Freestanding Retail with Repair
For Sale
$1,500,000
154 Lancaster Ave, Malvern, PA 19355
Freestanding retail/mixed-use building with three front bay doors, rear bay doors, two bathrooms, and a repair bay.
Property Size4,200 SF
Days on Market115
Property Features for 154 Lancaster Ave
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Big Box Retail
Additional Details
Highway Access
Yes
Drive-In Doors
5
Building Details
Building Size
4,200 SF
Year Built
1964
Listing Agency:
KW Commercial | Center City
(267) 238-5735
Listed By:
Andre Watson · License #RS305752
(267) 238-5735
Source:
Thebrokerlist
Added: May 7
Changed: Aug 26
Last Checked: Aug 29 at 5:49AM
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 KW Commercial | Center City
Investment Insights
Based on property information with market context.
This offering consists of a freestanding retail/mixed-use building and site. The property includes three front bay doors and two rear bay doors, along with a rear means of egress in addition to the bay doors. Interior accommodations include two bathrooms, a display area, and a conference room/storage room, plus a dedicated repair bay.
The building is located along Route 30 as the primary artery, with easy access to the Route 202 corridor. Direct travel is available to King of Prussia to the north and West Chester to the south.
As presented, the space is configured to support both customer-facing display needs and back-of-house/operations through its bay door access and repair bay.
The building is located along Route 30 as the primary artery, with easy access to the Route 202 corridor. Direct travel is available to King of Prussia to the north and West Chester to the south.
As presented, the space is configured to support both customer-facing display needs and back-of-house/operations through its bay door access and repair bay.
Key Highlights
- Freestanding retail/mixed‑use building built in 1964 along Route 30
- Sale or lease opportunity with easy access to the Route 202 corridor
- Includes 3 front bay doors and 2 rear bay doors
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
$47,469
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
3.16%
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%
$949,380
$949.4K
Cap Rate 7%
$678,129
$678.1K
Cap Rate 9%
$527,433
$527.4K
Market Conditions
NOI Build-Up for 4,200 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
$75.6K $18.00/SF
− Vacancy
−$7.8K −$1.85/SF
EGI
$67.8K $16.15/SF
− OpEx
−$20.3K −$4.84/SF
NOI
$47.5K $11.30/SF
Area
Chester County, PA
Vacancy
10.30%
Lease Rate
$18.00 /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%
$949,380
Cap Rate 7%
$678,129
Cap Rate 9%
$527,433
Alternative Uses
Best Use
Retail
$678.1K
$593.4K – $791.2K
NOI $47,469 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,138 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
14,899 visits/mo
0.4 miles
Demographics for 19355, PA
29,273
Population
11,815
Households
2.5
Avg Household Size
41
Median Age
73%
College-Educated
97%
High-School Grad
38.3 sq mi
ZIP Area
764
Density / Sq Mi
$162,917
Median Household Income
$87,900
Median Earnings
$1,960
Median Rent
$662,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail/mixed-use building with three front bay doors, rear bay doors, two bathrooms, and a repair bay.
Where is this retail space located?
The property is located at 154 Lancaster Ave Malvern, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Freestanding retail/mixed‑use building built in 1964 along Route 30; Sale or lease opportunity with easy access to the Route 202 corridor; Includes 3 front bay doors and 2 rear bay doors
