Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    517 Walnut St Perkasie, PA 18944-1345
    Back to Search
    Property profile & analytics

    517 Walnut St, Perkasie, PA 18944-1345

    View on Map
    • Commercial real estate
    • 1,768 SF
    • 0.09 lot acres
    Off-Market
    Last Sale Apr 27, 2022
    $325,000
    Property ID
    US73-5772723
    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

    • Olde Towne Convenience / Grocery & Convenience Store

    Property Details for 517 Walnut St

    Year built
    1920
    Lot size
    0.09 lot acres
    Zone code
    C2
    Property type
    Commercial real estate
    APN
    33-005-161
    APU
    33005161

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 27, 2022 $325,000 Virasu & Sons LLC Michael J Mcdevitt Deed —
    Apr 11, 2005 $230,000 Michael J Mcdevitt Richard Flexer Deed $150k · First Savings Bank Of Perkasie

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Perkasie
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.2969
    Latitude
    40.3725
    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
    $2,407
    $3,480
    $10,520
    $14,000
    -
    $47,671
    $144,109
    $191,780

    Comparable in this City

    • Value Estimation by Request
      6.00 Acres

      1200 Rdg Rd

      COMMERCIAL (GENERAL)
      1200 Rdg Rd, Perkasie, PA 18944-2221
      View Details
    • Value Estimation by Request
      0.16 Acres

      3rd St

      COMMERCIAL (GENERAL)
      3rd St, Perkasie, PA 18944
      View Details
    • Value Estimation by Request

      Arch St

      COMMERCIAL (GENERAL)
      Arch St, Perkasie, PA 18944
      View Details
    • Value Estimation by Request
      0.06 Acres

      601 Walnut St

      COMMERCIAL (GENERAL)
      601 Walnut St, Perkasie, PA 18944-1336
      View Details
    • Value Estimation by Request
      2,456 SF

      6 4th St

      COMMERCIAL (GENERAL)
      6 4th St, Perkasie, PA 18944-1810
      View Details
    • Value Estimation
      $825,000
      5,900 SF

      15 7th St

      COMMERCIAL (GENERAL)
      15 7th St, Perkasie, PA 18944-1410
      View Details

    Similar Nearby for Sale

    • $179,900
      1,222 SF

      Downtown Perkasie Commercial Building

      Renovated 1,222 sq ft building in thriving location.
      100 7Th St, Perkasie, PA 18944
      View Details
    • $450,000
      1.10 Acres

      Vacant Commercial Land on Route 313

      Vacant commercial land suitable for restaurant or other business.
      1167 Dublin Pike, Perkasie, PA 18944
      View Details
    • Contact for pricing

      Commercial Building on 4.9 Acres

      9200 SF commercial building on 4.9 acres for sale.
      400 Branch Rd, Perkasie, PA 18944
      View Details
    • $450,000

      Vacant Commercial Land on Route

      Vacant commercial land suitable for restaurant or other business.
      1167 Dublin Pike, Perkasie, PA 18944
      View Details
    • $470,000
      2,540 SF

      Perkasie Borough Two-Unit Farmhouse

      c1880's farmhouse with two units and detached garage.
      327 North 5Th St, Perkasie, PA 18944
      View Details
    • New
      $470,000
      2,540 SF

      Perkasie Borough Two-Unit Farmhouse

      Two-unit farmhouse with detached garage/barn in Perkasie, PA.
      327 N 5Th St, Perkasie, PA 18944
      View Details

    Similar Nearby for Lease

    • $5,750 /Mo

      Prime Commercial Space in Perkasie

      3,000 sq ft commercial space in Perkasie's historic district.
      601 W Market St, Perkasie, PA 18944
      View Details
    • Contact for pricing
      10,912 SF

      Perkasie Warehouse Space Available

      10,912 SF warehouse space for rent in Perkasie, PA.
      431 Deep Run Rd, Perkasie, PA 18944
      View Details
    • Contact for pricing
      1,500 SF

      Retail/Restaurant Spaces with Drive-Thru

      Retail or restaurant spaces available with drive-thru and outdoor seating.
      N 5Th St, Perkasie, PA 18944
      View Details
    • Contact for pricing
      500 SF

      Retail Space Near Educational Hub

      Well-maintained retail spaces suitable for various commercial uses.
      1133-1143 Blooming Glen Rd, Perkasie, PA 18944
      View Details
    • $5,000 /Mo

      Prime Commercial Space in Perkasie

      3,000 sq ft space in Perkasie's historic district.
      601 W Market St, Perkasie, PA 18944
      View Details
    • $2,400 /Mo

      Barn with Office Space

      40 X 60 barn with milk house office.
      34 Fretz Rd, Perkasie, PA 18944
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    517 Walnut St
    Perkasie, PA 18944-1345
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    517 Walnut St, Perkasie, PA, 18944
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!