Building Details

Year Built 1921

Listing Agency: LONG AND FOSTER REALTORS m***@sellingdelco.com Show Phone

Listed By: Michael Mulholland · License #RS277114 Show Phone

Source: Evrealestate

Added: May 24, 2024 Changed: Jul 10 Last Checked: Aug 6 at 4:25AM

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Investment Insights

Based on property information with market context.

This for-sale office building presents approximately 6,100 square feet of space at 101 N Providence Rd in Wallingford. The available information describes the property as a commercial office asset suitable for an office-oriented tenant or ownership plan. The offering size supports a range of office configurations, subject to final layout and occupancy requirements.

Access is described via major regional routing: from 476 to Baltimore Pike to Beatty Rd and then Providence Rd. The property is identified in Delaware County, with the address located at 101 N Providence Rd, Wallingford, PA 19086. Prospective buyers and tenants can use the provided directions to reach the site.

For buyers seeking an office building purchase, the property’s straightforward office designation and moderate total size may align with an owner-occupant or smaller-scale tenant need. Interested parties should review the space details and suitability for their intended operations, including any specific layout, access, and improvement requirements that are not addressed in the available summary.

Key Highlights

• Office building for purchase at 101 N Providence Rd in Wallingford (Delaware County)
• Approximately 6,100 SF office building
• Built in 1921

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$100,006

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.35%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,000,120 $2.0M

Cap Rate 7%

$1,428,657 $1.4M

Cap Rate 9%

$1,111,178 $1.1M

Market Conditions

NOI Build-Up for 6,100 SF 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.

Gross rent

$161.0K $26.40/SF

− Vacancy

−$27.7K −$4.54/SF

EGI

$133.3K $21.86/SF

− OpEx

−$33.3K −$5.46/SF

NOI

$100.0K $16.39/SF

Area

Delaware County, PA

Vacancy

17.20%

Lease Rate

$26.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$2,000,120

Cap Rate 7%

$1,428,657

Cap Rate 9%

$1,111,178

Alternative Uses

Best Use

Office B

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,006 @ 7.0% cap · market cap 8.35%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.85M

$1.62M – $2.16M (±1% cap)

NOI $129,462 @ 7.0% cap · market cap 10.81%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

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

Suggested Use

Top Pick Daycare Center Big Box & Wholesale Store Locksmith Tech Support Center Home Appliance Store Bakery

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

167

Businesses Nearby

Explore this area Business Placement

Demographics for 19086, PA

12,270

Population

4,570

Households

2.7

Avg Household Size

44

Median Age

66%

College-Educated

97%

High-School Grad

4.0 sq mi

ZIP Area

3,068

Density / Sq Mi

$143,762

Median Household Income

$82,466

Median Earnings

$1,788

Median Rent

$425,200

Median Home Value

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Office building available for purchase at 101 N Providence Rd in Wallingford, offering approximately 6,100 square feet.

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 $1,198,000.

What are key features of this property?

This property features: Office building for purchase at 101 N Providence Rd in Wallingford (Delaware County); Approximately 6,100 SF office building; Built in 1921