Mixed-Use Property with
For Sale
$3,130,000
1924 DAISY ST EXT, Clearfield, PA 16830
Residential units, office suites, storage space, and expansion area create a diverse operating configuration.
Property Size34,860 SF
Days on Market78
Property Features for 1924 DAISY ST EXT
General Information
Standard status
Active
Size
34,860 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$38,268
Building Details
Building Size
34,860 SF
Year Built
1955
Listing Agency:
Realty One Group Landmark- Clearfield
(814) 330-7636
Listed By:
Tyler Noel
Source:
Nelsonrealtypa
Added: Jun 14
Changed: Aug 30
Last Checked: Aug 30 at 7:52PM
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 Realty One Group Landmark- Clearfield
Investment Insights
Based on property information with market context.
Located at 1924 Daisy St Ext in Clearfield, Pennsylvania, this mixed-use property combines residential, office, storage, and development components. The residential portion includes 10 two-bedroom, two-bathroom apartments, two one-bedroom, two-bathroom apartments, and one one-bedroom, one-bathroom apartment. Units feature custom cabinetry, tile finishes, and luxury vinyl plank flooring, and all are fully rented. A private courtyard serves the property’s residential and commercial users.
The commercial component includes two office spaces of approximately 2,500 square feet each, along with two storage units. The office areas are suited to professional services, medical use, or business expansion as described in the property information. In addition, the site includes more than 10,000 square feet of ready-to-build space for potential apartments, offices, storage buildings, or additional mixed-use construction, subject to local approvals. Built in 1955, the property offers an established multi-component layout with room for further development.
The commercial component includes two office spaces of approximately 2,500 square feet each, along with two storage units. The office areas are suited to professional services, medical use, or business expansion as described in the property information. In addition, the site includes more than 10,000 square feet of ready-to-build space for potential apartments, offices, storage buildings, or additional mixed-use construction, subject to local approvals. Built in 1955, the property offers an established multi-component layout with room for further development.
Key Highlights
- 13 apartments: 10 two‑bedroom, two‑bathroom; 2 one‑bedroom, two‑bathroom; and 1 one‑bedroom, one‑bathroom
- All residential units are fully rented
- Two office spaces of approximately 2,500 +/- sq ft each
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
$214,431
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
6.85%
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%
$4,288,620
$4.3M
Cap Rate 7%
$3,063,300
$3.1M
Cap Rate 9%
$2,382,567
$2.4M
Market Conditions
NOI Build-Up for 34,860 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
$418.3K $12.00/SF
− Vacancy
−$28.4K −$0.82/SF
EGI
$389.9K $11.18/SF
− OpEx
−$175.4K −$5.03/SF
NOI
$214.4K $6.15/SF
Area
Clearfield County, PA
Vacancy
6.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
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%
$4,288,620
Cap Rate 7%
$3,063,300
Cap Rate 9%
$2,382,567
Alternative Uses
Best Use
Office B
$5.24M
$4.59M – $6.12M
NOI $367,076 @ 7.0% cap · market cap 11.73%
Second Best
Mixed Use
$4.93M
$4.31M – $5.75M
NOI $345,114 @ 7.0% cap · market cap 11.03%
Theoretical Best
Office A
$7.69M
$6.73M – $8.97M
NOI $538,127 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 16830, PA
13,121
Population
6,841
Households
1.9
Avg Household Size
46
Median Age
19%
College-Educated
91%
High-School Grad
132.0 sq mi
ZIP Area
99
Density / Sq Mi
$56,822
Median Household Income
$36,601
Median Earnings
$745
Median Rent
$119,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential units, office suites, storage space, and expansion area create a diverse operating configuration.
Where is this mixed-use property located?
The property is located at 1924 DAISY ST EXT Clearfield, PA.
What is the asking price?
The asking price for this property is $3,130,000.
What are key features of this property?
This property features: 13 apartments: 10 two‑bedroom, two‑bathroom; 2 one‑bedroom, two‑bathroom; and 1 one‑bedroom, one‑bathroom; All residential units are fully rented; Two office spaces of approximately 2,500 +/- sq ft each
