Building Details

Building Size 1,265 SF

Year Built 1984

Listing Agency: Springer Realty Group r***@gmail.com Show Phone

Listed By: Rehana Syed · License #RS308439 Show Phone

Source: Lizclarkrealestate

Added: May 30 Changed: Aug 8 Last Checked: Aug 9 at 11:14AM

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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 Springer Realty Group

Investment Insights

Based on property information with market context.

This lower-level condo at Lafayette Green provides a practical single-floor layout with a living room, dining area, kitchen, and two bedrooms. The kitchen includes ample cabinet storage, while the primary suite features a walk-in closet and private full bath. Direct entry from the parking area adds convenience, and the property includes two full bathrooms overall.

Built in 1984, the residence is located in Lafayette Hill within the Colonial School District. Access to I-76, I-476, the PA Turnpike, Ridge Pike, and Germantown Pike connects the property with Center City Philadelphia, King of Prussia, Conshohocken, Plymouth Meeting, and nearby areas. Public transportation, shopping, restaurants, parks, and daily conveniences are also located nearby.

Key Highlights

• Two‑bedroom, two‑full‑bath condo in Lafayette Green
• Lower‑level layout with direct access from the parking area
• Primary suite includes a walk‑in closet and private full bath

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

$17,091

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

7.12%

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%

$341,820 $341.8K

Cap Rate 7%

$244,157 $244.2K

Cap Rate 9%

$189,900 $189.9K

Market Conditions

NOI Build-Up for 1,265 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

$33.1K $26.16/SF

− Vacancy

−$2.0K −$1.60/SF

EGI

$31.1K $24.56/SF

− OpEx

−$14.0K −$11.05/SF

NOI

$17.1K $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%

$341,820

Cap Rate 7%

$244,157

Cap Rate 9%

$189,900

Alternative Uses

Best Use

Apartment 5plus

$244.2K

$213.6K – $284.9K (±1% cap)

NOI $17,091 @ 7.0% cap · market cap 7.12%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$727.6K

$636.7K – $848.9K (±1% cap)

NOI $50,935 @ 7.0% cap · market cap 21.23%

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.

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 - Lower-level condo offering single-floor living, direct parking-area access, and a primary suite with private bath.

Where is this residential income property located?

The property is located at 250 RIDGE PIKE Unit C60 Lafayette Hill, PA.

What is the asking price?

The asking price for this property is $239,900.

What are key features of this property?

This property features: Two‑bedroom, two‑full‑bath condo in Lafayette Green; Lower‑level layout with direct access from the parking area; Primary suite includes a walk‑in closet and private full bath