Mixed-Use Property with
For Sale
$319,000
151 Long Ln, Upper Darby, PA 19082
Street-level retail space is paired with a renovated apartment, walk-out basement, attached garage, and private rear parking.
Property Size2,200 SF
Price / SF$145
Days on Market130
Property Features for 151 Long Ln
General Information
Standard status
Active
Size
2,200 SF
Building Details
Year Built
1950
Listing Agency:
Long & Foster Real Estate, Inc.
(888) 536-0216
Listed By:
Janeen Connell · License #RS303108
Source:
Premierehomegroup
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 26 at 6:23AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property combines an approximately 1,100-square-foot storefront with an approximately 1,100-square-foot, renovated three-bedroom apartment. The commercial unit has prior hair salon use, while the residential space includes updated bedroom walls and flooring, a ceramic bathroom, fresh paint, and central air. A walk-out basement provides laundry facilities, and the attached garage adds storage and two-car private parking at the rear. The roof has been recoated, and the building was constructed in 1950.
The property is located at 151 Long Lane in Upper Darby, within the 69th Street shopping district and near the 69th Street Transportation Center. The center serves buses, trains, and trolleys connecting the suburbs with Center City Philadelphia. Street and metered parking are also available, providing additional parking options for the mixed-use layout.
The property is located at 151 Long Lane in Upper Darby, within the 69th Street shopping district and near the 69th Street Transportation Center. The center serves buses, trains, and trolleys connecting the suburbs with Center City Philadelphia. Street and metered parking are also available, providing additional parking options for the mixed-use layout.
Key Highlights
- Approximately 1,100 SF storefront paired with an approximately 1,100 SF apartment
- Renovated 3‑bedroom apartment with updated flooring, bedroom walls, bathroom, and fresh paint
- Walk‑out basement with laundry facilities
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
$21,780
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
6.83%
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%
$435,600
$435.6K
Cap Rate 7%
$311,143
$311.1K
Cap Rate 9%
$242,000
$242.0K
Market Conditions
NOI Build-Up for 2,200 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
$39.6K $18.00/SF
− Vacancy
−$4.8K −$2.16/SF
EGI
$34.8K $15.84/SF
− OpEx
−$13.1K −$5.94/SF
NOI
$21.8K $9.90/SF
Area
Delaware County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$435,600
Cap Rate 7%
$311,143
Cap Rate 9%
$242,000
Alternative Uses
Best Use
Mixed Use
$311.1K
$272.3K – $363.0K
NOI $21,780 @ 7.0% cap · market cap 6.83%
Second Best
Retail
$308.6K
$270.0K – $360.0K
NOI $21,599 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$667.0K
$583.6K – $778.2K
NOI $46,691 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,898
Businesses Nearby
218k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Apparel 28%
Dining 26%
Electronics 5%
Burlington
Apparel
22,345 visits/mo
0.3 miles
Ross Dress for Less
Apparel
20,776 visits/mo
0.3 miles
Wendy's
Dining
17,045 visits/mo
0.3 miles
McDonald's
Dining
16,228 visits/mo
0.3 miles
Five Below
Shops & Services
12,937 visits/mo
0.3 miles
Demographics for 19082, PA
42,761
Population
16,775
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
16,447
Density / Sq Mi
$55,551
Median Household Income
$36,139
Median Earnings
$1,178
Median Rent
$155,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail space is paired with a renovated apartment, walk-out basement, attached garage, and private rear parking.
Where is this mixed-use property located?
The property is located at 151 Long Ln Upper Darby, PA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Approximately 1,100 SF storefront paired with an approximately 1,100 SF apartment; Renovated 3‑bedroom apartment with updated flooring, bedroom walls, bathroom, and fresh paint; Walk‑out basement with laundry facilities
