Mixed-Use Building with
238 HOLMES ROAD, Holmes, PA 19043
For Sale
New
$399,900
A clear-span ground-floor shop and office layout sits below a former one-bedroom apartment with a full bath.
Property Size2,200 SF
Price / SF$181.77
Days on Market5
Property Features for 238 HOLMES ROAD
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Public Transit
Utilities to Site
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Building Details
Year Built
Buildings
Stories
Listing Agency:
SCOTT REALTY GROUP
(610) 891-8300
Listed By:
Christine D Hallman · License #RS229146
(610) 636-6800
Source:
Cummingsrealtors
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 3:56PM
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 SCOTT REALTY GROUP
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Investment Insights
Based on property information with market context.
This 2,200-square-foot mixed-use property, built in 1950, has two levels. The ground floor includes a clear-span shop area, front and rear offices, a kitchenette, and a powder room. Above, the former residential space is configured as a one-bedroom apartment with a full bath, plus attic storage. A fenced yard is located at the rear of the property.
The property is near the MacDade Boulevard and Holmes Road intersection and a Wawa, with access to I-95, I-476, the Philadelphia International Airport, and public transportation. Stores and restaurants are also nearby.
The property is near the MacDade Boulevard and Holmes Road intersection and a Wawa, with access to I-95, I-476, the Philadelphia International Airport, and public transportation. Stores and restaurants are also nearby.
Key Highlights
- 2,200‑square‑foot mixed‑use property built in 1950
- Ground floor includes clear‑span shop space, two offices, kitchenette, and powder room
- Upper level configured as a former one‑bedroom apartment with full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,780
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,600
$435.6K
Cap Rate 7%
$311,143
$311.1K
Cap Rate 9%
$242,000
$242.0K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$39.6K $18.00/SF
− Vacancy
−$4.8K −$2.16/SF
EGI
$34.8K $15.84/SF
− OpEx
−$13.1K −$5.94/SF
NOI
$21.8K $9.90/SF
Area
Delaware County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,600
Cap Rate 7%
$311,143
Cap Rate 9%
$242,000
Alternative Uses
Best Use
Mixed Use
$311.1K
$272.3K – $363.0K
NOI $21,780 @ 7.0% cap · market cap 5.45%
Second Best
Retail
$308.6K
$270.0K – $360.0K
NOI $21,599 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$754.0K
$659.8K – $879.7K
NOI $52,783 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
333k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 24%
Apparel 20%
Groceries 17%
Wawa
Shops & Services
49,316 visits/mo
0.4 miles
ACME Markets
Groceries
40,230 visits/mo
0.4 miles
Marshalls
Apparel
32,213 visits/mo
0.4 miles
McDonald's
Dining
25,471 visits/mo
0.3 miles
Ross Dress for Less
Apparel
22,642 visits/mo
0.4 miles
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
$249,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Delaware County, PA
Properties on Market for Mixed-use properties in Delaware County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A clear-span ground-floor shop and office layout sits below a former one-bedroom apartment with a full bath.
Where is this mixed-use property located?
The property is located at 238 HOLMES ROAD Holmes, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,200‑square‑foot mixed‑use property built in 1950; Ground floor includes clear‑span shop space, two offices, kitchenette, and powder room; Upper level configured as a former one‑bedroom apartment with full bath
