Mixed-Use Retail and
For Sale
Contact for pricing
Pending
128 Coulter Ave, Ardmore, PA 19003
Mixed-use property with ground-floor retail space and two apartments on the second floor.
Property Size3,200 SF
Days on Market229
Property Features for 128 Coulter Ave
General Information
Standard status
Pending
Size
3,200 SF
Property subtype
Mixed Use, Retail
Zoning
VC - Village Commercial
Occupancy
75%
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Buildings
1
Stories
2
Units
3
Listing Agency:
Equity CRE
Listed By:
Patrick McCabe · License #PA AB068498
(484) 417-2010
Source:
Crexi
Added: Jan 21
Changed: Aug 8
Last Checked: Jul 24 at 4:05PM
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 Equity CRE
Investment Insights
Based on property information with market context.
This mixed-use property offers 1,600 SF of ground-floor retail space and two second-floor apartments. The building totals 3,200 SF and is configured to combine street-level commercial space with residential units above.
Located at 128 Coulter Ave in Ardmore, the property is positioned within the Ardmore business district.
The layout provides separate income-producing areas: retail space on the first floor and two apartments on the second floor, each described as approximately 800 SF.
Located at 128 Coulter Ave in Ardmore, the property is positioned within the Ardmore business district.
The layout provides separate income-producing areas: retail space on the first floor and two apartments on the second floor, each described as approximately 800 SF.
Key Highlights
- 3,200 SF mixed‑use building with 1,600 SF ground‑floor retail and two second‑floor apartments
- Second floor offers two apartments, each approximately 800 SF
- Year built: 1925
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
$46,496
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
4.23%
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%
$929,920
$929.9K
Cap Rate 7%
$664,229
$664.2K
Cap Rate 9%
$516,622
$516.6K
Market Conditions
NOI Build-Up for 3,200 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
$71.0K $22.20/SF
− Vacancy
−$4.6K −$1.44/SF
EGI
$66.4K $20.76/SF
− OpEx
−$19.9K −$6.23/SF
NOI
$46.5K $14.53/SF
Area
Montgomery County, PA
Vacancy
6.50%
Lease Rate
$22.20 /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%
$929,920
Cap Rate 7%
$664,229
Cap Rate 9%
$516,622
Alternative Uses
Best Use
Multifamily LT 5
$664.2K
$581.2K – $774.9K
NOI $46,496 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$617.6K
$540.4K – $720.6K
NOI $43,233 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,847 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,182
Businesses Nearby
Explore this area
Business Placement
Demographics for 19003, PA
13,984
Population
6,346
Households
2.2
Avg Household Size
38
Median Age
70%
College-Educated
98%
High-School Grad
2.0 sq mi
ZIP Area
6,992
Density / Sq Mi
$116,142
Median Household Income
$66,881
Median Earnings
$1,602
Median Rent
$441,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with ground-floor retail space and two apartments on the second floor.
Where is this mixed-use property located?
The property is located at 128 Coulter Ave Ardmore, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,200 SF mixed‑use building with 1,600 SF ground‑floor retail and two second‑floor apartments; Second floor offers two apartments, each approximately 800 SF; Year built: 1925
