Multi-Level Professional Office
For Sale
$1,995,900
2336 Street Road, Bensalem, PA 19020
Well maintained office building with flexible suites, conference space, and on-site parking for about 24 vehicles.
Property Size4,700 SF
Price / SF$424.66
Days on Market240
Property Features for 2336 Street Road
General Information
Standard status
Active
Size
4,700 SF
Total Parking Spaces
24
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$14,471
Amenities
Central Air
3
C
Parking.
Lot.
0.00 x 0.00
Building Details
Stories
5
Listing Agency:
Elite Realty Group Unl. Inc.
(267) 246-9729
Listed By:
Joseph Bograd · License #AB066484
(267) 246-9729
Source:
Xome
Added: Jan 2
Changed: Aug 25
Last Checked: Aug 29 at 6:25AM
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 Elite Realty Group Unl. Inc.
Investment Insights
Based on property information with market context.
This well maintained commercial building provides versatile space designed for professional office use. Approximately 4,700 square feet is spread across five distinct levels, with a mix of private offices, flex areas, conference rooms, and collaborative spaces that can be adapted for a range of operating needs. The building includes a dedicated customer restroom, a full bathroom, and a kitchen area for staff and client convenience. Additional security is supported by a surveillance system, and the roof was replaced within the last six to seven years.
The property is positioned on a high-traffic street with strong visibility and consistent daily car exposure. An on-site parking lot accommodates approximately 24 vehicles, supporting both employee access and client visits.
The interior configuration and amenity set make the building a practical fit for professional services, medical or wellness practices, and creative firms, including options for a multi-tenant setup. With its existing private offices, meeting rooms, and flexible space, the property is suited for operators seeking ready-to-use space with the ability for light customization to match their workflow.
The property is positioned on a high-traffic street with strong visibility and consistent daily car exposure. An on-site parking lot accommodates approximately 24 vehicles, supporting both employee access and client visits.
The interior configuration and amenity set make the building a practical fit for professional services, medical or wellness practices, and creative firms, including options for a multi-tenant setup. With its existing private offices, meeting rooms, and flexible space, the property is suited for operators seeking ready-to-use space with the ability for light customization to match their workflow.
Key Highlights
- Well‑maintained commercial office building with 4,700+ SF across five distinct levels
- Flexible layout with private offices, flex spaces, conference rooms, and collaborative areas
- On‑site parking lot for approximately 24 vehicles for employees and visitors
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
$73,892
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
3.70%
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%
$1,477,840
$1.5M
Cap Rate 7%
$1,055,600
$1.1M
Cap Rate 9%
$821,022
$821.0K
Market Conditions
NOI Build-Up for 4,700 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
$122.4K $26.04/SF
− Vacancy
−$23.9K −$5.08/SF
EGI
$98.5K $20.96/SF
− OpEx
−$24.6K −$5.24/SF
NOI
$73.9K $15.72/SF
Area
Bucks County, PA
Vacancy
19.50%
Lease Rate
$26.04 /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%
$1,477,840
Cap Rate 7%
$1,055,600
Cap Rate 9%
$821,022
Alternative Uses
Best Use
Office B
$1.06M
$923.7K – $1.23M
NOI $73,892 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,749 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 19020, PA
57,043
Population
23,471
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
89%
High-School Grad
17.3 sq mi
ZIP Area
3,297
Density / Sq Mi
$80,158
Median Household Income
$49,154
Median Earnings
$1,549
Median Rent
$344,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well maintained office building with flexible suites, conference space, and on-site parking for about 24 vehicles.
Where is this office building located?
The property is located at 2336 Street Road Bensalem, PA.
What is the asking price?
The asking price for this property is $1,995,900.
What are key features of this property?
This property features: Well‑maintained commercial office building with 4,700+ SF across five distinct levels; Flexible layout with private offices, flex spaces, conference rooms, and collaborative areas; On‑site parking lot for approximately 24 vehicles for employees and visitors
