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    Retail Space in Thornridge Center Title is generated by Realmo AI

    8720 New Falls Rd, Levittown, PA 19054

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    Claim this Listing
    For Lease
    $11,667/Mo $14 SF/Yr (calc)

    10,000 SF retail space available for lease.

    Type:Commercial
    Property size:
    10,000 SF
    Added:
    Oct 30, 2025
    Days on Market:
    218
    Last Refresh:
    May 10 at 11:12 pm

    Property Features for 8720 New Falls Rd

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1958

    We can help!

    Listing Contact
    RAYMOND W. JONES
    RAYMOND W. JONES

    Listing agent RAYMOND W. JONES

    Listing office EXP REALTY, LLC

    Listing date Oct 30, 2025

    Source Corcoran

    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 EXP REALTY, LLC

    HighLights

    • High‑traffic location on New Falls Road with excellent signage and visibility.
    • Includes several large walk‑in refrigeration and freezer units, ideal for food‑related businesses.
    • Flexible zoning allows for a variety of retail, food, and service uses.
    • Ample onsite parking and rear loading dock access for efficient operations.
    • Located in the well‑established Leeper’s Thornridge Shopping Center, surrounded by strong national and local tenants.
    • Easy access to major routes: Route 413, US‑1, I‑295, and the PA Turnpike.

    Overview

    Located within the Thornridge Shopping Center on New Falls Road in Levittown, this 10,000 SF retail space offers high visibility and strong neighborhood demographics. The space, formerly part of a grocery store, is suitable for retail, food service, or specialty use. It includes walk-in refrigeration and freezer units, making it ideal for a food market, specialty grocer, commissary, or restaurant operator. The property features open floor space, rear loading dock access, and ample onsite parking designed for high-volume customer traffic and efficient operations. Signage and visibility are excellent on New Falls Road. The location provides easy access to Route 413, US-1, I-295, and the PA Turnpike. Flexible zoning accommodates various retail, food, and service uses. The property is surrounded by national and local tenants. Lease terms are preferred for 5 years or longer. Available January 2026, this space is suited for a grocery store, organic market, food distributor, health and wellness center, restaurant, brewery, retail showroom, fitness center, or other service-oriented operations.
    Location Intelligence

    Current Use by Public Records

    Chance To Save Bargain ... Home Decor Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • KOFTOWN AFRICAN CARIBBEAN MARKET — 7755 New Falls Rd, Levittown, PA 19055
    • Lidl — 7901 new falls rd, levittown, pa 19055

    Location Insight

    • Map
    • Local Demand
    City
    Levittown
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.8308
    Latitude
    40.174

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    FAQs

    What type of property is this?
    Grocery and convenience store - 10,000 SF retail space available for lease.
    Where is this grocery and convenience store located?
    The property is located at 8720 New Falls Rd Levittown, PA.
    What is the lease rate?
    The lease rate is $11,667 /Mo.
    What are key features of this property?
    This property features: High‑traffic location on New Falls Road with **excellent signage and visibility**.; Includes **several large walk‑in refrigeration and freezer units**, ideal for food‑related businesses.; Flexible zoning allows for a variety of retail, food, and service uses.
    (888) 397-7352
    We can help!
    Listing Contact
    RAYMOND W. JONES
    RAYMOND W. JONES
    Learn More
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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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    8720 New Falls Rd, LEVITTOWN, PA 19054
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