Building Details

Building Size 1,223 SF

Year Built 1984

Listing Agency: Coldwell Banker Realty Show Phone

Listed By: Melanie Panasiuk · License #RS359923 Show Phone

Source: Lizclarkrealestate

Added: Jul 30 Changed: Aug 8 Last Checked: Aug 4 at 8:47AM

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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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This ground-floor residential income property at 250 Ridge Pike, Unit B-150, is a condominium residence built in 1984. The one-level layout includes three bedrooms and two full bathrooms, with a living room, dining area, and kitchen arranged for everyday use. The primary bedroom has a walk-in closet and its own full bathroom, while the two additional bedrooms can accommodate guests, office use, or other household needs. A private patio extends the living area outdoors.

The property is in Lafayette Hill within the Colonial School District. Major roadways, the PA Turnpike, public transportation, shopping, dining, and parks are all identified as accessible from the community. Lafayette Greene is described as having no age restriction, providing a residential setting for a range of household situations.

Key Highlights

• Ground‑floor condominium unit with three bedrooms and two full bathrooms
• Private patio provides dedicated outdoor space
• Primary bedroom includes a walk‑in closet and private full bathroom

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

$16,523

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

6.01%

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%

$330,460 $330.5K

Cap Rate 7%

$236,043 $236.0K

Cap Rate 9%

$183,589 $183.6K

Market Conditions

NOI Build-Up for 1,223 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

$32.0K $26.16/SF

− Vacancy

−$2.0K −$1.60/SF

EGI

$30.0K $24.56/SF

− OpEx

−$13.5K −$11.05/SF

NOI

$16.5K $13.51/SF

Area

Montgomery County, PA

Vacancy

6.10%

Lease Rate

$26.16 /SF/Yr

Expense Ratio

45.00%

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%

$330,460

Cap Rate 7%

$236,043

Cap Rate 9%

$183,589

Alternative Uses

Best Use

Apartment 5plus

$236.0K

$206.5K – $275.4K (±1% cap)

NOI $16,523 @ 7.0% cap · market cap 6.01%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$703.5K

$615.6K – $820.7K (±1% cap)

NOI $49,244 @ 7.0% cap · market cap 17.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Lafayette Greene Condominium Condominium Complex Be-Still Loan Signing ... Loan Service

Suggested Use

Top Pick Daycare Center Auto Parts Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Plumbing Service Locksmith

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

1

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

197

Businesses Nearby

Explore this area Business Placement

Demographics for 19444, PA

10,806

Population

4,751

Households

2.3

Avg Household Size

45

Median Age

68%

College-Educated

98%

High-School Grad

4.8 sq mi

ZIP Area

2,251

Density / Sq Mi

$153,647

Median Household Income

$86,850

Median Earnings

$2,178

Median Rent

$497,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - Three-bedroom condominium unit with a private patio, primary suite, and convenient access to public transportation.

Where is this residential income property located?

The property is located at 250 RIDGE PIKE Unit B-150 Lafayette Hill, PA.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Ground‑floor condominium unit with three bedrooms and two full bathrooms; Private patio provides dedicated outdoor space; Primary bedroom includes a walk‑in closet and private full bathroom