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    3020 Veterans Hwy Bristol, PA 19007
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    3020 Veterans Hwy Bristol, PA 19007

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    • Retail properties & Spaces
    • 4,262 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3020 Veterans Hwy

    Property size
    4,262 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional retail space, located at 3020 Veterans Highway in Bristol, Pennsylvania (Bucks County, zip code 19007), offers a prime opportunity for a variety of businesses. The property is a single-tenant space within a larger development, boasting a total building size of 4,262 square feet, with the available space ranging from 1,500 to 5,000 square feet. Its strategic location at a signalized intersection ensures high visibility and significant traffic exposure, with over 30,000 vehicles passing daily. This high-traffic area benefits from excellent accessibility to Interstate 95, providing convenient access for customers and employees. The property is situated alongside established national brands such as AutoZone and Wendy's, creating a synergistic environment and attracting a substantial customer base. Ideal tenants for this space include, but are not limited to, barber shops/beauty salons, dental practices, fast-food restaurants, insurance agencies, optical shops, pizzerias, and sandwich shops. The property is classified as Retail and Restaurant, currently designated as a Barber Shop. This location presents a unique chance to establish or expand a business in a thriving commercial area with strong visibility and convenient access. The property is categorized as a single-tenant space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.8809
    Latitude
    40.1227

    Comparable in this City

    • Value Estimation
      $1,440,000
      14,020 SF

      2210 Farragut Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,020 SF
      2210 Farragut Ave, Bristol, PA 19007-4403
      View Details
    • Value Estimation by Request
      1,827 SF

      3029 Veterans Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,827 SF
      3029 Veterans Hwy, Bristol, PA 19007-1607
      View Details
    • Value Estimation
      $700,000
      5,250 SF

      3021 Veterans Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,250 SF
      3021 Veterans Hwy, Bristol, PA 19007-1607
      View Details
    • Value Estimation
      $1,590,000
      10,800 SF

      2704 Veterans Hwy

      RETAIL STORES (PERSONAL SERVICES) • 10,800 SF
      2704 Veterans Hwy, Bristol, PA 19007-1602
      View Details
    • Value Estimation by Request
      2,030 SF

      1321 Veterans Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,030 SF
      1321 Veterans Hwy, Bristol, PA 19007-2514
      View Details
    • Value Estimation by Request
      3,460 SF

      2207 Farragut Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,460 SF
      2207 Farragut Ave, Bristol, PA 19007-4440
      View Details

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      Established Tavern with Income Apartments

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    Similar Nearby for Lease

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      Retail Pad Site For Lease

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      6,000 SF

      Retail Space in High-Traffic Area

      Retail property with high visibility and accessibility.
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    • $3,000 /Mo

      Versatile Space in Bucks County Center

      Adaptable space suitable for office, retail, medical, or educational purposes.
      1200 Veterans Hwy, Bristol, PA 19007
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      Large Format Anchor Space Available

      Anchor space available for sublease near PA Turnpike and I-95.
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      Retail Space in High-Traffic Area

      Retail property with high visibility and accessibility.
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      Bucks County Office Space Available

      Office space in Bristol, PA, suitable for general or medical use.
      1200 Veterans Hwy, Bristol, PA 19007
      View Details
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    Bristol, PA 19007
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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
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