Three-Story Office
For Sale
$550,000
335 W Baltimore Ave, Media, PA 19063
Three-story office building with 6 private parking spaces, offered together with the neighboring building.
Property Size2,400 SF
Price / SF$229.17
Days on Market51
Property Features for 335 W Baltimore Ave
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
6
Building Details
Year Built
1900
Stories
3
Listing Agency:
Century 21 Preferred
Listed By:
Mary M Koch · License #RB042512C
(610) 304-0044
Source:
Kandorre
Added: Jul 20
Changed: Aug 15
Last Checked: Sep 7 at 11:39AM
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 Century 21 Preferred
Investment Insights
Based on property information with market context.
This three-story office building is being marketed together with the building next door. The property includes three floors suitable for office use, and the configuration can also be adapted for residential use as a single-family home or multifamily.
The offering includes six private parking spaces. Additional details on the neighboring building are referenced as part of the combined availability, with each building separately priced in the remarks and also offered together.
For buyers or investors looking for a small, multi-level building footprint with on-site parking and flexibility in how space can be repurposed, this property presents a straightforward starting point within the combined package.
The offering includes six private parking spaces. Additional details on the neighboring building are referenced as part of the combined availability, with each building separately priced in the remarks and also offered together.
For buyers or investors looking for a small, multi-level building footprint with on-site parking and flexibility in how space can be repurposed, this property presents a straightforward starting point within the combined package.
Key Highlights
- Three‑story office building built in 1900
- Includes 6 private parking spaces
- Offered together with the neighboring building (priced at $550,000 each half, $1,100,000 for both)
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
$39,347
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
7.15%
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%
$786,940
$786.9K
Cap Rate 7%
$562,100
$562.1K
Cap Rate 9%
$437,189
$437.2K
Market Conditions
NOI Build-Up for 2,400 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
$63.4K $26.40/SF
− Vacancy
−$10.9K −$4.54/SF
EGI
$52.5K $21.86/SF
− OpEx
−$13.1K −$5.46/SF
NOI
$39.3K $16.39/SF
Area
Delaware County, PA
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$786,940
Cap Rate 7%
$562,100
Cap Rate 9%
$437,189
Alternative Uses
Best Use
Office B
$562.1K
$491.8K – $655.8K
NOI $39,347 @ 7.0% cap · market cap 7.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$727.7K
$636.7K – $848.9K
NOI $50,936 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,374
Businesses Nearby
Explore this area
Business Placement
Demographics for 19063, PA
38,338
Population
16,128
Households
2.4
Avg Household Size
46
Median Age
60%
College-Educated
97%
High-School Grad
25.1 sq mi
ZIP Area
1,527
Density / Sq Mi
$121,899
Median Household Income
$70,147
Median Earnings
$1,623
Median Rent
$505,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building with 6 private parking spaces, offered together with the neighboring building.
Where is this office building located?
The property is located at 335 W Baltimore Ave Media, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three‑story office building built in 1900; Includes 6 private parking spaces; Offered together with the neighboring building (priced at $550,000 each half, $1,100,000 for both)
