Renovated Office Building with Private
For Sale
$699,900
3157 Mechanicsville Rd, Bensalem, PA 19020
Renovated office property with private offices, conference space, central air, paved parking, and exterior storage.
Property Size2,400 SF
Price / SF$291.63
Days on Market37
Property Features for 3157 Mechanicsville Rd
General Information
Standard status
Active
Size
2,400 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$699,900
Office Units
1
Amenities
central air conditioning
street signage
storage facility
Building Details
Year Built
1951
Buildings
1
Building Size
2,400 SF
Owner Occupied
No
Listing Agency:
M Riccardi Agency Inc
(215) 353-0492
Listed By:
Michael E Riccardi · License #RM-420502
Source:
Jennysoldmine
Added: Jul 25
Changed: Aug 29
Last Checked: Aug 25 at 4:55AM
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 M Riccardi Agency Inc
Investment Insights
Based on property information with market context.
This approximately 2,400-square-foot office building offers a reception area, five private offices, a conference room, bathroom, kitchen, and dedicated file room. The property has central air conditioning, a large paved parking area, and a separate outdoor storage building. It was built in 1951 and has been completely renovated. Furnishings may be included, providing flexibility for an incoming occupant.
Located at 3157 Mechanicsville Rd in Bensalem, the property sits near a traffic signal serving access to Parx Casino and Street Road. Route 1, the Pennsylvania Turnpike, and I-95 are each within one mile. The site includes just under one acre of ground and street signage for property identification.
Located at 3157 Mechanicsville Rd in Bensalem, the property sits near a traffic signal serving access to Parx Casino and Street Road. Route 1, the Pennsylvania Turnpike, and I-95 are each within one mile. The site includes just under one acre of ground and street signage for property identification.
Key Highlights
- Approximately 2400 sf office building with five private offices
- Reception area, conference room, kitchen, bathroom, and separate file room
- Completely renovated building with 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
$37,732
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
5.39%
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%
$754,640
$754.6K
Cap Rate 7%
$539,029
$539.0K
Cap Rate 9%
$419,244
$419.2K
Market Conditions
NOI Build-Up for 2,400 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
$62.5K $26.04/SF
− Vacancy
−$12.2K −$5.08/SF
EGI
$50.3K $20.96/SF
− OpEx
−$12.6K −$5.24/SF
NOI
$37.7K $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%
$754,640
Cap Rate 7%
$539,029
Cap Rate 9%
$419,244
Alternative Uses
Best Use
Office B
$539.0K
$471.7K – $628.9K
NOI $37,732 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$727.7K
$636.7K – $848.9K
NOI $50,936 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
684
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 - Renovated office property with private offices, conference space, central air, paved parking, and exterior storage.
Where is this office building located?
The property is located at 3157 Mechanicsville Rd Bensalem, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Approximately 2400 sf office building with five private offices; Reception area, conference room, kitchen, bathroom, and separate file room; Completely renovated building with central air conditioning
