Renovated Mixed-Use Commercial
For Sale
$1,400,000
6610 York Rd, New Hope, PA 18938
Open-plan commercial space with parking, signage, and access suited to salon, wellness, retail, or professional uses.
Property Size4,900 SF
Price / SF$285.71
Days on Market188
Property Features for 6610 York Rd
General Information
Standard status
Active
Size
4,900 SF
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$10,905
Building Details
Buildings
1
Building Size
4,900 SF
Listing Agency:
Addison Wolfe Real Estate
(267) 474-0204
Listed By:
Stefan D Dahlmark · License #9806722
(267) 474-0204
Source:
Exprealty
Added: Feb 24
Changed: Aug 30
Last Checked: Aug 30 at 7:35PM
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 Addison Wolfe Real Estate
Investment Insights
Based on property information with market context.
Located at 6610 York Rd in New Hope, this 4,900± sq. ft. mixed-use commercial building underwent a complete professional renovation. The interior has an open layout, abundant natural light, and contemporary finishes. Its current design supports salon and spa operations, while the configuration can accommodate retail, boutique hospitality, medical or wellness services, fitness, therapy offices, events, coworking, professional suites, or lifestyle-oriented headquarters.
The property includes prominent signage, convenient ingress and egress, and generous on-site parking. It is positioned along Lower York Road near New Hope and Lambertville, with the property information citing approximately 42± miles to Philadelphia and 75± miles to Midtown Manhattan. The location also benefits from seasonal visitation associated with the surrounding river-town market.
The property includes prominent signage, convenient ingress and egress, and generous on-site parking. It is positioned along Lower York Road near New Hope and Lambertville, with the property information citing approximately 42± miles to Philadelphia and 75± miles to Midtown Manhattan. The location also benefits from seasonal visitation associated with the surrounding river-town market.
Key Highlights
- 4,900± sq. ft. mixed‑use commercial building at 6610 York Rd, New Hope, PA
- Completely and professionally renovated by the current owner
- Open layout designed for salon and spa operations
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
$71,105
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
5.08%
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%
$1,422,100
$1.4M
Cap Rate 7%
$1,015,786
$1.0M
Cap Rate 9%
$790,056
$790.1K
Market Conditions
NOI Build-Up for 4,900 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
$107.6K $21.96/SF
− Vacancy
−$6.0K −$1.23/SF
EGI
$101.6K $20.73/SF
− OpEx
−$30.5K −$6.22/SF
NOI
$71.1K $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%
$1,422,100
Cap Rate 7%
$1,015,786
Cap Rate 9%
$790,056
Alternative Uses
Best Use
Retail
$1.02M
$888.8K – $1.19M
NOI $71,105 @ 7.0% cap · market cap 5.08%
Second Best
Mixed Use
$248.3K
$217.2K – $289.6K
NOI $17,378 @ 7.0% cap · market cap 1.24%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $103,994 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
50k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 32%
Home Improvements & Furnishings 12%
Wawa
Shops & Services
18,336 visits/mo
0.3 miles
McDonald's
Dining
16,338 visits/mo
0.3 miles
Lukoil
Shops & Services
9,610 visits/mo
0.3 miles
True Value Hardware
Home Improvements & Furnishings
3,297 visits/mo
0.4 miles
Ace Hardware
Home Improvements & Furnishings
2,850 visits/mo
0.4 miles
Demographics for 18938, PA
14,301
Population
6,369
Households
2.2
Avg Household Size
54
Median Age
67%
College-Educated
97%
High-School Grad
40.9 sq mi
ZIP Area
350
Density / Sq Mi
$161,146
Median Household Income
$93,397
Median Earnings
$2,005
Median Rent
$701,700
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?
Mixed-use property - Open-plan commercial space with parking, signage, and access suited to salon, wellness, retail, or professional uses.
Where is this mixed-use property located?
The property is located at 6610 York Rd New Hope, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 4,900± sq. ft. mixed‑use commercial building at 6610 York Rd, New Hope, PA; Completely and professionally renovated by the current owner; Open layout designed for salon and spa operations
