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    1509 Main St Warrington, PA 18976
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    Property profile & analytics

    1509 Main St Warrington, PA 18976

    View on Map
    • Commercial real estate
    • 20,500 SF
    • 37.79 lot acres
    For Lease
    $3,445,000
    View Listing →
    Dominant Lifestyle Center Retail Space For Lease
    $3,445,000
    1,770 SF

    Dominant Lifestyle Center Retail Space

    Retail space available in a dominant lifestyle center.

    701 Easton Rd, Warrington, PA
    View Listing
    Property ID
    US73-2678606
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    7%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1509 Main St

    Year built
    2007
    Lot size
    37.79 lot acres
    Property size
    20,500 SF
    Property type
    Commercial real estate
    APN
    50-031-034-001
    APU
    50031034001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,977,000
      Market price range: $2.24M - $3.98M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,905,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $5,600,000
      Change: +14% Conversion: Moderate
      MEDICAL BUILDING
      $5,060,000
      Change: +3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,765,000
      Change: -3% Conversion: Difficult
      OFFICE BUILDING
      $4,245,000
      Change: -13% Conversion: Easy
      RETAIL STORES
      $4,060,000
      Change: -17% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Warrington
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.1358
    Latitude
    40.2314
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $821,852
    $1,234,530
    $3,217,540
    $4,452,070
    -
    $16,911,296
    $44,075,696
    $60,986,992

    Comparable in this City

    • Value Estimation by Request
      0.44 Acres

      St Rd

      COMMERCIAL (GENERAL) • 0.44 Acres
      St Rd, Warrington, PA 18976
      View Details
    • Value Estimation by Request

      7 Easton Rd

      COMMERCIAL CONDOMINUIM
      7 Easton Rd, Warrington, PA 18976-2515
      View Details
    • Value Estimation by Request
      1,510 SF

      25 Easton Rd

      COMMERCIAL CONDOMINUIM • 1,510 SF
      25 Easton Rd, Warrington, PA 18976-2515
      View Details
    • Value Estimation
      $5,400,000
      52,985 SF

      100 Easton Rd

      COMMERCIAL CONDOMINUIM • 52,985 SF
      100 Easton Rd, Warrington, PA 18976-2513
      View Details
    • Value Estimation by Request
      1,469 SF

      1111 Easton Rd Ste, Unit 19

      COMMERCIAL CONDOMINUIM • 1,469 SF
      1111 Easton Rd Ste, Warrington, PA 18976-1845
      View Details
    • Value Estimation by Request
      1,478 SF

      1111 Easton Rd Ste, Unit 22

      COMMERCIAL CONDOMINUIM • 1,478 SF
      1111 Easton Rd Ste, Warrington, PA 18976-1845
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Warrington, PA

      Retail space available in high-traffic Warrington shopping center.
      Easton Rd & St Rd, Warrington, PA 18976
      View Details
    • Contact for pricing
      1.00 Acre

      Warrington Office Suite - Prime Location

      High-traffic area, professional office space available.
      1214 Easton Rd, Warrington, PA 18976
      View Details
    • $1,350,000

      Retail Building with Drive-Thru

      Large retail building on 1.16 acres with drive-thru.
      880 Easton Rd, Warrington, PA 18976
      View Details
    • $1,350,000

      Retail Building on Easton Road

      Large building on 1.16 acres with drive-thru.
      880 Easton Rd, Warrington, PA 18976
      View Details
    • Contact for pricing
      3.01 Acres

      Warrington Industrial Building

      17,600 SF Industrial Building, 3 Acres
      250 Titus Avenue, Warrington, PA 18976
      View Details
    • Contact for pricing

      without the high overhead and risks of a traditional storefront. Here

      you\u00e2\u0080\u0099ll enjoy a range of amenities with your weekly fee
      377 Easton Rd, Warrington, PA 18976
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Approximately 1,350 SF retail space available for lease.
      211 Easton Rd, Warrington, PA 18976
      View Details
    • Contact for pricing
      39,000 SF

      Warrington Office Space Available

      39,000 sqft office space for rent in Warrington, PA.
      847 Easton Rd, Warrington, PA 18976
      View Details
    • $4,400 /Mo

      Industrial Space Near Easton Road

      Warrington industrial space featuring high ceilings and multiple overhead doors.
      262 Titus Ave, Warrington, PA 18976
      View Details
    • Contact for pricing
      1,770 SF

      Dominant Lifestyle Center Retail Space

      Retail space available in a dominant lifestyle center.
      1509 Main St, Warrington, PA 18976
      View Details
    • Contact for pricing
      3,854 SF

      Retail Pad Sites on Route 611

      Highly visible retail spaces with strong co-tenancy and access.
      Easton Rd, Warrington, PA 18976
      View Details
    • Contact for pricing

      Land with High Traffic Visibility

      Land with strong visibility and flexible layout options.
      20 Easton Rd, Warrington, PA 18976
      View Details
    View Listing
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    1509 Main St
    Warrington, PA 18976
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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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    1509 Main St, Warrington, PA, 18976
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