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    Commercial Building with Attached Apartment Title is generated by Realmo AI

    8329 EASTON ROAD, Ottsville, PA 18942

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    For Sale
    $685,000

    High-visibility commercial building with renovated space and attached apartment.

    Type:Commercial/Industrial
    Property size:
    2,494 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $274/SF
    Added:
    Oct 20, 2023
    Days on Market:
    950
    Last Refresh:
    May 20 at 12:44 am

    Property Features for 8329 EASTON ROAD

    General Information

    Standard status
    Active
    Size
    2,494 SF
    Lot size
    0.42 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Joe Farzetta

    Listing agent Joe Farzetta License #RS347853

    Listing office BHHS Fox & Roach-Doylestown

    Listing date Oct 20, 2023

    Source Exitrealty

    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 BHHS Fox & Roach-Doylestown

    HighLights

    • High‑visibility commercial building in a high‑growth area of Ottsville, directly across from high‑traffic retail.
    • Includes an attached 2‑bedroom apartment for rental income or owner occupancy.
    • Extensive recent renovations including new plumbing, parking lot, alarm system, sewer main, fire system, well pump, HVAC, and more.
    • Renovated main floor with 1584 sq ft, new bathroom, lighting, and partial new flooring.
    • Second floor with 910 sq ft, featuring a kitchen and bathroom.
    • Unfinished basement with 1493 sq ft and outdoor access via entry and garage door.

    Overview

    This highly visible commercial building includes an attached 2-bedroom apartment in Ottsville, situated across the street from the Shops at Harrow Station, which includes CVS Pharmacy, Kimberton Whole Foods, and Turkey Hill. The main building features upgrades including plumbing, a new asphalt parking lot, a new alarm system, a new sewer main, a new fire system, new emergency lights and signs, a new well pump, and new HVAC makeup air with a 4T air conditioner capable of hot water heat, as well as a handicap lift and new outdoor lighting. The renovated main floor offers 1584 square feet and includes a new bathroom, new lighting, partial new flooring, and new LED lighting, and fresh paint. An oak staircase leads to the second floor, which features 910 square feet including a kitchen and bathroom. The unfinished basement provides 1493 square feet of additional space with outdoor access via an entry door and garage door. The property offers multiple uses, easy access, and rental income from the 2-bedroom apartment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Dental Office Spa & Massage Center Auto Parts Store Nail Salon Department Store Discount Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ottsville
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1541
    Latitude
    40.4623

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    • $875,000
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    • $2,490,000

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    FAQs

    What type of property is this?
    Mixed-use property - High-visibility commercial building with renovated space and attached apartment.
    Where is this mixed-use property located?
    The property is located at 8329 EASTON ROAD Ottsville, PA.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: High‑visibility commercial building in a high‑growth area of Ottsville, directly across from high‑traffic retail.; Includes an attached 2‑bedroom apartment for rental income or owner occupancy.; Extensive recent renovations including new plumbing, parking lot, alarm system, sewer main, fire system, well pump, HVAC, and more.
    (215) 961-7051
    We can help!
    Listing Contact
    Joe Farzetta
    Real Estate License ID: RS347853
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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