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    111 Hulst Dr Matamoras, PA 18336

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    For Lease
    Contact for pricing

    Prime PA location, multiple spaces available.

    Lot size:
    203,907 SF

    Property Features for 111 Hulst Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    203,907 SF

    Building Details

    Buildings
    2
    Stories
    1

    Spaces For Lease

    at 111 Hulst Dr, Matamoras, PA 18336 Contact us

    We can help!

    Listing Contact
    Victor Kelly
    Victor Kelly

    Listing Agency: Larken Associates Listing Agent: Victor Kelly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Westfall Town Center, located at 111 Hulst Dr, Matamoras, PA 18336, presents a unique investment opportunity. This 203,907 square foot retail and medical office complex sits on a spacious 32.02-acre lot in Pike County. The property features two buildings, each single-story, offering a combined total of 922 parking spaces for ample customer convenience. Currently, there are multiple tenancies available, ranging in size from 3,000 to 17,366 square feet, ideal for a variety of retail, medical, or instructional uses. The center boasts a grocery store anchor tenant, ensuring consistent foot traffic. Its strategic location adjacent to Route 6 provides exceptional highway visibility, while easy access via Interstates 84 and Routes 6 and 209 ensures high accessibility. The property is professionally landscaped and managed, enhancing its curb appeal and overall value. Adding to its convenience, Tesla Superchargers are located on-site. This well-maintained property offers a compelling opportunity for businesses seeking a high-traffic, easily accessible location in a thriving community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Heritage Financial Credit ... Credit Union Essence Nails Nail Salon GameStop Arcade & Gaming Center Goodfella's Pizza Italian ... Restaurant Wayback Burgers Restaurant

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Matamoras
    County
    Pike
    State
    Pennsylvania
    Longitude
    -74.7223332
    Latitude
    41.3518754

    Nearby Similar for Lease

    • Contact for pricing
      8,856 SF

      Grocery-Anchored Retail Shopping Center Space

      Retail, instructional, and medical space for lease in Matamoras.
      111 Wenlock Rd, Matamoras, PA 18336
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime PA location, multiple spaces available.
    Where is this restaurant located?
    The property is located at 111 Hulst Dr Matamoras, PA.
    What are key features of this property?
    This property features: Built-to-suit retail, medical, and educational space available.; Individual suite utility metering.; High-visibility location at a lighted intersection on a major retail thoroughfare.
    (908) 874-8686 Call to check price and availability
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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.

    More about this property
    111 Hulst Dr Matamoras, PA 18336
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    Contact for Pricing
    Please call us for current price
    and status of this listing Victor Kelly
    Victor Kelly
    (908) 874-8686
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