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    110 Park Ave, Unit 340 Swarthmore, PA 19081

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    For Sale
    $1,120,000

    Tastefully designed condominiums in downtown Swarthmore near SEPTA rail.

    Property size:
    1,628 SF

    Property Features for 110 Park Ave

    General Information

    Standard status
    Active
    Size
    1,628 SF

    Building Details

    Year built
    2025

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    Listing Contact
    Heidi O Foggo
    Heidi O Foggo
    Source: Exitrealty

    Listing Agency: Compass RE Listing Agent: Heidi O Foggo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Modern Condominiums in Swarthmore Borough

    Located at 110 Park Avenue, this property will offer modern condominium living in the heart of Swarthmore Borough. The development will consist of 31 condominiums with 1, 2, and 3+ bedrooms. The location provides convenient access to the SEPTA rail line into Philadelphia and New York City, Swarthmore College, the Public Library, the Park Avenue Community Center, stores, and restaurants. The units are designed to optimize elegance and comfort, with integration of outdoor living spaces. Features include quartz countertops with upgrade options, GE Cafe or SubZero/Wolf/Cove appliances, hardwood floors, custom tile work in the bathrooms, and walk-in closets. On-site amenities include parking, a fitness room, and an outdoor courtyard for residents. Unit 340 has a similar floor plan to unit 240. The property size is 1628 square feet. The close date is estimated to be around 10/31/2025.
    Location Intelligence

    Current Use by Public Records

    Belasco Andrea MD Physician G. Brock Roben, ... Physician Michele Southworth, JD, ... Psychotherapist Dr. Robert Heasley Marriage Or Relationship Counselor Home Sweet Tiny ... Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Swarthmore
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.349155
    Latitude
    39.901238

    Nearby Similar for Sale

    • $199,999
      945 SF

      Swarthmore Office Space: Prime Location

      945 sq ft Office/Residential Condo
      801 Yale Ave, Swarthmore, PA 19081
      View Details

    FAQs

    What type of property is this?
    Residential income property - Tastefully designed condominiums in downtown Swarthmore near SEPTA rail.
    Where is this residential income property located?
    The property is located at 110 Park Ave, Unit 340 Swarthmore, PA.
    What is the asking price?
    The asking price for this property is $1,120,000.
    What are key features of this property?
    This property features: - Convenient location in downtown Swarthmore, near SEPTA rail line to Philadelphia (and NYC).; - New construction (2025) with modern condominium living.; - **High-end finishes including quartz countertops, GE Cafe or SubZero/Wolf/Cove appliances, and hardwood floors.**
    (610) 608-7459
    Request Owner's contact information
    110 Park Ave, Unit 340 Swarthmore, PA 19081
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    Swarthmore, PA 19081
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    110 Park Ave, Unit 340 Swarthmore, PA 19081
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    Listing Contact
    Heidi O Foggo
    Heidi O Foggo
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