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    101 N PROVIDENCE RD Wallingford, PA 19086

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    Claim this Listing
    For Sale
    $1,350,000

    Commercial/Industrial - WALLINGFORD, PA

    Added:
    May 24, 2024
    Days on Market:
    698
    Last Refresh:
    Apr 21 at 5:06 pm

    Property Features for 101 N PROVIDENCE RD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    26636

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1921
    Building materials
    Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Mulholland

    Listing agent Mike Mulholland

    Listing office Media 1109 W Baltimore Pike, Suite E, PA

    Listing date May 24, 2024

    MLS# PADE2068144 Listing URL

    Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wallingford Office Building For Sale

    This 6,100 square foot office building, constructed in 1921 of stone and steel, is located in Wallingford, PA, near Media Borough and the Blue Route. The property offers exceptional visibility and two-street frontage. It features on-site parking for 15 vehicles, a small outside eating area, and mature trees. The building is conveniently located next to a Septa bus 118 stop and near the Septa R-3 Commuter Rail Station in Wallingford. The ground floor includes 10 offices, four cubicles, a reception area, baths, and a coffee station. An 11th office overlooks the main floor. The lower level contains a large conference room, a gym, 2 locker rooms, a kitchenette, a laboratory, and storage space. A new HVAC system was installed in 2023, and a French drain was recently installed. The property is currently under lease to an engineering firm, with the lease extending until at least December 2024 and a lease termination date of June 2025. The property is suitable for investment or owner-occupied office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gillespie Group Marketing & Advertising Minsec Co Medical Clinic EMG International, LLC Environmental Engineer Mc Dougall Marsini ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wallingford
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.37585
    Latitude
    39.90503

    Nearby Similar for Sale

    • $1,350,000

      Wallingford Office Building For Sale

      Iconic 6100 sq ft office building with excellent visibility.
      101 N PROVIDENCE Road, WALLINGFORD, PA 19086
      View Details
    • $1,350,000
      6,100 SF

      Wallingford Office Building For Sale

      Iconic 6,100 SF office building with parking and great visibility.
      101 N PROVIDENCE ROAD, WALLINGFORD, PA 19086
      View Details

    FAQs

    What type of property is this?
    Office building - Iconic 6,100 sq ft office building with parking.
    Where is this office building located?
    The property is located at 101 N PROVIDENCE RD Wallingford, PA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: High‑visibility location in Wallingford with two‑street frontage, ideal for investment or owner‑occupied office.; Substantial 6100 sq ft office building featuring 10 offices, conference room, gym, and laboratory.; On‑site parking for 15 vehicles with an outside eating area and mature trees.
    (888) 536-0216
    We can help!
    Listing Contact
    Mike Mulholland
    Learn More
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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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