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    Pike & Bustleton Pike 2Nd Street Pike Richboro, PA 18954
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    Pike & Bustleton Pike 2Nd Street Pike, Richboro, PA 18954

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    • Neighborhood centers
    • 111,982 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • R.V Chimney Services / General Contractor / Renovation Specialist

    Property Details for Pike & Bustleton Pike 2Nd Street Pike

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located in Crossroads Plaza, a vibrant strip center situated at the prominent intersection of Second Street Pike and Bustleton Pike in Richboro, Pennsylvania. The property boasts a total of 111,982 square feet of retail space, with a currently available unit of 1,511 square feet, perfect for a variety of businesses. The center enjoys high visibility and accessibility due to its strategic location in Bucks County, a thriving area with a strong consumer base. Ample parking is provided with 555 spaces, ensuring convenient access for customers and employees. The property is classified as a multi-tenant retail strip center, offering a dynamic and collaborative environment. The available space presents a unique chance to establish or expand a business in a well-established and highly trafficked retail location. This prime retail space is ready for immediate occupancy, offering a fantastic opportunity to capitalize on the strong retail presence in Richboro. The property's location provides easy access to major roadways, ensuring convenient access for both customers and employees. This is an excellent opportunity to secure a space in a thriving retail center in a desirable location. The 1,511 square foot space is immediately available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richboro
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.0126
    Latitude
    40.2084

    Comparable in this City

    • Value Estimation
      $840,000
      5,414 SF

      51 Almshouse Rd

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    • Value Estimation
      $635,000
      2,500 SF

      800 Bustleton Pike

      SHOPPING CENTER, STRIP CENTER
      800 Bustleton Pike, Richboro, PA 18954-1360
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    • Value Estimation
      $8,325,000
      50,725 SF

      1025 2nd St Pike

      SHOPPING CENTER, STRIP CENTER
      1025 2nd St Pike, Richboro, PA 18954-1803
      View Details
    • Value Estimation by Request

      851 Bustleton Pike

      Office Spaces
      851 Bustleton Pike, Richboro, PA 18954
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    • Value Estimation by Request
      1,575 SF

      911 2nd St Pike

      FINANCIAL BUILDING
      911 2nd St Pike, Richboro, PA 18954-1526
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    • Value Estimation by Request
      2,940 SF

      15 Newtown Richboro Rd

      FINANCIAL BUILDING
      15 Newtown Richboro Rd, Richboro, PA 18954-1724
      View Details

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      Richboro Office/Studio Space Available

      684 SF office/studio space in prime Richboro location.
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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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