Conventional Restaurant with Central
For Sale
$574,999
2209 BRISTOL PIKE, Croydon, PA 19021
Established restaurant property with gas water heating and C zoning along Bristol Pike.
Property Size2,638 SF
Days on Market170
Property Features for 2209 BRISTOL PIKE
General Information
Standard status
Active
Size
2,638 SF
Zoning
C
Taxes and HOA fees
Annual Taxes
$8,035
Amenities
Central Air
Other
Gas Water Heater
Building Details
Building Size
2,638 SF
Year Built
1957
Listing Agency:
(862) 235-8438
Listed By:
Maj Mccray
(862) 235-8438
Source:
Evrealestate
Added: Feb 17
Changed: Aug 2
Last Checked: Aug 6 at 5:23AM
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 Maj Mccray
Investment Insights
Based on property information with market context.
This conventional restaurant property was built in 1957 and includes central air conditioning and a gas water heater. The building’s exterior features are listed as none, while the property is designated C zoning.
The restaurant is located at 2209 Bristol Pike in Croydon, Bucks County, next to Kat's Antiques. On-site identification includes a Tacobaya sign, providing a visible reference along Bristol Pike.
The restaurant is located at 2209 Bristol Pike in Croydon, Bucks County, next to Kat's Antiques. On-site identification includes a Tacobaya sign, providing a visible reference along Bristol Pike.
Key Highlights
- Conventional restaurant property built in 1957
- C zoning designation
- Central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,015
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$820,300
$820.3K
Cap Rate 7%
$585,929
$585.9K
Cap Rate 9%
$455,722
$455.7K
Market Conditions
NOI Build-Up for 2,638 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.9K $21.96/SF
− Vacancy
−$3.2K −$1.23/SF
EGI
$54.7K $20.73/SF
− OpEx
−$13.7K −$5.18/SF
NOI
$41.0K $15.55/SF
Area
Bucks County, PA
Vacancy
5.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$820,300
Cap Rate 7%
$585,929
Cap Rate 9%
$455,722
Alternative Uses
Best Use
Specialty Retail
$585.9K
$512.7K – $683.6K
NOI $41,015 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.8K
$699.8K – $933.1K
NOI $55,987 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 42%
Home Improvements & Furnishings 4%
Dunkin' Donuts
Dining
8,643 visits/mo
0.1 miles
Checkers
Dining
7,719 visits/mo
0.3 miles
Sunoco
Shops & Services
6,695 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,145 visits/mo
0.3 miles
True Value Hardware
Home Improvements & Furnishings
1,341 visits/mo
0.4 miles
Demographics for 19021, PA
10,001
Population
3,942
Households
2.5
Avg Household Size
41
Median Age
15%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
3,226
Density / Sq Mi
$59,935
Median Household Income
$39,864
Median Earnings
$1,303
Median Rent
$264,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant property with gas water heating and C zoning along Bristol Pike.
Where is this conventional restaurant located?
The property is located at 2209 BRISTOL PIKE Croydon, PA.
What is the asking price?
The asking price for this property is $574,999.
What are key features of this property?
This property features: Conventional restaurant property built in 1957; C zoning designation; Central air conditioning
