Renovated Ground-Level Office
For Sale
$125,000
107 RUTGERS AVENUE, Swarthmore, PA 19081
Ground-level renovated office suite with two rooms, a half-bath, closet, and wall unit air conditioning.
Property Size304 SF
Price / SF$411.18
Days on Market95
Property Features for 107 RUTGERS AVENUE
General Information
Standard status
Active
Size
304 SF
Property subtype
Commercial
Additional Details
Floor
Ground Floor
Amenities
wall unit air conditioner
Building Details
Year Built
1969
Listing Agency:
Compass Pennsylvania, LLC
(610) 822-3356
Listed By:
Heidi O Foggo
(610) 608-7459
Source:
Cummingsrealtors
Added: Jun 10
Changed: Sep 11
Last Checked: Sep 12 at 5:39AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This ground-level office suite has been renovated and is configured with two rooms plus a half-bath and closet. The space includes a wall unit air conditioner.
The suite is part of the 107 Rutgers condominium complex, where heat is included in the monthly fee.
Offered for sale, this compact office layout is suited for established operations that need a straightforward, renovated ground-level work space within a condominium setting.
The suite is part of the 107 Rutgers condominium complex, where heat is included in the monthly fee.
Offered for sale, this compact office layout is suited for established operations that need a straightforward, renovated ground-level work space within a condominium setting.
Key Highlights
- Ground‑level renovated office suite in downtown Swarthmore (Year built 1969)
- Office includes 2 rooms plus a half‑bath and closet
- Sun‑filled interior with wall unit air conditioner
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
$4,984
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
3.99%
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%
$99,680
$99.7K
Cap Rate 7%
$71,200
$71.2K
Cap Rate 9%
$55,378
$55.4K
Market Conditions
NOI Build-Up for 304 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
$8.0K $26.40/SF
− Vacancy
−$1.4K −$4.54/SF
EGI
$6.6K $21.86/SF
− OpEx
−$1.7K −$5.46/SF
NOI
$5.0K $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%
$99,680
Cap Rate 7%
$71,200
Cap Rate 9%
$55,378
Alternative Uses
Best Use
Office B
$71.2K
$62.3K – $83.1K
NOI $4,984 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$92.2K
$80.7K – $107.5K
NOI $6,452 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 19081, PA
10,803
Population
3,875
Households
2.8
Avg Household Size
37
Median Age
66%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
4,910
Density / Sq Mi
$129,973
Median Household Income
$54,288
Median Earnings
$1,452
Median Rent
$333,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Ground-level renovated office suite with two rooms, a half-bath, closet, and wall unit air conditioning.
Where is this office units located?
The property is located at 107 RUTGERS AVENUE Swarthmore, PA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Ground‑level renovated office suite in downtown Swarthmore (Year built 1969); Office includes 2 rooms plus a half‑bath and closet; Sun‑filled interior with wall unit air conditioner
