123 W MAIN STREET Unit 2, Trappe, PA 19426

Building Details

Building Size 5,316 SF More

Year Built 1981 More

Buildings 1 More

Tenancy Multi More

Listing Agency: Long & Foster Real Estate, Inc.

Listed By: Richard A. Opperman Jr. · License #AB-051326-L Show Phone

Source: Desantis-realestate

Added: Nov 8, 2025 Changed: Nov 7 Last Checked: Nov 7 at 1:01PM

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Investment Insights

Based on property information with market context.

Built in 1981, this 5,316-square-foot mixed-use property includes a one-bedroom studio apartment and an upper-level tenant. The lower level has a non-structural layout that can be adapted, and heating and cooling systems are separate for the occupants. The building is zoned Village Commercial (VC).

A concept proposes up to 6,528 SF of additional professional or medical office space with expanded parking; this is a potential addition, not an existing improvement.

Key Highlights

• 5,316‑square‑foot mixed‑use property
• One‑bedroom studio apartment within the building
• Upper‑level tenant in place

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,828

Cap Rate

9.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,536,560 $1.5M

Cap Rate 7%

$1,097,543 $1.1M

Cap Rate 9%

$853,644 $853.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,316 SF

Gross rent

$138.4K $26.04/SF

− Vacancy

−$10.4K −$1.95/SF

EGI

$128.0K $24.09/SF

− OpEx

−$51.2K −$9.63/SF

NOI

$76.8K $14.45/SF

Area

Montgomery County, PA

Vacancy

7.50%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,536,560

Cap Rate 7%

$1,097,543

Cap Rate 9%

$853,644

Alternative Uses

Best Use

Office B

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,576 @ 7.0% cap · market cap 9.83%

Second Best

Healthcare Medical

$1.10M

$960.4K – $1.28M (±1% cap)

NOI $76,828 @ 7.0% cap · market cap 9.04%

Theoretical Best

Specialty Retail

$3.06M

$2.68M – $3.57M (±1% cap)

NOI $214,047 @ 7.0% cap · market cap 25.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Pharmacy Parking Lot & Garage Restaurant Grocery & Convenience Store Bakery Storage Facility

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

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

187

Businesses Nearby

Explore this area Business Placement

Demographics for 19426, PA

43,541

Population

14,136

Households

3.1

Avg Household Size

40

Median Age

53%

College-Educated

93%

High-School Grad

34.0 sq mi

ZIP Area

1,281

Density / Sq Mi

$151,030

Median Household Income

$62,482

Median Earnings

$1,932

Median Rent

$471,200

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Montgomery County, PA

$185 Jul

$184 Aug

$213 Sep

$240 Oct

Properties on Market for Mixed-use properties in Montgomery County

Jul

Aug

Sep

Oct

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?

Mixed-use property - Village Commercial zoning supports a range of professional, medical, and mixed-use applications.

Where is this mixed-use property located?

The property is located at 123 W MAIN STREET Unit 2 Trappe, PA.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 5,316‑square‑foot mixed‑use property; One‑bedroom studio apartment within the building; Upper‑level tenant in place