363 HOLMES Road, Holmes, PA 19043
MULTI_FAMILY - Other - HOLMES, PA
- Added:
- Jun 22, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 23 at 12:06 pm
Property Features for 363 HOLMES Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 3
- Parking features
- Garage - Attached, Driveway
- Standard status
- Active
- Size
- 1,080 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6668
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agent Jason Karian License #RS193444L (215) 783-7634
Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA (610) 520-0100
Listing date Jun 22, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Brick mixed‑use property at 363 Holmes Road in the Ridley Farms neighborhood (built 1950).
- Main level: vacant former dental office with a half bath, ready for professional/office use.
- Second‑floor apartment: 1 bedroom, 1 full bathroom, currently vacant.
- Separate electric service with common heat, central air, and hot water.
- Parking includes driveway space and an attached built‑in one‑car garage.
- Per Ridley Township, buyers may be able to pursue a variance to convert the first‑floor commercial space into an additional residential unit (estimated approval timeline 30–45 days).
Overview
The asset is located at 363 Holmes Road in the Ridley Farms neighborhood of Holmes, Pennsylvania, in Delaware County. Buyers are directed to Ridley Township guidance for potential flexibility regarding how the space can be used. Public remarks indicate that a variance may be available to convert the first-floor commercial space into an additional residential unit, with an estimated approval timeline of approximately 30–45 days.
For tenants and buyers looking for a live-work setup or a property that can support both professional and residential use, the configuration provides immediate occupancy options on both levels. The on-site parking and garage can support day-to-day convenience for residents and office users, while the separate electric service can help simplify utility allocation. Prospective buyers should confirm all use and conversion requirements with Ridley Township as part of due diligence.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.5k | $26.40 |
| − Vacancy | −$4.9k | −$4.54 |
| EGI | $23.6k | $21.86 |
| − OpEx | −$5.9k | −$5.46 |
| NOI | $17.7k | $16.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Holmes
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.3103
- Latitude
- 39.90015
