High-Traffic Strip Mall
For Sale
$850,000
4153-4157 Woerner Ave, Levittown, PA 19057
Prime Levittown location with high visibility and customization potential.
Property Size2,500 SF
Price / SF$340
Days on Market1270
Property Features for 4153-4157 Woerner Ave
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,640
Amenities
Corner
Corner Lot/Unit
Interior
Level
Building Details
Year Built
1975
Listing Agency:
RE/MAX 2000
(215) 698-2000
Listed By:
JULIA COSTELLO · License #RS229358
Source:
Corcoran
Added: Feb 16, 2023
Changed: Aug 8
Last Checked: Aug 8 at 6:14AM
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 2000
Investment Insights
Based on property information with market context.
This property features a high-traffic strip mall location with great exposure, suitable for businesses seeking to establish a presence in the area. The interior is a blank slate, offering customization and reconfiguration possibilities to meet various potential uses. According to tax records, the address is 4147 Woerner Avenue, but the addresses on the premises are 4153-4157. Unit 4157, previously a laundromat, is an end unit with approximately 2500 square feet and two exits to the rear drive. It includes large display windows and a front parking lot, presenting an opportunity to revive the laundromat. Unit 4153 is newly renovated with approximately 1,250 square feet, a half bathroom, and an exit to the rear; it is currently rented and operating as a thrift shop. Unit 4155 is also newly renovated and features an open layout, a built-in AC unit, a 200 AMP electric panel, and an exit to the rear. The property has a newer rubber roof installed in 2019. Located across from a busy grocery store, the property benefits from high foot traffic and great visibility. It is conveniently located close to major roadways, transportation, and shopping.
Key Highlights
- High‑traffic strip mall location with great exposure.
- Includes three units: one 2500 sq ft end unit, one 1250 sq ft rented unit, and one renovated unit.
- End unit (4157) has two rear exits and was previously a laundromat.
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
$36,278
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
4.27%
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%
$725,560
$725.6K
Cap Rate 7%
$518,257
$518.3K
Cap Rate 9%
$403,089
$403.1K
Market Conditions
NOI Build-Up for 2,500 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
$54.9K $21.96/SF
− Vacancy
−$3.1K −$1.23/SF
EGI
$51.8K $20.73/SF
− OpEx
−$15.5K −$6.22/SF
NOI
$36.3K $14.51/SF
Area
Bucks County, PA
Vacancy
5.60%
Lease Rate
$21.96 /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%
$725,560
Cap Rate 7%
$518,257
Cap Rate 9%
$403,089
Alternative Uses
Best Use
Retail
$518.3K
$453.5K – $604.6K
NOI $36,278 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$758.0K
$663.2K – $884.3K
NOI $53,058 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Dining 34%
Shops & Services 10%
Beauty & Spa 3%
ACME Markets
Groceries
32,512 visits/mo
0.1 miles
McDonald's
Dining
18,361 visits/mo
0.1 miles
Shell
Shops & Services
6,578 visits/mo
0.3 miles
Philly Pretzel Factory
Dining
3,222 visits/mo
0.3 miles
Great Clips
Beauty & Spa
1,613 visits/mo
0.3 miles
Demographics for 19057, PA
16,916
Population
6,452
Households
2.6
Avg Household Size
40
Median Age
26%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
3,845
Density / Sq Mi
$95,089
Median Household Income
$48,682
Median Earnings
$1,518
Median Rent
$299,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Prime Levittown location with high visibility and customization potential.
Where is this strip mall located?
The property is located at 4153-4157 Woerner Ave Levittown, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High‑traffic strip mall location with great exposure.; Includes three units: one 2500 sq ft end unit, one 1250 sq ft rented unit, and one renovated unit.; End unit (4157) has two rear exits and was previously a laundromat.
