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Historic Stone Office Building
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100 W Laurel Avenue, Cheltenham, PA 19012

Unique 3-story office building with carriage house on 15+ acres.

Property Size38,230 SF
Days on Market331

Property Features for 100 W Laurel Avenue

General Information

Standard status Active
Size 38,230 SF
Class B
Property subtype Office
Lease Term NNN

Building Details

Building Size 38,230 SF
Year Built 1930

Properties For Sale

at 100 W Laurel Avenue
100 W. Laurel Avenue
Size 23,715 SF
Type Office Building
Term Negotiable
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Listing Agency: SVN | Ahia
Listed By: Chichi E. Ahia, SIOR · License #PA #RM423727
Source: Svn
Added: Nov 21, 2025 Changed: Oct 10 Last Checked: Oct 16 at 8:07AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Ahia

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Investment Insights

Based on property information with market context.

This unique, 3-story professional office building with a carriage house offers dramatic presentation and versatility. The stone buildings measure approximately 38,230 square feet and are situated on a 15+ acre wooded campus shared with the AstraZeneca Hope Lodge of the American Cancer Society. The property has a historic presentation in a park-like environment set far back from the main road. Originally built as a convent circa 1930, the improvements allow for adaptive reuse to a number of other permitted uses. The current allocation provides for numerous private offices and conference rooms, 14 bathrooms, and elevator access. The building has 350 KVA (secondary service: 3 phase, 4 wire, 120/208 volts), with emergency generators for lighting and a special back-up system for computer operations. The property offers privacy and easy access to various roads. It allows for a single entity or multiple occupants/tenants. Potential uses include professional, institutional and municipal offices, co-working facilities, schools and/or educational centers, medical and hospital facilities and other recreational uses. The building has a basement of 9,569 sf, a 1st Floor of 15,205 sf, a 2nd Floor of 11,676 sf, and a 3rd Floor of 1,780 sf. The property has well-kept, manicured grounds, a well-distributed floor plan, ample existing parking with significant expansion possibilities, and creative space with adaptive reuse opportunities. It is located on W. Laurel Avenue, less than 1 block from Cottman Avenue (PA Route 73) in Cheltenham, Montgomery County. Route 73 provides East to West linkages between Central Montgomery County and Northeast Philadelphia and is approximately two miles away from Route 611 which provides North to South linkages from Eastern Montgomery County to Philadelphia and Bucks County. It is 5 miles to/from Center City Philadelphia and has a strong demographic profile.

Key Highlights

  • 38,230 SF stone building with historic presentation on a 15+ acre park‑like campus.
  • Adaptive reuse opportunities for professional, institutional, medical, educational, or recreational uses.
  • Convenient access to Route 73 and Route 611, and 5 miles to Center City Philadelphia.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$601,039
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,020,780 $12.0M
Cap Rate 7%
$8,586,271 $8.6M
Cap Rate 9%
$6,678,211 $6.7M
Market Conditions
NOI Build-Up for 38,230 SF
Gross rent
$995.5K $26.04/SF
− Vacancy
−$194.1K −$5.08/SF
EGI
$801.4K $20.96/SF
− OpEx
−$200.3K −$5.24/SF
NOI
$601.0K $15.72/SF
Area
Montgomery County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,020,780
Cap Rate 7%
$8,586,271
Cap Rate 9%
$6,678,211

Alternative Uses

Best Use
Office B
$8.59M
$7.51M – $10.02M (±1% cap)
NOI $601,039 @ 7.0% cap · market cap 12,020,780.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$21.99M
$19.24M – $25.66M (±1% cap)
NOI $1,539,321 @ 7.0% cap · market cap 30,786,420.00%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Parking Lot & Garage Bakery Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,216
Businesses Nearby

Demographics for 19012, PA

6,699
Population
2,314
Households
2.9
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
1.7 sq mi
ZIP Area
3,941
Density / Sq Mi
$117,614
Median Household Income
$53,216
Median Earnings
$1,226
Median Rent
$320,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office building - Unique 3-story office building with carriage house on 15+ acres.
Where is this office building located?
The property is located at 100 W Laurel Avenue Cheltenham, PA.
What are key features of this property?
This property features: 38,230 SF stone building with historic presentation on a 15+ acre park‑like campus.; Adaptive reuse opportunities for professional, institutional, medical, educational, or recreational uses.; Convenient access to Route 73 and Route 611, and 5 miles to Center City Philadelphia.
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