Four-Unit Shopping
New
For Sale
$1,000,000
4015 VETERANS HIGHWAY, Levittown, PA 19056
Fully occupied retail package with contiguous storefronts and established commercial tenants.
Property Size4,570 SF
Price / SF$218.82
Days on Market5
Property Features for 4015 VETERANS HIGHWAY
General Information
Standard status
Active
Size
4,570 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Gross Income
$79,200
Highway Access
Yes
Building Details
Year Built
1955
Tenancy
Multi
Listing Agency:
Re/Max One Realty
(215) 953-8800
Listed By:
Robert J Wolf · License #AB065938
(215) 694-9728
Source:
Cummingsrealtors
Added: Sep 16
Changed: Sep 19
Last Checked: Sep 20 at 9:23AM
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 Re/Max One Realty
Investment Insights
Based on property information with market context.
This four-unit shopping center contains 4,570 square feet of commercial storefront space and was built in 1955. The package includes a hair-braiding salon, retail store, jewelry store, and restaurant, with all four units occupied. Three storefronts connect directly, creating flexibility for a larger combined layout subject to applicable approvals. Tenancies are month-to-month, with occupants handling utilities and substantial maintenance responsibilities.
The property is positioned at 4015 Veterans Highway in Levittown, within Bristol Township. It includes ample parking and frontage along a high-traffic commercial corridor. Access to the Pennsylvania Turnpike and Interstate 95 is described as convenient, with New Jersey also readily accessible. The seller prefers to convey all four units together as one package.
The property is positioned at 4015 Veterans Highway in Levittown, within Bristol Township. It includes ample parking and frontage along a high-traffic commercial corridor. Access to the Pennsylvania Turnpike and Interstate 95 is described as convenient, with New Jersey also readily accessible. The seller prefers to convey all four units together as one package.
Key Highlights
- Four occupied commercial storefronts totaling 4,570 SF
- Retail mix includes a hair‑braiding salon, retail store, jewelry store, and restaurant
- Three of the four storefronts are contiguous
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
$71,053
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
7.11%
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%
$1,421,060
$1.4M
Cap Rate 7%
$1,015,043
$1.0M
Cap Rate 9%
$789,478
$789.5K
Market Conditions
NOI Build-Up for 4,570 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
$100.4K $21.96/SF
− Vacancy
−$5.6K −$1.23/SF
EGI
$94.7K $20.73/SF
− OpEx
−$23.7K −$5.18/SF
NOI
$71.1K $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%
$1,421,060
Cap Rate 7%
$1,015,043
Cap Rate 9%
$789,478
Alternative Uses
Best Use
Specialty Retail
$1.02M
$888.2K – $1.18M
NOI $71,053 @ 7.0% cap · market cap 7.11%
Second Best
Retail
$947.4K
$829.0K – $1.11M
NOI $66,316 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $96,990 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
148k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Groceries 40%
Dining 19%
Electronics 1%
Giant Food Store
Groceries
46,250 visits/mo
0.1 miles
Wawa
Shops & Services
35,270 visits/mo
0.5 miles
Burger King
Dining
16,741 visits/mo
0.1 miles
Fine Wine & Good Spirits
Groceries
13,032 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,543 visits/mo
0.1 miles
Demographics for 19056, PA
15,858
Population
6,030
Households
2.6
Avg Household Size
41
Median Age
34%
College-Educated
95%
High-School Grad
3.9 sq mi
ZIP Area
4,066
Density / Sq Mi
$104,382
Median Household Income
$53,916
Median Earnings
$1,409
Median Rent
$360,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail package with contiguous storefronts and established commercial tenants.
Where is this shopping center located?
The property is located at 4015 VETERANS HIGHWAY Levittown, PA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Four occupied commercial storefronts totaling 4,570 SF; Retail mix includes a hair‑braiding salon, retail store, jewelry store, and restaurant; Three of the four storefronts are contiguous
