Two-Story Office
For Sale
$450,000
1008 N Providence Rd, Media, PA 19063
Professional office property with private suites, on-site parking, and a full basement for storage or operational support.
Property Size2,140 SF
Price / SF$210.28
Days on Market10
Property Features for 1008 N Providence Rd
General Information
Standard status
Active
Size
2,140 SF
Total Parking Spaces
14
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
handicapped-accessible ramp
full-size basement
Building Details
Year Built
1944
Buildings
1
Tenancy
Single
Abandoned
No
Listing Agency:
Keller Williams Real Estate - West Chester
(484) 588-0069
Listed By:
Michael J Koperna · License #RS292616
Source:
Soldbypattie
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 12:45PM
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 Keller Williams Real Estate - West Chester
Investment Insights
Based on property information with market context.
This 2,140 SF office building was constructed in 1944 and is currently occupied by a doctor’s office on a month-to-month tenancy. The first floor provides a reception area, private offices, and a powder room. A separate second-floor suite includes a private office arrangement, kitchenette, powder room, and rear entrance. A handicapped-accessible ramp and full-size basement add practical functionality for occupants and daily operations.
The property is located at 1008 N Providence Rd in Media, with visibility along Rt. 252 and immediate access to Rt. 1. Fourteen private parking spaces serve the building. Its existing professional layout and two-floor configuration support continued medical use or other office applications identified in the property information, including legal, accounting, financial, and general professional occupancy.
The property is located at 1008 N Providence Rd in Media, with visibility along Rt. 252 and immediate access to Rt. 1. Fourteen private parking spaces serve the building. Its existing professional layout and two-floor configuration support continued medical use or other office applications identified in the property information, including legal, accounting, financial, and general professional occupancy.
Key Highlights
- 2,140 SF office building on 1008 N Providence Rd, Media, PA 19063
- Located on Rt. 252 with immediate access to Rt. 1
- 14 private parking spaces
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
$35,084
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
7.80%
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%
$701,680
$701.7K
Cap Rate 7%
$501,200
$501.2K
Cap Rate 9%
$389,822
$389.8K
Market Conditions
NOI Build-Up for 2,140 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
$56.5K $26.40/SF
− Vacancy
−$9.7K −$4.54/SF
EGI
$46.8K $21.86/SF
− OpEx
−$11.7K −$5.46/SF
NOI
$35.1K $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%
$701,680
Cap Rate 7%
$501,200
Cap Rate 9%
$389,822
Alternative Uses
Best Use
Office B
$501.2K
$438.6K – $584.7K
NOI $35,084 @ 7.0% cap · market cap 7.80%
Second Best
Healthcare Medical
$435.9K
$381.4K – $508.5K
NOI $30,510 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$648.8K
$567.7K – $757.0K
NOI $45,418 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
747
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with private suites, on-site parking, and a full basement for storage or operational support.
Where is this office building located?
The property is located at 1008 N Providence Rd Media, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,140 SF office building on 1008 N Providence Rd, Media, PA 19063; Located on Rt. 252 with immediate access to Rt. 1; 14 private parking spaces
