Two-Unit Storefront
For Sale
$515,000
4306 4306-4308 Township Line Rd, Drexel Hill, PA 19026
Commercially zoned property with on-site parking, flexible space, and access to Route 1 and I-476.
Property Size2,952 SF
Price / SF$174.46
Days on Market11
Property Features for 4306 4306-4308 Township Line Rd
General Information
Standard status
Active
Size
2,952 SF
Building Details
Year Built
1970
Listing Agency:
Realty Mark Associates
(267) 918-5234
Listed By:
Kevin Le · License #RS349630
Source:
Soldbypattie
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 25 at 5:29AM
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
Investment Insights
Based on property information with market context.
This two-unit storefront property contains 2,952 SF across two connected addresses. The 4306 Township Line Rd unit measures 650 SF and is leased to a barbershop through July 2028. The adjoining 4308 Township Line Road unit offers 2,300 SF of vacant space with an open layout and a 2023 renovation that added new HVAC, flooring, lighting, and ceilings.
A rear overhead door supports loading, while secondary access is available from Drexel Avenue. The property includes on-site parking and sits at a signalized intersection along Route 1. Center City and I-476 are both minutes away. The vacant unit is identified for potential restaurant, professional office, or retail use.
A rear overhead door supports loading, while secondary access is available from Drexel Avenue. The property includes on-site parking and sits at a signalized intersection along Route 1. Center City and I-476 are both minutes away. The vacant unit is identified for potential restaurant, professional office, or retail use.
Key Highlights
- 2,952 SF storefront property at 4306‑4308 Township Line Rd
- 650 SF unit leased to a barbershop through July 2028
- 2,300 SF vacant unit renovated in 2023
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
$28,981
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
5.63%
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%
$579,620
$579.6K
Cap Rate 7%
$414,014
$414.0K
Cap Rate 9%
$322,011
$322.0K
Market Conditions
NOI Build-Up for 2,952 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
$44.3K $15.00/SF
− Vacancy
−$2.9K −$0.98/SF
EGI
$41.4K $14.03/SF
− OpEx
−$12.4K −$4.21/SF
NOI
$29.0K $9.82/SF
Area
Delaware County, PA
Vacancy
6.50%
Lease Rate
$15.00 /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%
$579,620
Cap Rate 7%
$414,014
Cap Rate 9%
$322,011
Alternative Uses
Best Use
Office B
$691.4K
$605.0K – $806.6K
NOI $48,396 @ 7.0% cap · market cap 9.40%
Second Best
Retail
$414.0K
$362.3K – $483.0K
NOI $28,981 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$895.0K
$783.1K – $1.04M
NOI $62,651 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
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?
Storefront property - Commercially zoned property with on-site parking, flexible space, and access to Route 1 and I-476.
Where is this storefront property located?
The property is located at 4306 4306-4308 Township Line Rd Drexel Hill, PA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 2,952 SF storefront property at 4306‑4308 Township Line Rd; 650 SF unit leased to a barbershop through July 2028; 2,300 SF vacant unit renovated in 2023
