Restaurant Building Near Public
New
For Sale
$850,000
424 N Main, Perkasie, PA 18944
Restaurant property with removable fixtures and equipment, plus access to an additional public parking lot.
Property Size3,600 SF
Price / SF$236.11
Days on Market6
Property Features for 424 N Main
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Additional Details
Equipment Included
No
Taxes and HOA fees
Annual Taxes
$7,469
Amenities
Central air
Central Air Cooling
Electric Heating
Building Details
Year Built
1984
Listing Agency:
RE/MAX RELIANCE
(215) 723-4150
Listed By:
KATHLEEN M. CASSEL · License #RS171700l
Source:
Corcoran
Added: Aug 17
Changed: Aug 22
Last Checked: Aug 22 at 7:52AM
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 RELIANCE
Investment Insights
Based on property information with market context.
This 3,600-square-foot restaurant property was built in 1984 and is offered as real estate only. Fixtures, equipment, and related items may be removed or sold separately. The building is presently used as a restaurant and has also supported deli and hair salon operations in the past.
The property is located at 424 N Main in Souderton Boro, Pennsylvania, next to a newly renovated public park. An additional public parking lot is available nearby. Showings are conducted on Mondays with the listing agent accompanying all visits.
The property is located at 424 N Main in Souderton Boro, Pennsylvania, next to a newly renovated public park. An additional public parking lot is available nearby. Showings are conducted on Mondays with the listing agent accompanying all visits.
Key Highlights
- 3,600‑square‑foot restaurant property
- Built in 1984
- Real estate offered separately from fixtures and equipment
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
$55,972
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
6.58%
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%
$1,119,440
$1.1M
Cap Rate 7%
$799,600
$799.6K
Cap Rate 9%
$621,911
$621.9K
Market Conditions
NOI Build-Up for 3,600 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
$79.1K $21.96/SF
− Vacancy
−$4.4K −$1.23/SF
EGI
$74.6K $20.73/SF
− OpEx
−$18.7K −$5.18/SF
NOI
$56.0K $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%
$1,119,440
Cap Rate 7%
$799,600
Cap Rate 9%
$621,911
Alternative Uses
Best Use
Specialty Retail
$799.6K
$699.7K – $932.9K
NOI $55,972 @ 7.0% cap · market cap 6.58%
Second Best
Retail
$746.3K
$653.0K – $870.7K
NOI $52,240 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.09M
$955.1K – $1.27M
NOI $76,404 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18944, PA
26,396
Population
10,107
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
95%
High-School Grad
45.4 sq mi
ZIP Area
581
Density / Sq Mi
$133,131
Median Household Income
$59,564
Median Earnings
$1,383
Median Rent
$411,200
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with removable fixtures and equipment, plus access to an additional public parking lot.
Where is this conventional restaurant located?
The property is located at 424 N Main Perkasie, 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: 3,600‑square‑foot restaurant property; Built in 1984; Real estate offered separately from fixtures and equipment
