Eight-Store Strip
For Sale
$1,525,000
1932 1932-46 Delmar Dr, Folcroft, PA 19032
Multi-tenant retail center with a range of everyday service and convenience-oriented businesses.
Property Size9,000 SF
Price / SF$169.44
Days on Market32
Property Features for 1932 1932-46 Delmar Dr
General Information
Standard status
Active
Size
9,000 SF
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
Liberty Real Estate
(267) 767-7612
Listed By:
Richard Q Li · License #RM421130
Source:
Soldbypattie
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 25 at 5:29AM
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 Liberty Real Estate
Investment Insights
Based on property information with market context.
This strip mall contains eight individual storefronts arranged for occupancy by multiple tenants. Existing business categories include pizza, grocery, eyewear, and hair-cutting services, creating a varied retail mix centered on everyday consumer needs.
The property is located at 1932-46 Delmar Dr in Folcroft, Pennsylvania. Built in 1970, the center offers an established commercial setting with multiple tenant spaces and a configuration suited to continued retail occupancy.
The property is located at 1932-46 Delmar Dr in Folcroft, Pennsylvania. Built in 1970, the center offers an established commercial setting with multiple tenant spaces and a configuration suited to continued retail occupancy.
Key Highlights
- Eight storefronts within a multi‑tenant strip mall
- Existing tenant mix includes pizza, grocery, eyewear, and hair‑cutting services
- 9,000 property size
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
$88,358
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
5.79%
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%
$1,767,160
$1.8M
Cap Rate 7%
$1,262,257
$1.3M
Cap Rate 9%
$981,756
$981.8K
Market Conditions
NOI Build-Up for 9,000 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
$135.0K $15.00/SF
− Vacancy
−$8.8K −$0.98/SF
EGI
$126.2K $14.03/SF
− OpEx
−$37.9K −$4.21/SF
NOI
$88.4K $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 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%
$1,767,160
Cap Rate 7%
$1,262,257
Cap Rate 9%
$981,756
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,358 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $191,010 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 34%
Groceries 19%
Save-A-Lot
Groceries
7,575 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
5,912 visits/mo
0.1 miles
Dunkin' Donuts
Dining
5,691 visits/mo
0.1 miles
Dollar General
Shops & Services
5,252 visits/mo
0.1 miles
Sunoco
Shops & Services
5,223 visits/mo
0.1 miles
Demographics for 19032, PA
6,792
Population
2,866
Households
2.4
Avg Household Size
36
Median Age
22%
College-Educated
89%
High-School Grad
1.2 sq mi
ZIP Area
5,660
Density / Sq Mi
$58,899
Median Household Income
$38,670
Median Earnings
$1,363
Median Rent
$140,000
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?
Strip mall - Multi-tenant retail center with a range of everyday service and convenience-oriented businesses.
Where is this strip mall located?
The property is located at 1932 1932-46 Delmar Dr Folcroft, PA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Eight storefronts within a multi‑tenant strip mall; Existing tenant mix includes pizza, grocery, eyewear, and hair‑cutting services; 9,000 property size
