Mixed-Use Building with Leased
For Sale
$799,000
107 S Main St, North Wales, PA 19454
Mixed-use property with vacant first-floor commercial space and two leased residential units above, plus private parking.
Property Size2,250 SF
Price / SF$355.11
Days on Market50
Property Features for 107 S Main St
General Information
Standard status
Active
Size
2,250 SF
Total Parking Spaces
20
Additional Details
Multifamily Units
2
Amenities
bathroom
kitchenette
office/storage area
front and back entrances
Building Details
Year Built
1920
Listing Agency:
Noble Realty Group
Listed By:
Taras Smerechanskyy
(215) 379-0300
Source:
Kandorre
Added: Jul 25
Changed: Sep 9
Last Checked: Sep 11 at 2:01PM
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 Noble Realty Group
Investment Insights
Based on property information with market context.
This mixed-use property includes a vacant first-floor commercial space and two leased residential units on the upper level. The first floor offers an open layout with a bathroom, kitchenette, and an office or storage area toward the back, with both front and rear entrances. Upstairs, Unit A is a 3-bedroom, 2-bath leased unit, and Unit B is a 1-bedroom, 1-bath leased unit.
The property is located in North Wales Borough and is described as being in a walkable downtown area with visibility and pedestrian traffic. Parking is available with more than 20 private spaces located behind the building, along with additional street parking.
The commercial space is positioned for a variety of retail or specialty business uses, while the residential units provide current rental income under existing leases.
The property is located in North Wales Borough and is described as being in a walkable downtown area with visibility and pedestrian traffic. Parking is available with more than 20 private spaces located behind the building, along with additional street parking.
The commercial space is positioned for a variety of retail or specialty business uses, while the residential units provide current rental income under existing leases.
Key Highlights
- Mixed‑use building at 107 S Main Street, North Wales, PA with vacant first‑floor commercial space plus two leased residential units upstairs
- Approx. 2,250 SF first‑floor commercial space (previous bath & tile showroom) with bathroom, kitchenette, and office/storage area; open layout and front/back entrances
- Unit A: 3‑bedroom, 2‑bath leased residential unit
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
$32,692
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
4.09%
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%
$653,840
$653.8K
Cap Rate 7%
$467,029
$467.0K
Cap Rate 9%
$363,244
$363.2K
Market Conditions
NOI Build-Up for 2,250 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
$50.0K $22.20/SF
− Vacancy
−$3.2K −$1.44/SF
EGI
$46.7K $20.76/SF
− OpEx
−$14.0K −$6.23/SF
NOI
$32.7K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
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%
$653,840
Cap Rate 7%
$467,029
Cap Rate 9%
$363,244
Alternative Uses
Best Use
Multifamily LT 5
$467.0K
$408.7K – $544.9K
NOI $32,692 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$434.3K
$380.0K – $506.6K
NOI $30,398 @ 7.0% cap · market cap 3.80%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,596 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Explore this area
Business Placement
Demographics for 19454, PA
28,833
Population
11,212
Households
2.6
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.3 sq mi
ZIP Area
2,344
Density / Sq Mi
$114,323
Median Household Income
$61,287
Median Earnings
$1,762
Median Rent
$438,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with vacant first-floor commercial space and two leased residential units above, plus private parking.
Where is this mixed-use property located?
The property is located at 107 S Main St North Wales, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Mixed‑use building at 107 S Main Street, North Wales, PA with vacant first‑floor commercial space plus two leased residential units upstairs; Approx. 2,250 SF first‑floor commercial space (previous bath & tile showroom) with bathroom, kitchenette, and office/storage area; open layout and front/back entrances; Unit A: 3‑bedroom, 2‑bath leased residential unit
