137 W Lancaster Ave Downingtown, PA 19335
Mixed-use property with storefront and apartment near transportation.
Property Features for 137 W Lancaster Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1950
Listing office Springer Realty Group (610) 209-9219
Listing date Jul 8, 2022
Source Crexi
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 Springer Realty Group
Investment Insights
Based on property information with market context.
Key Highlights
- High Income Potential: Approximately $38,400 yearly income.
- Strong Cap Rate: 6.8% capitalization rate.
- Prime Location: Right on Main Street in Downingtown.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $18.00 |
| − Vacancy | −$5.6k | −$1.85 |
| EGI | $48.4k | $16.15 |
| − OpEx | −$14.5k | −$4.84 |
| NOI | $33.9k | $11.30 |
