Brick Mixed-Use
New
For Sale
$750,000
214 N Main St, North Wales, PA 19454
Zoned OR with professional offices, a first-floor apartment, dedicated parking, and direct Main Street access.
Property Size3,343 SF
Lot Size0.50 Acres
Price / SF$224.35
Days on Market7
Property Features for 214 N Main St
General Information
Standard status
Active
Size
3,343 SF
Total Parking Spaces
12
Lot size
0.50 Acres
Property subtype
Residential Income
Zoning
OR
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,486
Building Details
Buildings
2
Stories
3
Construction
brick
Listing Agency:
Keller Williams Real Estate-Blue Bell
(610) 724-8866
Listed By:
Dino A D'Orazio · License #RS295485
(610) 724-8866
Source:
Exprealty
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 30 at 8:29PM
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 Keller Williams Real Estate-Blue Bell
Investment Insights
Based on property information with market context.
This brick mixed-use property combines professional office space with a first-floor apartment. The office component includes approximately 2,560 sq. ft. across three levels: a 1,200 sq. ft. first floor with reception, four private offices, and a powder room; a 930 sq. ft. second floor with three offices, a kitchenette, and two powder rooms; and a 430 sq. ft. third floor with two separate office areas. The apartment contains a living room, dining room, kitchen, one bedroom, full bath, and enclosed sun porch. A slate roof, sided addition, basement with outside exit, three electric services, four heating zones, and two-zone central air are also included.
The property is zoned OR for office/business and residential uses. It provides approximately 10 parking spaces with direct Main Street access, plus a detached 2-car garage. The site has public water and sewer, approximately 146 feet of Main Street frontage, and an oversized approximately 1⁄2-acre lot. SEPTA regional rail, downtown shops, cafés, and services are within walking distance.
The property is zoned OR for office/business and residential uses. It provides approximately 10 parking spaces with direct Main Street access, plus a detached 2-car garage. The site has public water and sewer, approximately 146 feet of Main Street frontage, and an oversized approximately 1⁄2-acre lot. SEPTA regional rail, downtown shops, cafés, and services are within walking distance.
Key Highlights
- Approximately 2,560 sq. ft. of office space plus an 800 sq. ft. first‑floor apartment
- OR zoning allows office/business and residential uses
- Approximately 10 parking spaces with direct Main Street access
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
$52,557
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
7.01%
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%
$1,051,140
$1.1M
Cap Rate 7%
$750,814
$750.8K
Cap Rate 9%
$583,967
$584.0K
Market Conditions
NOI Build-Up for 3,343 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
$87.1K $26.04/SF
− Vacancy
−$17.0K −$5.08/SF
EGI
$70.1K $20.96/SF
− OpEx
−$17.5K −$5.24/SF
NOI
$52.6K $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%
$1,051,140
Cap Rate 7%
$750,814
Cap Rate 9%
$583,967
Alternative Uses
Best Use
Office B
$750.8K
$657.0K – $876.0K
NOI $52,557 @ 7.0% cap · market cap 7.01%
Second Best
Mixed Use
$494.3K
$432.5K – $576.7K
NOI $34,600 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,605 @ 7.0% cap · market cap 17.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 19454, PA
28,833
Population
11,212
Households
2.6
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.3 sq mi
ZIP Area
2,344
Density / Sq Mi
$114,323
Median Household Income
$61,287
Median Earnings
$1,762
Median Rent
$438,200
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 - Zoned OR with professional offices, a first-floor apartment, dedicated parking, and direct Main Street access.
Where is this mixed-use property located?
The property is located at 214 N Main St North Wales, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 2,560 sq. ft. of office space plus an 800 sq. ft. first‑floor apartment; OR zoning allows office/business and residential uses; Approximately 10 parking spaces with direct Main Street access
