Building Details

Year Built 1990

Listing Agency: Zommick McMahon Commercial Real Estate j***@zmcre.com

Listed By: Jeffrey B Dowd Show Phone

Source: Cummingsrealtors

Added: Oct 21 Changed: Oct 23 Last Checked: Oct 23 at 4:57PM

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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 Zommick McMahon Commercial Real Estate

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Investment Insights

Based on property information with market context.

This retail property contains 10,440 square feet and dates to 1990. Its layout can be divided into units as small as 2,500 square feet, offering several possible suite configurations.

Located at 176 Saxer Ave in Springfield, Pennsylvania, the property is positioned for retail occupancy in the local market.

Key Highlights

• 10,440‑square‑foot retail property
• Can be divided into units as small as 2,500 square feet
• Built in 1990

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$102,495

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,049,900 $2.0M

Cap Rate 7%

$1,464,214 $1.5M

Cap Rate 9%

$1,138,833 $1.1M

What to ask about pricing

Market Conditions

NOI Build-Up for 10,440 SF

Gross rent

$156.6K $15.00/SF

− Vacancy

−$10.2K −$0.98/SF

EGI

$146.4K $14.03/SF

− OpEx

−$43.9K −$4.21/SF

NOI

$102.5K $9.82/SF

Area

Delaware County, PA

Vacancy

6.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,049,900

Cap Rate 7%

$1,464,214

Cap Rate 9%

$1,138,833

Alternative Uses

Best Use

Retail

$1.46M

$1.28M – $1.71M (±1% cap)

NOI $102,495 @ 7.0% cap · market cap 427,062.50%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.17M

$2.77M – $3.69M (±1% cap)

NOI $221,571 @ 7.0% cap · market cap 923,212.50%

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

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Building Supply Big Box & Wholesale Store Spa & Massage Center

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

Location Intelligence

Trade Area within ½ mile

479

Businesses Nearby

Explore this area Business Placement

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

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Retail space - The existing floor plan can accommodate multiple smaller retail units.

Where is this retail space located?

The property is located at 176 Saxer Ave Springfield, PA.

What are key features of this property?

This property features: 10,440‑square‑foot retail property; Can be divided into units as small as 2,500 square feet; Built in 1990