Building Details

Buildings 2

Stories 1

Listing Agency: BHHS Fox & Roach-Haverford Show Phone

Listed By: Claude Canavati · License #RS319752 Show Phone

Source: Keygroupmd

Added: Aug 5 Changed: Oct 11 Last Checked: Oct 12 at 7:37PM

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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 BHHS Fox & Roach-Haverford

Investment Insights

Based on property information with market context.

This mixed-use property totals 3,500 square feet across two buildings. The front structure contains a vacant single-story storefront measuring 25 feet wide by 55 feet deep. A separate two-story rear building includes two one-bedroom apartments, with one residence on each level. Both apartments are occupied by long-term tenants, and each has a dedicated parking space behind the front building.

The property also shares an 8-space parking lot with the neighboring 234 Holmes Ave on a first-come, first-served basis. Recorded property rights provide the neighboring property driveway access across this parcel, while this property may use the shared lot at 234 Holmes Ave. Residential zoning applies, and leasing the storefront for business use requires a variance application to the township. The property is located 11 minutes from Philadelphia Airport and 25 minutes from Center City, with shopping, restaurants, and public transportation nearby.

Key Highlights

• 3,500‑square‑foot mixed‑use property with two buildings
• Front storefront measures 25' wide by 55' deep
• Rear building contains two one‑bedroom apartments

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,363

Cap Rate

9.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$767,260 $767.3K

Cap Rate 7%

$548,043 $548.0K

Cap Rate 9%

$426,256 $426.3K

Market Conditions

NOI Build-Up for 3,500 SF

Gross rent

$63.0K $18.00/SF

− Vacancy

−$8.2K −$2.34/SF

EGI

$54.8K $15.66/SF

− OpEx

−$16.4K −$4.70/SF

NOI

$38.4K $10.96/SF

Area

Delaware County, PA

Vacancy

13.01%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$767,260

Cap Rate 7%

$548,043

Cap Rate 9%

$426,256

Alternative Uses

Best Use

Multifamily LT 5

$548.0K

$479.5K – $639.4K (±1% cap)

NOI $38,363 @ 7.0% cap · market cap 9.03%

Second Best

Apartment 5plus

$501.2K

$438.6K – $584.8K (±1% cap)

NOI $35,086 @ 7.0% cap · market cap 8.26%

Theoretical Best

Office A

$1.06M

$928.5K – $1.24M (±1% cap)

NOI $74,282 @ 7.0% cap · market cap 17.48%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm (Bike/Boat/Book/etc) Store Bakery Accounting Firm Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

815

Businesses Nearby

Explore this area Business Placement

Demographics for 19043, PA

2,737

Population

1,309

Households

2.1

Avg Household Size

41

Median Age

24%

College-Educated

99%

High-School Grad

0.4 sq mi

ZIP Area

6,843

Density / Sq Mi

$113,494

Median Household Income

$47,778

Median Earnings

$1,171

Median Rent

$249,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties 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?

Mixed-use property - Vacant street-facing retail space accompanies two one-bedroom apartments with dedicated parking and established tenants.

Where is this mixed-use property located?

The property is located at 230 HOLMES RD Holmes, PA.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 3,500‑square‑foot mixed‑use property with two buildings; Front storefront measures 25' wide by 55' deep; Rear building contains two one‑bedroom apartments