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    6446 Lower York Rd, Unit 3450 New Hope, PA 18938

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    Storefront space in a multi-tenant retail center in New Hope.

    Property Features for 6446 Lower York Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    1956

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    Listing Contact
    Chichi E. Ahia, Sior
    Chichi E. Ahia, Sior
    Source: Crexi

    Listing Agency: SVN | Ahia Commercial Real Estate Listing Agent: Chichi E. Ahia, Sior

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

    Learn more

    Overview

    Prime Storefront in County Row

    This is an exceptional opportunity to lease approximately 915 square feet of prime storefront space in County Row Center, a well-maintained, multi-tenant retail center located in New Hope, Pennsylvania. The flexible space offers excellent visibility and prominent signage options. The versatile layout is suitable for various uses. Currently, the space is configured with an inviting reception room and multiple private or treatment rooms. The property is situated in a vibrant neighborhood and benefits from ample parking and a strong tenant mix. It is ideally suited for businesses seeking high exposure and convenience. The property is located in a highly trafficked area between Peddler's Village and New Hope, with easy access to downtown New Hope, Lambertville, Buckingham, and Doylestown. Centrally located on Lower York Road (Route 202) in a highly visible and accessible location, the site is in close proximity to Street Road, Route 413, and River Road (Route 32). The site is a 35-minute drive to Princeton, a 50-minute drive to Philadelphia, and a 90-minute drive to New York City. New Hope offers eclectic shopping, riverside dining, theater, and cultural attractions and was named "America's Favorite Towns" by Travel and Leisure magazine.
    Location Intelligence

    Current Use by Public Records

    Dr. Amish Sheth ... Dental Office New Hope Dentists ... Dental Office Dentistry Family Cosmetic ... Dental Office Pachman & Speiser: Roseman ... Dental Office

    Suggested Use

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

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

    Similar Places Nearby

    Pod Shop Flowers, The Bloemist

    Location Insight

    • Map
    • Local Demand
    City
    New Hope
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.983003
    Latitude
    40.356272

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    FAQs

    What type of property is this?
    Storefront property - Storefront space in a multi-tenant retail center in New Hope.
    Where is this storefront property located?
    The property is located at 6446 Lower York Rd, Unit 3450 New Hope, PA.
    What are key features of this property?
    This property features: - Prime storefront space in a well-maintained retail center.; - Excellent visibility and prominent signage options.; - Versatile layout suitable for various uses, currently configured with reception and private rooms.
    Request Owner's contact information
    6446 Lower York Rd, Unit 3450 New Hope, PA 18938
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    New Hope, PA 18938
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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
    6446 Lower York Rd, Unit 3450 New Hope, PA 18938
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    We can help!
    Listing Contact
    Chichi E. Ahia, Sior
    Chichi E. Ahia, Sior
    Real Estate License ID: RM423727
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