Mixed-Use Property with Auto
New
For Sale
$1,495,000
1601-1603 Dekalb Street, Norristown, PA 19401
A two-story automotive facility is paired with apartments and a ground-floor commercial unit.
Property Size13,254 SF
Days on Market2
Property Features for 1601-1603 Dekalb Street
General Information
Standard status
Active
Size
13,254 SF
Property subtype
Big Box Retail
Additional Details
Road Access
Yes
Amenities
private office
ample storage space
large parking lot
Building Details
Building Size
13,254 SF
Buildings
2
Listing Agency:
Suburban City Group
Listed By:
Antonio DiCianni · License #RS341502
(215) 240-4339
Source:
Thebrokerlist
Added: Oct 19
Last Checked: Oct 19 at 2:41PM
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 Suburban City Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Norristown property includes a two-story auto repair facility and a separate mixed-use building. The shop spans approximately 8,400 square feet and has multiple service bays, a private office, storage space, and a large parking lot. The other building contains four apartments and a ground-floor commercial unit; all five units are leased.
Located in Norristown, Montgomery County, Pennsylvania, the property combines automotive, residential, and commercial components on one site. An auto service center has operated at the property for many years.
Located in Norristown, Montgomery County, Pennsylvania, the property combines automotive, residential, and commercial components on one site. An auto service center has operated at the property for many years.
Key Highlights
- Auto repair building totals ~8,400 sf across two floors
- Multi‑bay service facility with private office and storage
- Large parking lot serves the auto repair facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,179
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,743,580
$2.7M
Cap Rate 7%
$1,959,700
$2.0M
Cap Rate 9%
$1,524,211
$1.5M
Market Conditions
NOI Build-Up for 13,254 SF
Gross rent
$238.6K $18.00/SF
− Vacancy
−$19.1K −$1.44/SF
EGI
$219.5K $16.56/SF
− OpEx
−$82.3K −$6.21/SF
NOI
$137.2K $10.35/SF
Area
Montgomery County, PA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,743,580
Cap Rate 7%
$1,959,700
Cap Rate 9%
$1,524,211
Alternative Uses
Best Use
Multifamily LT 5
$2.75M
$2.41M – $3.21M
NOI $192,579 @ 7.0% cap · market cap 12.88%
Second Best
Apartment 5plus
$2.56M
$2.24M – $2.98M
NOI $179,066 @ 7.0% cap · market cap 11.98%
Theoretical Best
Specialty Retail
$7.62M
$6.67M – $8.89M
NOI $533,669 @ 7.0% cap · market cap 35.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,305
Businesses Nearby
Explore this area
Business Placement
Demographics for 19401, PA
43,414
Population
18,236
Households
2.4
Avg Household Size
36
Median Age
28%
College-Educated
86%
High-School Grad
6.2 sq mi
ZIP Area
7,002
Density / Sq Mi
$68,646
Median Household Income
$38,050
Median Earnings
$1,392
Median Rent
$225,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-story automotive facility is paired with apartments and a ground-floor commercial unit.
Where is this mixed-use property located?
The property is located at 1601-1603 Dekalb Street Norristown, PA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Auto repair building totals ~8,400 sf across two floors; Multi‑bay service facility with private office and storage; Large parking lot serves the auto repair facility
