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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3331 Street Rd Bensalem, PA 19020

    • Office buildings
    • 85,888 SF
    • 3.37 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Last Sale
    Mar 13, 2024
    $12,500,000
    Value Estimations
    $12,630,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1523190
    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.

    Current Use by Public Records

    • New Heights Chiropractic & Wellness / Nutritionist / Medical Spa
    • American Families United / Social Services Organization / Insurance
    • Walder & Zaslow / Attorney
    • Bankers Life / Financial Planner / Insurance Agency
    • Gannon Insurance Agency Inc / Insurance Agency / Life Insurance Agency

    Property Details for 3331 Street Rd

    Year built
    1987
    Lot size
    3.37 lot acres
    Property size
    85,888 SF
    Zone code
    CS
    Property type
    Office buildings
    APN
    02-001-065
    APU
    2001065

    Description

    Greenwood Square, located at 3331 Street Rd in Bensalem, Pennsylvania (zip code 19020), offers a prime retail opportunity in Bucks County. This multi-tenant commercial property boasts a total of 16,155 square feet, with the entire space currently available for lease. The property is ideal for a variety of retail uses, offering flexible space options. Businesses can lease a minimum of 3,500 square feet, up to the entire 16,155 square feet contiguous space. This presents a unique chance for a single tenant to occupy the entire building or for multiple tenants to occupy portions of the space. The property's location in Bensalem provides excellent visibility and accessibility, making it an attractive option for businesses seeking high foot traffic and convenient access for customers. The address is easily accessible from Street Road, a major thoroughfare in the area. This fully vacant retail space presents a blank canvas for a new business or an expansion opportunity for an existing one. Interested parties should inquire about lease terms and conditions. The property is situated at latitude 40.1204908 and longitude -74.9596915.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,500,000
      ML approach
      $12,500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,018,000
      Market price range: $10.4M - $31.2M
      AI Estimate
      $8,297,000
      Market price range: $5.73M - $18.6M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $20,550,000
      AUTO REPAIR, GARAGE
      $19,960,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bensalem
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.9592
    Latitude
    40.1205
    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
    $175,295
    $117,360
    $685,640
    $803,000
    -
    $1,607,664
    $9,392,288
    $10,999,952

    Comparable in this City

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      3,500 SF

      2307 Bristol Pike

      OFFICE BUILDING • 3,500 SF
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    • Value Estimation
      $295,000
      480 SF

      568 Bristol Pike

      OFFICE BUILDING • 480 SF
      568 Bristol Pike, Bensalem, PA 19020-6330
      View Details
    • Value Estimation
      $640,000
      30,240 SF

      2920 Forrest Ave

      OFFICE BUILDING • 30,240 SF
      2920 Forrest Ave, Bensalem, PA 19020-4258
      View Details
    • Value Estimation
      $340,000
      5,064 SF

      4802 Neshaminy Blvd

      OFFICE BUILDING • 5,064 SF
      4802 Neshaminy Blvd, Bensalem, PA 19020-1041
      View Details
    • Value Estimation
      $425,000
      2,002 SF

      2336 St Rd

      OFFICE BUILDING • 2,002 SF
      2336 St Rd, Bensalem, PA 19020-3502
      View Details
    • Value Estimation
      $345,000
      6,000 SF

      2721 Kate Ave

      OFFICE BUILDING • 6,000 SF
      2721 Kate Ave, Bensalem, PA 19020-2704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,000 SF

      Former Classroom/Admin Building For Sale

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      Turnkey Commercial Property in Bensalem

      Move-in ready office near Parx Casino with expansion potential.
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      0.58 Acres

      Bensalem Office Building - High Visibility

      Prime Bensalem location, versatile office space, high visibility.
      1526 Street Rd, Bensalem, PA 19020
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      Bensalem Office Space Available

      Prime Bensalem location, office space for lease.
      1542 Bristol Pike, Bensalem, PA 19020
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      4.00 Acres

      Bensalem Commercial Land Development

      Four-acre prime commercial lot, ideal for development.
      2555 Street Rd, Bensalem, PA 19020
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    • $390,000

      Move-In Ready Home with Updates

      Lovingly cared for home with updates, move-in ready condition.
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    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Class A Office Space Available

      Up to 12,000 SF of Class A office space for lease.
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      View Details
    • $2,000 /Mo

      Freestanding Building Near Philadelphia Border

      Freestanding building with parking near Philadelphia, available December 2024.
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      View Details
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      Bensalem Medical Office Building

      Prime Bucks County medical office space available
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      5,000 SF

      Bensalem Retail and Office Space

      Retail and office spaces available for lease in Bensalem, PA.
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      View Details
    • Contact for pricing
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      Bensalem Retail and Office Spaces

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    • Contact for pricing
      25,450 SF

      Bensalem Flex Space For Rent

      Flex space available for lease in Bensalem, Pennsylvania.
      350 Dunksferry Rd, Bensalem, PA 19020
      View Details
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    3331 Street Rd
    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.

    More about this property
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