Flexible Retail/Office
For Sale
Contact for pricing
120 BETHLEHEM PIKE UNIT 105, Colmar, PA 18915
Suite with open layout, dividing wall, electric heat and A/C, engineered hardwood, and drop ceiling.
Property Size1,200 SF
Price / SF$2.00
Days on Market101
Property Features for 120 BETHLEHEM PIKE UNIT 105
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Building Details
Year Built
1990
Listing Agency:
RE/MAX Legacy
(215) 822-8200
Listed By:
John J Handschuh · License #RS208307
(215) 651-2157
Source:
Cummingsrealtors
Added: Jul 20
Changed: Oct 27
Last Checked: Oct 26 at 3:24PM
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 RE/MAX Legacy
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Investment Insights
Based on property information with market context.
Victorian Village Unit 105 is a flexible suite with an open floor design and a dividing wall that can create separate office space. The space includes electric heat and A/C, engineered hardwood flooring, and a drop ceiling.
The unit is positioned in a high-traffic area across from Wawa on the Rt 309 southbound side.
The property notes many different allowable uses, with examples including office, day care, and retail. A long-term tenant is being sought; contact the listing agent for additional information.
The unit is positioned in a high-traffic area across from Wawa on the Rt 309 southbound side.
The property notes many different allowable uses, with examples including office, day care, and retail. A long-term tenant is being sought; contact the listing agent for additional information.
Key Highlights
- Victorian Village Unit 105 built in 1990
- Open floor layout with a dividing wall creating an office area
- Electric heat and A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,485
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,700
$289.7K
Cap Rate 7%
$206,929
$206.9K
Cap Rate 9%
$160,944
$160.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$21.6K $18.00/SF
− Vacancy
−$907 −$0.76/SF
EGI
$20.7K $17.24/SF
− OpEx
−$6.2K −$5.17/SF
NOI
$14.5K $12.07/SF
Area
Montgomery County, PA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,700
Cap Rate 7%
$206,929
Cap Rate 9%
$160,944
Alternative Uses
Best Use
Office B
$269.5K
$235.8K – $314.4K
NOI $18,866 @ 7.0% cap · market cap 786.08%
Second Best
Retail
$206.9K
$181.1K – $241.4K
NOI $14,485 @ 7.0% cap · market cap 603.54%
Theoretical Best
Specialty Retail
$690.3K
$604.0K – $805.3K
NOI $48,318 @ 7.0% cap · market cap 2,013.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
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Business Placement
Demographics for 18915, PA
1,668
Population
631
Households
2.6
Avg Household Size
37
Median Age
52%
College-Educated
87%
High-School Grad
1.2 sq mi
ZIP Area
1,390
Density / Sq Mi
$141,645
Median Household Income
$65,096
Median Earnings
$1,674
Median Rent
$504,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Suite with open layout, dividing wall, electric heat and A/C, engineered hardwood, and drop ceiling.
Where is this office unit located?
The property is located at 120 BETHLEHEM PIKE UNIT 105 Colmar, PA.
What are key features of this property?
This property features: Victorian Village Unit 105 built in 1990; Open floor layout with a dividing wall creating an office area; Electric heat and A/C
