Building Details

Building Size 1,440 SF

Year Built 1974

Listing Agency: Compass Pennsylvania, LLC

Listed By: Susan W Fitzgerald · License #RS306356 Show Phone

Source: Lizclarkrealestate

Added: Sep 9 Changed: Sep 10 Last Checked: Sep 11 at 3:16PM

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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 Compass Pennsylvania, LLC

Investment Insights

Based on property information with market context.

Located at 14 CHAMOND Unit: 14 in Devon, Pennsylvania, this garden-level residential unit offers two bedrooms, 1.5 baths, two private patios, and a one-floor layout. The great room accommodates dining and gathering areas, while 9' ceilings and oversized windows provide abundant natural light. A wood-burning fireplace adds a defined focal point to the living space. The kitchen includes granite countertops, a tumbled tile backsplash, stainless steel appliances, and a concealed stackable laundry unit. The primary suite has a walk-in closet, private patio access, and an expanded bath with two vanities and a walk-in shower. The second bedroom includes a walk-in closet and can serve as flexible additional living or work space.

The gated Arbordeau community includes a clubhouse, swimming pool, underground garage parking, storage, landscaping, exterior building maintenance, water and sewer service, trash and recycling collection, and snow removal. The unit includes two assigned underground parking spaces and a storage unit. Association roof replacement was completed in May, 2026, with a 75 year warranty; the chimney flue received a ceramic liner in 2025 with a 25-year warranty.

Key Highlights

• Two‑bedroom, 1.5‑bath garden‑level unit with 9' ceilings
• Two private patios, including a walled front patio off the primary bedroom
• Two assigned underground parking spaces plus a storage unit

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

$15,615

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

3.90%

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%

$312,300 $312.3K

Cap Rate 7%

$223,071 $223.1K

Cap Rate 9%

$173,500 $173.5K

Market Conditions

NOI Build-Up for 1,440 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

$30.8K $21.36/SF

− Vacancy

−$2.4K −$1.64/SF

EGI

$28.4K $19.72/SF

− OpEx

−$12.8K −$8.87/SF

NOI

$15.6K $10.84/SF

Area

Chester County, PA

Vacancy

7.70%

Lease Rate

$21.36 /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%

$312,300

Cap Rate 7%

$223,071

Cap Rate 9%

$173,500

Alternative Uses

Best Use

Apartment 5plus

$223.1K

$195.2K – $260.3K (±1% cap)

NOI $15,615 @ 7.0% cap · market cap 3.90%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$436.6K

$382.0K – $509.4K (±1% cap)

NOI $30,562 @ 7.0% cap · market cap 7.64%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Electrical Service Bakery Grocery & Convenience Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

194

Businesses Nearby

Explore this area Business Placement

Demographics for 19333, PA

7,734

Population

3,039

Households

2.5

Avg Household Size

41

Median Age

83%

College-Educated

99%

High-School Grad

3.7 sq mi

ZIP Area

2,090

Density / Sq Mi

$157,083

Median Household Income

$94,262

Median Earnings

$1,833

Median Rent

$688,700

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - Garden-level unit with private patios, updated baths, assigned parking, and access to a gated community clubhouse and pool.

Where is this residential income property located?

The property is located at 14 CHAMOND Unit 14 Devon, PA.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: Two‑bedroom, 1.5‑bath garden‑level unit with 9' ceilings; Two private patios, including a walled front patio off the primary bedroom; Two assigned underground parking spaces plus a storage unit