Duplex with Chiropractic
New
For Sale
$695,000
1313 DEKALB STREET, Norristown, PA 19401
Twin-style property combining a chiropractic practice with one apartment and parking options on a 0.12-acre lot.
Property Size4,692 SF
Lot Size0.12 Acres
Days on Market4
Property Features for 1313 DEKALB STREET
General Information
Standard status
Active
Size
4,692 SF
Lot size
0.12 Acres
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,574
Building Details
Building Size
4,692 SF
Year Built
1900
Listing Agency:
Realty Mark Associates - KOP
Listed By:
George Korkus Jr · License #AB042252A
(610) 213-9200
Source:
Lizclarkrealestate
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 18 at 6:24AM
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 Realty Mark Associates - KOP
Investment Insights
Based on property information with market context.
This 4,692-square-foot twin-style property, built in 1900, combines a chiropractic office with one apartment. The stone exterior and semi-detached design provide a distinct architectural identity, while the interior includes spacious living areas with natural light and original character details.
The property occupies a 0.12-acre lot with outdoor space suitable for landscaping, gardening, or gatherings. Parking is available in the lot and along the street. The address is 1313 DeKalb Street in Norristown, Pennsylvania, with shops, restaurants, and parks described as nearby.
The property occupies a 0.12-acre lot with outdoor space suitable for landscaping, gardening, or gatherings. Parking is available in the lot and along the street. The address is 1313 DeKalb Street in Norristown, Pennsylvania, with shops, restaurants, and parks described as nearby.
Key Highlights
- 4,692‑square‑foot duplex property built in 1900
- Chiropractic office paired with 1 apartment
- Twin/semi‑detached design with stone exterior
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
$63,390
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
9.12%
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%
$1,267,800
$1.3M
Cap Rate 7%
$905,571
$905.6K
Cap Rate 9%
$704,333
$704.3K
Market Conditions
NOI Build-Up for 4,692 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
$122.7K $26.16/SF
− Vacancy
−$7.5K −$1.60/SF
EGI
$115.3K $24.56/SF
− OpEx
−$51.9K −$11.05/SF
NOI
$63.4K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /SF/Yr
Expense Ratio
45.00%
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%
$1,267,800
Cap Rate 7%
$905,571
Cap Rate 9%
$704,333
Alternative Uses
Best Use
Office B
$1.05M
$922.1K – $1.23M
NOI $73,766 @ 7.0% cap · market cap 10.61%
Second Best
Multifamily LT 5
$973.9K
$852.2K – $1.14M
NOI $68,174 @ 7.0% cap · market cap 9.81%
Theoretical Best
Specialty Retail
$2.70M
$2.36M – $3.15M
NOI $188,922 @ 7.0% cap · market cap 27.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,821
Businesses Nearby
Explore this area
Business Placement
Demographics for 19401, PA
43,414
Population
18,236
Households
2.4
Avg Household Size
36
Median Age
28%
College-Educated
86%
High-School Grad
6.2 sq mi
ZIP Area
7,002
Density / Sq Mi
$68,646
Median Household Income
$38,050
Median Earnings
$1,392
Median Rent
$225,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Twin-style property combining a chiropractic practice with one apartment and parking options on a 0.12-acre lot.
Where is this duplex located?
The property is located at 1313 DEKALB STREET Norristown, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 4,692‑square‑foot duplex property built in 1900; Chiropractic office paired with 1 apartment; Twin/semi‑detached design with stone exterior
