Building Details

Year Built 1900

Listing Agency: Keller Williams Real Estate-Langhorne k***@kw.com Show Phone

Listed By: michael joseph young Jr. · License #rs350083 Show Phone

Source: Cummingsrealtors

Added: Sep 13 Changed: Nov 5 Last Checked: Nov 4 at 4:36PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Real Estate-Langhorne

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Investment Insights

Based on property information with market context.

This showroom and office property at 151A Bellevue Avenue in Penndel, Pennsylvania, is positioned near public transportation. The space was previously used as a kitchen showroom and may suit a similar showroom or office configuration. The property was built in 1900 and has a reported property size of 725. Prospective occupants are responsible for confirming acceptable uses with Penndel Borough.

Key Highlights

• Showroom or office space at 151A Bellevue Avenue
• Previously operated as a kitchen showroom
• Near public transportation in Penndel Borough

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,521

Suggested Prices Based on Cap Rates

Cap Rate 5%

$210,420 $210.4K

Cap Rate 7%

$150,300 $150.3K

Cap Rate 9%

$116,900 $116.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 725 SF

Gross rent

$15.9K $21.96/SF

− Vacancy

−$892 −$1.23/SF

EGI

$15.0K $20.73/SF

− OpEx

−$4.5K −$6.22/SF

NOI

$10.5K $14.51/SF

Area

Bucks County, PA

Vacancy

5.60%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$210,420

Cap Rate 7%

$150,300

Cap Rate 9%

$116,900

Alternative Uses

Best Use

Retail

$150.3K

$131.5K – $175.4K (±1% cap)

NOI $10,521 @ 7.0% cap · market cap 701.40%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$219.8K

$192.3K – $256.5K (±1% cap)

NOI $15,387 @ 7.0% cap · market cap 1,025.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Showrooms

Suggested Use

Top Pick Real Estate Agency Law Firm Daycare Center Skin Care Clinic Garden Center Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

505

Businesses Nearby

21k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 55% Dining 41% Home Improvements & Furnishings 4%

Dunkin' Donuts Dining

7,648 visits/mo 0.2 miles

Sunoco Shops & Services

4,922 visits/mo 0.2 miles

AutoZone Shops & Services

3,657 visits/mo 0.2 miles

Advance Auto Parts Shops & Services

3,084 visits/mo 0.1 miles

Manhattan Bagel Dining

1,078 visits/mo 0.1 miles

Demographics for 19047, PA

35,452

Population

13,150

Households

2.7

Avg Household Size

45

Median Age

45%

College-Educated

97%

High-School Grad

17.2 sq mi

ZIP Area

2,061

Density / Sq Mi

$110,395

Median Household Income

$55,992

Median Earnings

$1,770

Median Rent

$441,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

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Retail Space For Sale

121 W Lincoln Hwy, Penndel, PA 19047

Contact for pricing

3,654 SF

View details

Industrial Condominium with Marquee Signage

50 Hulmeville Ave Unit 5, Penndel, PA 19047

$1,250,000

14,000 SF

View details

Similar Off Market Nearby

• Q T Inc — 376 W Lincoln Hwy, Langhorne, PA 19047, United States
• Keystone Tile & Marble — 376 W Lincoln Hwy, Langhorne, PA 19047
• Big Marty's Carpets — 115 Bellevue Ave, Penndel, PA 19047
• John Gorman’s Hardwood Flooring — Penndel, PA 19047
• Bucks County Carpet & Floors — 2 E Lincoln Hwy, Langhorne, PA 19047

Frequently Asked Questions

What type of property is this?

Showroom - Located near public transportation with prior kitchen showroom use.

Where is this showroom located?

The property is located at 151a BELLEVUE AVENUE Penndel, PA.

What are key features of this property?

This property features: Showroom or office space at 151A Bellevue Avenue; Previously operated as a kitchen showroom; Near public transportation in Penndel Borough