Second-Floor Office
For Sale
Contact for pricing
28 GARRETT AVENUE #200, Bryn Mawr, PA 19010
Second-floor office units with individual offices and a common waiting area, plus free onsite parking and signage.
Property Size10,000 SF
Price / SF$0.20
Days on Market101
Property Features for 28 GARRETT AVENUE #200
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Building Details
Year Built
1976
Listing Agency:
Prime Realty Group Inc
(610) 668-1733
Listed By:
Stuart Dessner · License #RM060781A
(610) 308-7300
Source:
Cummingsrealtors
Added: Jul 18
Changed: Oct 25
Last Checked: Oct 24 at 5:22PM
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 Prime Realty Group Inc
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Investment Insights
Based on property information with market context.
A charming, home-style office building offering second-floor suites with individual offices. The available space also includes a common waiting area, supporting client-facing use.
Free onsite parking is available, and signage is offered. The property is within walking distance to the Rosemont train station.
This suite is located at 28 Garrett Avenue, #200, Bryn Mawr, PA 19010.
Free onsite parking is available, and signage is offered. The property is within walking distance to the Rosemont train station.
This suite is located at 28 Garrett Avenue, #200, Bryn Mawr, PA 19010.
Key Highlights
- Second‑floor office space in a building built in 1976
- Includes individual offices plus a common waiting area
- Free onsite parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,944
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,278,880
$3.3M
Cap Rate 7%
$2,342,057
$2.3M
Cap Rate 9%
$1,821,600
$1.8M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$264.0K $26.40/SF
− Vacancy
−$45.4K −$4.54/SF
EGI
$218.6K $21.86/SF
− OpEx
−$54.6K −$5.46/SF
NOI
$163.9K $16.39/SF
Area
Delaware County, PA
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,278,880
Cap Rate 7%
$2,342,057
Cap Rate 9%
$1,821,600
Alternative Uses
Best Use
Office B
$2.34M
$2.05M – $2.73M
NOI $163,944 @ 7.0% cap · market cap 8,197.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,233 @ 7.0% cap · market cap 10,611.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
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Business Placement
Demographics for 19010, PA
21,270
Population
8,520
Households
2.5
Avg Household Size
38
Median Age
77%
College-Educated
98%
High-School Grad
8.5 sq mi
ZIP Area
2,502
Density / Sq Mi
$143,986
Median Household Income
$61,732
Median Earnings
$1,890
Median Rent
$788,700
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 unit - Second-floor office units with individual offices and a common waiting area, plus free onsite parking and signage.
Where is this office unit located?
The property is located at 28 GARRETT AVENUE #200 Bryn Mawr, PA.
What are key features of this property?
This property features: Second‑floor office space in a building built in 1976; Includes individual offices plus a common waiting area; Free onsite parking available
