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

    620 Ctr Ave Bensalem, PA 19020-6507

    • Retail space
    • 4,608 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1609010
    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

    • Retail space

    Property Details for 620 Ctr Ave

    Year built
    1964
    Lot size
    1.01 lot acres
    Property size
    4,608 SF
    Zone code
    MI
    Property type
    Retail space
    APN
    02-066-086-003
    APU
    2066086003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,115,000
      6.5%
      $1,030,000
      7%
      $955,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $965,000
      Market price range: $563k - $1.23M
      AI Estimate
      $768,000
      Market price range: $297k - $1.08M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $840,000
      Current use
      OFFICE BUILDING
      $1,140,000
      Change: +36% Conversion: Easy
      MEDICAL BUILDING
      $1,135,000
      Change: +36% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,100,000
      Change: +32% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,070,000
      Change: +28% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $835,000
      Change: -0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Bensalem
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.9283
    Latitude
    40.0799
    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
    $13,185
    $30,760
    $29,640
    $60,400
    -
    $421,368
    $406,026
    $827,394

    Comparable in this City

    • Value Estimation
      $760,000
      6,250 SF

      3955 Bristol Pike

      RETAIL STORES (PERSONAL SERVICES) • 6,250 SF
      3955 Bristol Pike, Bensalem, PA 19020-5924
      View Details
    • Value Estimation by Request
      2,000 SF

      942 10th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      942 10th Ave, Bensalem, PA 19020
      View Details
    • Value Estimation
      $880,000
      3,132 SF

      2101 St Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,132 SF
      2101 St Rd, Bensalem, PA 19020-2999
      View Details
    • Value Estimation by Request
      1,980 SF

      1564 Bristol Pike

      RETAIL STORES (PERSONAL SERVICES) • 1,980 SF
      1564 Bristol Pike, Bensalem, PA 19020-3601
      View Details
    • Value Estimation by Request
      1.03 Acres

      2636 Bristol Pike

      RETAIL STORES (PERSONAL SERVICES) • 1.03 Acres
      2636 Bristol Pike, Bensalem, PA 19020-5366
      View Details
    • Value Estimation by Request
      2,273 SF

      1120 Bristol Pike

      RETAIL STORES (PERSONAL SERVICES) • 2,273 SF
      1120 Bristol Pike, Bensalem, PA 19020-5683
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property For Sale

      Retail property for sale in a densely populated area.
      3805 Neshaminy Blvd, Bensalem, PA 19020
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near PA Turnpike

      Retail property for sale, close to the PA Turnpike.
      2363 Pasqualone Blvd, Bensalem, PA 19020
      View Details
    • Contact for pricing
      2.25 Acres

      Street Road Plaza: Bensalem Retail Land

      2.25-acre retail land, prime Bensalem location.
      2601 Street Rd, Bensalem, PA 19020
      View Details
    • Contact for pricing
      39,300 SF

      Bensalem Industrial/Office/Garage Space Available

      Industrial, office, and garage space available in Bensalem, Pennsylvania.
      304 Camer Dr, Bensalem, PA 19020
      View Details
    • $10,000,000
      53,000 SF

      Bensalem Retail Center Investment

      High-Occupancy Shopping Center, Excellent Location
      2201 Galloway Rd Galloway Rd, Bensalem, PA 19020
      View Details
    • Contact for pricing
      5,535 SF

      Bensalem Restaurant - Turnkey Opportunity

      Prime Restaurant Space, High Visibility, 5,535 SF
      1369 Bristol Pike, Bensalem, PA 19020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Bensalem Retail and Office Space

      Retail and office spaces available for lease in Bensalem, PA.
      1336 Bristol Pike, Bensalem, PA 19020
      View Details
    • $2,500 /Mo

      Retail Space in Bensalem Center

      Retail space for lease in a busy shopping center.
      5405 Neshaminy Blvd, Bensalem, PA 19020
      View Details
    • $1,675 /Mo
      60,548 SF

      High-Visibility Retail Storefront on Street Road

      Prime retail space with high traffic and flexible layout.
      3540 Street Rd, Bensalem, PA 19020
      View Details
    • Contact for pricing
      3,600 SF

      Bensalem Retail Space for Lease

      Prime Bucks County location, 3600 sq ft bank building
      2100 Street Rd, Bensalem, PA 19020
      View Details
    • Contact for pricing

      Retail Space Near Giant Supermarket

      Retail space for lease near major traffic routes and supermarket.
      2601-2647 Street Rd, Bensalem, PA 19020
      View Details
    • Contact for pricing
      10,000 SF

      Restaurant Building Near Parx Casino

      Restaurant building for lease near major transportation routes and casino.
      2900 Street Rd, Bensalem, PA 19020
      View Details
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    620 Ctr Ave
    Bensalem, PA 19020-6507
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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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