Storefront Property with Private
New
For Sale
$650,000
296 Easton Rd, Horsham, PA 19044
GC-2 zoning and access from two roads support a range of commercial business opportunities.
Property Size2,951 SF
Lot Size0.40 Acres
Price / SF$220.26
Days on Market4
Property Features for 296 Easton Rd
General Information
Standard status
Active
Size
2,951 SF
Lot size
0.40 Acres
Zoning
GC-2
Additional Details
Road Access
Yes
Building Details
Year Built
1950
Listing Agency:
RE/MAX Services
(267) 476-7117
Listed By:
Brian B. Kang · License #RS276051
Source:
Kandorre
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 9 at 9:53AM
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 RE/MAX Services
Investment Insights
Based on property information with market context.
This storefront property at 296 Easton Rd in Horsham, Pennsylvania, includes a commercial building on an approximately 17,300-square-foot lot. The site previously operated as a dry cleaning business and includes private parking to the side and rear with capacity for 15+ cars. The property was built in 1950.
Access is available from both Easton Rd (Rt. 611) and Horsham Rd, creating separate entry and exit points. The property is situated within a high-density residential and commercial area of Horsham Township and carries GC-2 commercial zoning. The zoning designation supports diverse business opportunities, subject to applicable requirements.
Access is available from both Easton Rd (Rt. 611) and Horsham Rd, creating separate entry and exit points. The property is situated within a high-density residential and commercial area of Horsham Township and carries GC-2 commercial zoning. The zoning designation supports diverse business opportunities, subject to applicable requirements.
Key Highlights
- Approximately 17,300 sq/ft lot
- Private side and rear parking for 15+ cars
- Two access points from Easton Rd (Rt. 611) and Horsham Rd
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
$35,621
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
5.48%
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%
$712,420
$712.4K
Cap Rate 7%
$508,871
$508.9K
Cap Rate 9%
$395,789
$395.8K
Market Conditions
NOI Build-Up for 2,951 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
$53.1K $18.00/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$50.9K $17.24/SF
− OpEx
−$15.3K −$5.17/SF
NOI
$35.6K $12.07/SF
Area
Montgomery County, PA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$712,420
Cap Rate 7%
$508,871
Cap Rate 9%
$395,789
Alternative Uses
Best Use
Retail
$508.9K
$445.3K – $593.7K
NOI $35,621 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,821 @ 7.0% cap · market cap 18.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19044, PA
16,273
Population
7,144
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
92%
High-School Grad
9.0 sq mi
ZIP Area
1,808
Density / Sq Mi
$96,189
Median Household Income
$49,945
Median Earnings
$1,434
Median Rent
$372,900
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.
Similar Off Market Nearby
- Beth's Flower Boutique — 369 Easton Rd, Horsham, PA 19044
Frequently Asked Questions
What type of property is this?
Storefront property - GC-2 zoning and access from two roads support a range of commercial business opportunities.
Where is this storefront property located?
The property is located at 296 Easton Rd Horsham, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 17,300 sq/ft lot; Private side and rear parking for 15+ cars; Two access points from Easton Rd (Rt. 611) and Horsham Rd
