Building Details

Year Built 1970

Tenancy Multi

Listing Agency: Liberty Real Estate

Listed By: Richard Q Li · License #RM421130 Show Phone

Source: Yourchestercountyhomesearch

Added: Jul 29 Changed: Oct 11 Last Checked: Oct 16 at 1:42PM

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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.

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 / Yr

$88,358

Cap Rate

5.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,767,160 $1.8M

Cap Rate 7%

$1,262,257 $1.3M

Cap Rate 9%

$981,756 $981.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,000 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $191,010 @ 7.0% cap · market cap 12.53%

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

Property Analytics

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Current Use

Pharmacy Solutions Medical Clinic

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office Cafe & Coffee Shop 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.

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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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