1486 NICKLAUS DRIVE, Springfield, PA 19064

Building Details

Year Built 1998 More

Buildings 1 More

Stories 1 More

Listing Agency: KW Greater West Chester j***@kw.com Show Phone

Listed By: John Jam · License PA AB067522 Show Phone

Source: Cummingsrealtors

Added: Nov 4 Changed: Nov 8 Last Checked: Nov 8 at 6:53AM

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Investment Insights

Based on property information with market context.

This 1,419-square-foot residence, built in 1998, has two bedrooms and two full bathrooms arranged on one level. Its layout includes a living room, separate dining room, and an eat-in kitchen with a pantry and appliances. The primary suite has a private bathroom with a low-entry shower, while the second bathroom includes a tub. A laundry room, attached one-car garage, and private concrete patio round out the home's features.

The property is in Golf View Estates, a 55+ community in Springfield. Shopping, restaurants, and major roadways are nearby. Guest parking areas and community mailboxes are close to the home.

The association covers lawn and common-area care, exterior building maintenance, snow removal, and trash service. Interior paint and flooring selections can be personalized by the next owner.

Key Highlights

• 1,419 square feet; built in 1998
• Two bedrooms and two full bathrooms, all on one level
• Attached one‑car garage and private concrete patio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,225

Cap Rate

3.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,500 $284.5K

Cap Rate 7%

$203,214 $203.2K

Cap Rate 9%

$158,056 $158.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,419 SF

Gross rent

$30.0K $21.12/SF

− Vacancy

−$4.1K −$2.89/SF

EGI

$25.9K $18.23/SF

− OpEx

−$11.6K −$8.20/SF

NOI

$14.2K $10.02/SF

Area

Delaware County, PA

Vacancy

13.70%

Lease Rate

$21.12 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,500

Cap Rate 7%

$203,214

Cap Rate 9%

$158,056

Alternative Uses

Best Use

Apartment 5plus

$203.2K

$177.8K – $237.1K (±1% cap)

NOI $14,225 @ 7.0% cap · market cap 3.47%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$486.4K

$425.6K – $567.4K (±1% cap)

NOI $34,045 @ 7.0% cap · market cap 8.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

479

Businesses Nearby

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Demographics for 19064, PA

25,045

Population

8,839

Households

2.8

Avg Household Size

42

Median Age

48%

College-Educated

96%

High-School Grad

7.1 sq mi

ZIP Area

3,527

Density / Sq Mi

$132,230

Median Household Income

$71,515

Median Earnings

$1,511

Median Rent

$389,600

Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Delaware County, PA

$195 Jul

$187 Aug

$175 Sep

$194 Oct

Properties on Market for Residential income properties in Delaware County

Jul

Aug

Sep

Oct

Frequently Asked Questions

What type of property is this?

Residential income property - A two-bedroom home pairs an attached garage with a private patio and community-maintained exterior grounds.

Where is this residential income property located?

The property is located at 1486 NICKLAUS DRIVE Springfield, PA.

What is the asking price?

The asking price for this property is $409,900.

What are key features of this property?

This property features: 1,419 square feet; built in 1998; Two bedrooms and two full bathrooms, all on one level; Attached one‑car garage and private concrete patio