Building Details

Year Built 1990

Building Size 10,000 SF

Listing Agency: Keller Williams Realty Group

Listed By: Vickie L. Landis · License #AB065442 Show Phone

Source: Jennysoldmine

Added: Aug 1 Changed: Oct 25 Last Checked: Oct 7 at 3:03PM

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Investment Insights

Based on property information with market context.

This flex-oriented compound brings together commercial workspace and multiple residential components at 161 S Main in Dublin Boro. The property includes a 10,000-square-foot commercial building suited to contractor storage, equipment staging, warehouse functions, workshops, or light business operations. Two residential rental units are positioned toward the front, while a separate private residence occupies the rear portion of the site.

The property fronts Route 313, also identified as S Main St, with connections described to Doylestown, Route 611, Route 309, the Lehigh Valley, and the Greater Philadelphia markets. Built in 1990, the asset offers a combination of flex operations, residential occupancy, and a private estate component within one property. Potential expansion, subdivision, or development uses are subject to municipal approvals.

Key Highlights

• 10,000‑square‑foot commercial building for storage, staging, warehouse, workshop, or light business use
• Two income‑producing residential rental units at the front of the property
• Separate private residence positioned at the rear of the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$159,596

Cap Rate

6.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,191,920 $3.2M

Cap Rate 7%

$2,279,943 $2.3M

Cap Rate 9%

$1,773,289 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,603 SF

Gross rent

$204.1K $13.08/SF

− Vacancy

−$16.3K −$1.05/SF

EGI

$187.8K $12.03/SF

− OpEx

−$28.2K −$1.81/SF

NOI

$159.6K $10.23/SF

Area

Bucks County, PA

Vacancy

8.00%

Lease Rate

$13.08 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,191,920

Cap Rate 7%

$2,279,943

Cap Rate 9%

$1,773,289

Alternative Uses

Best Use

Warehouse

$2.28M

$1.99M – $2.66M (±1% cap)

NOI $159,596 @ 7.0% cap · market cap 6.51%

Second Best

Industrial

$1.64M

$1.43M – $1.91M (±1% cap)

NOI $114,551 @ 7.0% cap · market cap 4.68%

Theoretical Best

Office A

$4.73M

$4.14M – $5.52M (±1% cap)

NOI $331,147 @ 7.0% cap · market cap 13.52%

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

Property Analytics

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Open Analytics

Current Use

Taormina's Pizzeria Restaurant Applewood Chiropractic Alternative Medicine Practice FedEx OnSite Postal Service Transportation-Drivers Exam Department Of Motor Vehicles QNB Bank - Dublin Bank

Suggested Use

Top Pick Real Estate Agency Law Firm Auto Repair Shop Hair Salon Dental Office Restaurant

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

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

298

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 18917, PA

2,227

Population

1,059

Households

2.1

Avg Household Size

39

Median Age

34%

College-Educated

91%

High-School Grad

0.7 sq mi

ZIP Area

3,181

Density / Sq Mi

$75,000

Median Household Income

$49,539

Median Earnings

$1,342

Median Rent

$356,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Multi-component property combines commercial workspace, residential rentals, and a separate private residence along the Route 313 corridor.

Where is this flex space located?

The property is located at 161 S Main St Dublin, PA.

What is the asking price?

The asking price for this property is $2,450,000.

What are key features of this property?

This property features: 10,000‑square‑foot commercial building for storage, staging, warehouse, workshop, or light business use; Two income‑producing residential rental units at the front of the property; Separate private residence positioned at the rear of the property