Building Details

Year Built 1950

Construction stone

Listing Agency: Coldwell Banker Realty

Listed By: Donna C Ragusa · License #RS288223 Show Phone

Source: Kableteam

Added: Aug 16 Changed: Oct 8 Last Checked: Oct 7 at 3:15PM

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Investment Insights

Based on property information with market context.

This 3,000-square-foot office property occupies a corner lot and was built in 1950. The renovated stone building includes a full kitchen, ADA-compliant restrooms, updated flooring, private parking with 14+ spaces, and garage space for equipment. ADA access is also provided.

The property is located at 2111 DeKalb Pike in East Norriton, near connections to Rt. 76, 476, and 276. Plymouth Meeting Mall and King of Prussia Mall are described as minutes away. The building has been identified for office-oriented applications including medical, veterinary, legal, accounting, engineering, and consulting uses, as well as daycare and salon or barber operations.

Key Highlights

• 3,000‑square‑foot renovated stone office building on a corner lot
• Private parking lot with 14+ parking spaces
• ADA access and ADA‑compliant restrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,165

Cap Rate

7.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$943,300 $943.3K

Cap Rate 7%

$673,786 $673.8K

Cap Rate 9%

$524,056 $524.1K

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$78.1K $26.04/SF

− Vacancy

−$15.2K −$5.08/SF

EGI

$62.9K $20.96/SF

− OpEx

−$15.7K −$5.24/SF

NOI

$47.2K $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 Rate 5%

$943,300

Cap Rate 7%

$673,786

Cap Rate 9%

$524,056

Alternative Uses

Best Use

Office B

$673.8K

$589.6K – $786.1K (±1% cap)

NOI $47,165 @ 7.0% cap · market cap 7.87%

Second Best

Healthcare Medical

$619.4K

$542.0K – $722.6K (±1% cap)

NOI $43,357 @ 7.0% cap · market cap 7.24%

Theoretical Best

Specialty Retail

$1.73M

$1.51M – $2.01M (±1% cap)

NOI $120,794 @ 7.0% cap · market cap 20.17%

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

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Spa & Massage Center Parking Lot & Garage Accounting Firm

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

698

Businesses Nearby

Explore this area Business Placement

Demographics for 19401, PA

43,414

Population

18,236

Households

2.4

Avg Household Size

36

Median Age

28%

College-Educated

86%

High-School Grad

6.2 sq mi

ZIP Area

7,002

Density / Sq Mi

$68,646

Median Household Income

$38,050

Median Earnings

$1,392

Median Rent

$225,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Office units - Stone office property with private parking, ADA access, and an attached garage.

Where is this office units located?

The property is located at 2111 Dekalb Pike East Norriton, PA.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: 3,000‑square‑foot renovated stone office building on a corner lot; Private parking lot with 14+ parking spaces; ADA access and ADA‑compliant restrooms