Renovated Office
For Sale
$599,000
2111 Dekalb Pike, East Norriton, PA 19401
Stone office property with private parking, ADA access, and an attached garage.
Property Size3,000 SF
Price / SF$199.67
Days on Market14
Property Features for 2111 Dekalb Pike
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
14
Additional Details
Highway Access
Yes
Amenities
Garage Space
Full kitchen
ADA restrooms
Building Details
Year Built
1950
Construction
stone
Listing Agency:
Coldwell Banker Realty
(610) 637-3404
Listed By:
Donna C Ragusa · License #RS288223
Source:
Kandorre
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 26 at 6:48AM
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 Coldwell Banker Realty
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.
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 = 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
$47,165
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
7.87%
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%
$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
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
$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 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%
$943,300
Cap Rate 7%
$673,786
Cap Rate 9%
$524,056
Alternative Uses
Best Use
Office B
$673.8K
$589.6K – $786.1K
NOI $47,165 @ 7.0% cap · market cap 7.87%
Second Best
Healthcare Medical
$619.4K
$542.0K – $722.6K
NOI $43,357 @ 7.0% cap · market cap 7.24%
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.01M
NOI $120,794 @ 7.0% cap · market cap 20.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
