Contiguous Multi-Suite Office
For Sale
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2778 JENKINTOWN ROAD, Glenside, PA 19038
Three connected office addresses offer multiple private offices, conference rooms, and bullpen areas.
Property Size3,400 SF
Price / SF$2.21
Days on Market49
Property Features for 2778 JENKINTOWN ROAD
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Commercial
Amenities
fireplace
built-ins
conference room
kitchenette
handicap accessible
Building Details
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Diane M Reddington · License #RS159059A
(215) 641-2727
Source:
Cummingsrealtors
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 3 at 7:40AM
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
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Investment Insights
Based on property information with market context.
This office property combines three connected addresses into one contiguous workspace. The main building includes a reception area with fireplace and built-ins, a conference room with exterior access, private offices, an open bullpen, and two additional upper-level offices. A lower-level suite has separate front and rear entrances, two offices, a bullpen, kitchenette, and powder room. The third address adds a conference room, private office, reception or bullpen area, kitchenette, and powder room.
The third suite provides step-free access from the parking lot and is handicap accessible. The property is identified as 2778, 2780, and 2782 Jenkintown Rd in Glenside, Pennsylvania. Built in 1950, the connected layout supports several distinct office areas within one property.
The third suite provides step-free access from the parking lot and is handicap accessible. The property is identified as 2778, 2780, and 2782 Jenkintown Rd in Glenside, Pennsylvania. Built in 1950, the connected layout supports several distinct office areas within one property.
Key Highlights
- Three contiguous office addresses: 2778, 2780, and 2782 Jenkintown Rd
- Main building includes reception area, fireplace, built‑ins, conference room, private offices, and bullpen space
- Lower‑level suite has separate front and rear entrances, two offices, kitchenette, and powder room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,454
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,069,080
$1.1M
Cap Rate 7%
$763,629
$763.6K
Cap Rate 9%
$593,933
$593.9K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$88.5K $26.04/SF
− Vacancy
−$17.3K −$5.08/SF
EGI
$71.3K $20.96/SF
− OpEx
−$17.8K −$5.24/SF
NOI
$53.5K $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 Rate 5%
$1,069,080
Cap Rate 7%
$763,629
Cap Rate 9%
$593,933
Alternative Uses
Best Use
Office B
$763.6K
$668.2K – $890.9K
NOI $53,454 @ 7.0% cap · market cap 712.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.96M
$1.71M – $2.28M
NOI $136,900 @ 7.0% cap · market cap 1,825.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
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Business Placement
Demographics for 19038, PA
32,490
Population
11,889
Households
2.7
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
8.2 sq mi
ZIP Area
3,962
Density / Sq Mi
$113,464
Median Household Income
$56,934
Median Earnings
$1,407
Median Rent
$387,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Three connected office addresses offer multiple private offices, conference rooms, and bullpen areas.
Where is this office building located?
The property is located at 2778 JENKINTOWN ROAD Glenside, PA.
What are key features of this property?
This property features: Three contiguous office addresses: 2778, 2780, and 2782 Jenkintown Rd; Main building includes reception area, fireplace, built‑ins, conference room, private offices, and bullpen space; Lower‑level suite has separate front and rear entrances, two offices, kitchenette, and powder room
