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

    93 Main St Sellersville, PA 18960-2524

    • Auto shops
    • 2,740 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Jun 07, 2023
    $630,000
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0692209
    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

    • McElhare's Service Center / Auto Repair Shop / Car Repair And Maintenance Service

    Property Details for 93 Main St

    Year built
    1935
    Lot size
    0.31 lot acres
    Property size
    2,740 SF
    Zone code
    NC
    Property type
    Auto shops
    APN
    39-005-287
    APU
    39005287

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $660,000
      ML approach
      $665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $528,000
      Market price range: $349k - $950k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $635,000
      Current use
      MEDICAL BUILDING
      $675,000
      Change: +6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $655,000
      Change: +3% Conversion: Moderate
      OFFICE BUILDING
      $565,000
      Change: -11% Conversion: Difficult
      RETAIL STORES
      $545,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sellersville
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -75.3066
    Latitude
    40.3573
    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
    $5,919
    $16,800
    $14,400
    $31,200
    -
    $230,136
    $197,259
    $427,395

    Comparable in this City

    • Value Estimation
      $510,000
      6,570 SF

      Bethlehem Pike

      AUTO REPAIR, GARAGE • 6,570 SF
      Bethlehem Pike, Sellersville, PA 18960
      View Details
    • Value Estimation by Request
      1.34 Acres

      1012 Bethlehem Pike

      AUTO REPAIR, GARAGE • 1.34 Acres
      1012 Bethlehem Pike, Sellersville, PA 18960-1424
      View Details
    • Value Estimation by Request
      2,520 SF

      1005 Old Bethlehem Pike

      AUTO REPAIR, GARAGE • 2,520 SF
      1005 Old Bethlehem Pike, Sellersville, PA 18960-1802
      View Details
    • Value Estimation
      $680,000
      6,888 SF

      104 Park Ave

      AUTO REPAIR, GARAGE • 6,888 SF
      104 Park Ave, Sellersville, PA 18960-2545
      View Details
    • Value Estimation
      $855,000
      4,175 SF

      801 Bethlehem Pike

      AUTO REPAIR, GARAGE • 4,175 SF
      801 Bethlehem Pike, Sellersville, PA 18960-1660
      View Details
    • Value Estimation
      $840,000
      21,978 SF

      1114 Bethlehem Pike

      AUTO REPAIR, GARAGE • 21,978 SF
      1114 Bethlehem Pike, Sellersville, PA 18960
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,539 SF

      Sellersville Bank Building For Sale/Lease

      Prime Retail Space, High Visibility Location
      835 Lawn Ave, Sellersville, PA 18960
      View Details
    • Contact for pricing

      Sellersville Retail Space - Main Street

      High-visibility retail space, ample parking.
      209 Main St, Sellersville, PA 18960
      View Details
    • $399,900
      2,400 SF

      Adaptable Commercial Property on Ridge Road

      Versatile 2.21-acre property suitable for retail, workshop, or expansion.
      719 Ridge Rd, Sellersville, PA 18960
      View Details
    • $315,000
      2.86 Acres

      Sellersville Commercial Land - Prime Location

      2.86 Acres, Development Ready, Excellent Access
      Forrest Rd, Sellersville, PA 18960
      View Details
    • $374,900
      0.79 Acres

      Residential Land in Sellersville, PA

      New home lot with water view in Park Hill Estates.
      96 Liberty Trl, Sellersville, PA 18960
      View Details
    • $1,375,000

      Turnkey Multifamily Property in Bucks County

      Fully renovated, 7-unit multifamily property with verified income and new tenants.
      403 Washington Ave, Sellersville, PA 18960
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo

      New Warehouse with 14' Ceilings

      80' x 50' warehouse with heat/AC, spray foam insulation.
      904 Ridge Rd, Sellersville, PA 18960
      View Details
    • $21 SF/Yr
      5,184 SF

      Sellersville Retail Space - Main Street

      Prime Sellersville retail space, high visibility.
      209 Main St, Sellersville, PA 18960
      View Details
    • Contact for pricing
      1,539 SF

      Sellersville Retail Space - Prime Location

      Bank Building, 1539 sq ft, Ample Parking
      835 Lawn Ave, Sellersville, PA 18960
      View Details
    • Contact for pricing
      2,645 SF

      Sellersville Executive Office Space

      Prime Bucks County Office, 2645 sq ft
      96 Main St, Sellersville, PA 18960
      View Details
    • $6,000 /Mo

      Prime Retail Space in Sellersville

      Exceptional leasing opportunity in Sellersville with high visibility and foot traffic.
      209 N Main St, Sellersville, PA 18960
      View Details
    • $2,200 /Mo
      1,340 SF

      Sellersville Home with Fenced Backyard

      Affordable Sellersville home featuring renovated kitchen and private fenced backyard.
      526 Barrington Ct, Sellersville, PA 18960
      View Details
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    93 Main St
    Sellersville, PA 18960-2524
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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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