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    2506 Knights Rd Bensalem, PA 19020
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    2506 Knights Rd, Bensalem, PA 19020

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    • Strip malls
    • 70,908 SF
    • 11.02 lot acres
    For Lease
    $8,095,000
    View Listing →
    Retail Space Available For Rent For Lease
    $8,095,000
    9,900 SF

    Retail Space Available For Rent

    9,900 square foot retail space available for rent.

    2506 Knights Road, Bensalem, PA 19020
    View Listing
    Property ID
    US73-2098530
    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
    Location Intelligence

    Current Use by 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

    Property Details for 2506 Knights Rd

    Year built
    1984
    Lot size
    11.02 lot acres
    Zone code
    HC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    02-036-296
    APU
    2036296

    Sales History

    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 $75M · Bank Of America
    Sep 28, 2010 — Extra Space Of Knights Road LLC — Deed Of Trust · related $50M · Bank Of America
    Mar 20, 2009 — Extra Space Of Knights Road LLC — Deed Of Trust · related $50M · Bank Of America
    Nov 16, 2005 — Bensalem Square Cw Krt Property Holdings LLC Grant Deed —
    — — Premier Storage Solutions Of S — Deed Of Trust · related $2.7M · National Penn Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $12,840,000
      Current use
      RETAIL STORES
      $12,890,000
      Change: +0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bensalem
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.957
    Latitude
    40.101
    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
    $175,251
    $327,440
    $475,360
    $802,800
    -
    $4,485,460
    $6,511,753
    $10,997,213

    Comparable in this City

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      $9,315,000
      74,270 SF

      2838 St Rd

      SHOPPING CENTER, STRIP CENTER
      2838 St Rd, Bensalem, PA 19020-2651
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    • Value Estimation
      $1,030,000
      6,768 SF

      2320 St Rd

      SHOPPING CENTER, STRIP CENTER
      2320 St Rd, Bensalem, PA 19020-3502
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    • Value Estimation
      $1,210,000
      12,200 SF

      654 St Rd

      SHOPPING CENTER, STRIP CENTER
      654 St Rd, Bensalem, PA 19020-7321
      View Details
    • Value Estimation
      $5,815,000
      53,900 SF

      2201 Galloway Rd

      SHOPPING CENTER, STRIP CENTER
      2201 Galloway Rd, Bensalem, PA 19020-2917
      View Details
    • Value Estimation
      $10,070,000
      88,583 SF

      2040 St Rd

      SHOPPING CENTER, STRIP CENTER
      2040 St Rd, Bensalem, PA 19020-3756
      View Details
    • Value Estimation
      $11,570,000
      123,574 SF

      800 Rockhill Dr

      SHOPPING CENTER, STRIP CENTER
      800 Rockhill Dr, Bensalem, PA 19020-1628
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space Near Major Retailers

      Retail space available near major retailers and transportation routes.
      2601-2647 Street Rd, Bensalem, PA 19020
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      Retail Space Near PA Turnpike

      Retail property for sale, close to the PA Turnpike.
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      9,000 SF

      Waterfront Restaurant and Inn Opportunity

      Three buildings with development potential near Delaware River.
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      1.27 Acres

      Bensalem Retail Space - I-95 Access

      High-traffic retail space, immediate lease.
      2807 Bristol Pike, Bensalem, PA 19020
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      3,400 SF

      Waterfront Restaurant and Residential Investment

      Three building investment opportunity near Delaware River with development potential.
      1031 Totem Rd, Bensalem, PA 19020
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      Established Auto Body Shop For Sale

      Profitable auto body shop with equipment in high-traffic location.
      2531 Street Rd, Bensalem, PA 19020
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    Similar Nearby for Lease

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      Retail Space in Densely Populated Area

      Retail space for rent in a densely populated area.
      959 Bristol Pike, Andalusia, PA 19020
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      2,000 SF

      Retail Space in Marten Commons

      Retail space available in busy Bensalem shopping center.
      2325-2353 Street Rd, Bensalem, PA 19020
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      10,000 SF

      Restaurant Building Near Parx Casino

      Restaurant building for lease near major transportation routes and casino.
      2900 Street Rd, Bensalem, PA 19020
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      5,000 SF

      Bensalem Retail and Office Space

      Retail and office spaces available for lease in Bensalem, PA.
      1336 Bristol Pike, Bensalem, PA 19020
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    • Contact for pricing
      21,436 SF

      Bensalem Retail Space Available

      Retail space available for lease in Bensalem, Pennsylvania.
      1748 Street Rd, Bensalem, PA 19020
      View Details
    • Contact for pricing
      9,900 SF

      Retail Space Available For Rent

      9,900 square foot retail space available for rent.
      2506 Knights Rd, Bensalem, PA 19020
      View Details
    View Listing
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    Bensalem, PA 19020
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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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