Flex Space with Office and
For Sale
$1,200,000
168 Old Belmont Avenue Bala, Cynwyd, PA 19004
Multi-use property combines office space with a two-bay garage in a flexible Lower Merion Township zoning district.
Property Size4,200 SF
Lot Size0.15 Acres
Days on Market196
Property Features for 168 Old Belmont Avenue Bala
General Information
Standard status
Active
Size
4,200 SF
Class
B
Total Parking Spaces
2
Lot size
0.15 Acres
Property subtype
Multi Tenant Office
Zoning
RHR
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,200,000
Office Build-Out
2,400 SF
Building Details
Building Size
4,200 SF
Buildings
2
Listing Agency:
Binswanger
(215) 448-1270
Listed By:
Douglas Kelly · License #2192500
(215) 448-1270
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 4:42PM
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 Binswanger
Investment Insights
Based on property information with market context.
This multi-use flex property at 168 Old Belmont Avenue includes a 2,400 SF office building arranged across 3 floors and a separate 1,700 SF garage with 2 bays. The 0.15-acre parcel occupies a corner lot in Lower Merion Township’s Rock Hill Road (RHR) Zoning District, which is described as flexible in the property information.
The site is within 150’ of I-76, with access to Exit 338 and connections toward the Main Line and Manayunk. The property is reported to receive exposure from 17,354 Vehicles Per Day. Its Bala Cynwyd setting also places it near dining, retail, fitness centers, Bala Golf Club, and Belmont Hills Library, with public transportation and major roadways serving the surrounding area.
The site is within 150’ of I-76, with access to Exit 338 and connections toward the Main Line and Manayunk. The property is reported to receive exposure from 17,354 Vehicles Per Day. Its Bala Cynwyd setting also places it near dining, retail, fitness centers, Bala Golf Club, and Belmont Hills Library, with public transportation and major roadways serving the surrounding area.
Key Highlights
- 2,400 SF office building distributed across 3 floors
- Separate 1,700 SF garage with 2 bays
- 0.15‑acre corner lot in Lower Merion Township
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
$66,031
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
5.50%
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%
$1,320,620
$1.3M
Cap Rate 7%
$943,300
$943.3K
Cap Rate 9%
$733,678
$733.7K
Market Conditions
NOI Build-Up for 4,200 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
$109.4K $26.04/SF
− Vacancy
−$21.3K −$5.08/SF
EGI
$88.0K $20.96/SF
− OpEx
−$22.0K −$5.24/SF
NOI
$66.0K $15.72/SF
Area
Montgomery County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,320,620
Cap Rate 7%
$943,300
Cap Rate 9%
$733,678
Alternative Uses
Best Use
Office B
$943.3K
$825.4K – $1.10M
NOI $66,031 @ 7.0% cap · market cap 5.50%
Second Best
Flex RnD
$687.7K
$601.7K – $802.3K
NOI $48,138 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$2.42M
$2.11M – $2.82M
NOI $169,112 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19004, PA
10,668
Population
4,453
Households
2.4
Avg Household Size
41
Median Age
73%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
3,951
Density / Sq Mi
$143,781
Median Household Income
$81,909
Median Earnings
$1,791
Median Rent
$616,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Greater Valley Forge Picnic — 26 Rock Hill Rd, Bala Cynwyd, PA 19004
- fitch's — 4518 Ritchie St, Philadelphia, PA 19127
- DiAntonio's Catering — 228 Krams Ave, Philadelphia, PA 19127
Frequently Asked Questions
What type of property is this?
Flex space - Multi-use property combines office space with a two-bay garage in a flexible Lower Merion Township zoning district.
Where is this flex space located?
The property is located at 168 Old Belmont Avenue Bala Cynwyd, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,400 SF office building distributed across 3 floors; Separate 1,700 SF garage with 2 bays; 0.15‑acre corner lot in Lower Merion Township
