Back to Search
Property profile & analytics
FOR LEASE
Strip malls
2506 Knights Rd Bensalem, PA 19020
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-2098530
For Lease
1 / 2
$8,095,000
2506 Knights Rd, Bensalem, PA 19020
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Total area
70,908 SF
Lot
11.02 ac (480,205 SF)
Zoning code
HC
APN
02-036-296
UPID
US73-2098530
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Redner's Warehouse Markets Grocery & Convenience Store Food Market
-
Michael C. Keenan, RPH Pharmacy
-
Colleen Yukanis, RPH Pharmacy
-
Margo Bitcoin ATM Atm Crypto Atm
-
Coinstar Kiosk | Bitcoin ATM Shopping Center & Mall (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.10M
Owner & transaction history
Bensalem Square Shopping Center LLC · 6 yrs held
Bensalem Square Shopping Center LLC
since 2019
6 recorded transactions
Zoning & alternative use
HC · Bensalem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.9M
+0.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bensalem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bensalem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$12,840,000
Current use
RETAIL STORES
$12,890,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$8.10M
Range $7.29M – $8.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$114 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$175,251
Tax year 2024
Assessed value
$802,800
Assessed 2024
Previous assessed
$802,800
+0.0% YoY
Effective rate
21.83%
On assessed value
Assessed land
$327,440
Assessed improvement
$475,360
Land market value
$4,485,460
Improvement market value
$6,511,753
Total market value
$10,997,213
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1984
Heating
CENTRAL
Cooling
YES
Stories
1
Total area
70,908 SF
Lot
11.02 ac (480,205 SF)
Zoning code
HC
APN
02-036-296
UPID
US73-2098530
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
HC · Bensalem, PA
Zoning HC · permitted uses
HC · Bensalem, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bensalem. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$12.8M
RETAIL STORES
Est. value
$12.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
11.02 ac
Current owner
From public records · entity-resolved
Bensalem Square Shopping Center LLC
Entity
Mailing address
4950 DUNHAM DR, READING, PA 19606-9091
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2019
$8,690,000
Bensalem Square Shopping Center LLC
Cw Bensalem Square LP
Deed
—
Nov 2, 2011
—
Extra Space Of Knights Road LLC
—
Deed Of Trust
related
$75,000,000 · Bank Of America
Sep 28, 2010
—
Extra Space Of Knights Road LLC
—
Deed Of Trust
related
$50,000,000 · Bank Of America
Mar 20, 2009
—
Extra Space Of Knights Road LLC
—
Deed Of Trust
related
$50,000,000 · Bank Of America
Nov 16, 2005
—
Bensalem Square Cw
Krt Property Holdings LLC
Grant Deed
—
—
—
Premier Storage Solutions Of S
—
Deed Of Trust
related
$2,730,000 · National Penn Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
