Mixed-Use Office and Retail
For Sale
Contact for pricing
311 West Baltimore Pike, Media, PA 19063
Commercial property combining office and retail space under HBO zoning.
Property Size26,460 SF
Price / SF$204.08
Days on Market13
Property Features for 311 West Baltimore Pike
General Information
Standard status
Active
Size
26,460 SF
Class
B
Total Parking Spaces
36
Property subtype
Retail, Office, Mixed Use
Zoning
HBO
Building Details
Year Built
2003
Year Renovated
2010
Units
1
Listing Agency:
CBRE - Philadelphia Suburban
(610) 251-5141
Listed By:
Steve Marzullo · License #PA & NJ
Source:
Crexi
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 30 at 8:42AM
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 CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
This mixed-use commercial property combines office and retail space within a 26,460-square-foot building. Constructed in 2003, the asset provides a substantial commercial footprint for users seeking a combination of workplace and customer-facing space.
The property carries HBO zoning and is offered for sale. Its office-and-retail composition supports a range of commercial configurations within one building.
The property carries HBO zoning and is offered for sale. Its office-and-retail composition supports a range of commercial configurations within one building.
Key Highlights
- 26,460‑square‑foot mixed‑use commercial building
- Office and retail space in one property
- Built in 2003
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
$433,796
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
8.03%
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%
$8,675,920
$8.7M
Cap Rate 7%
$6,197,086
$6.2M
Cap Rate 9%
$4,819,956
$4.8M
Market Conditions
NOI Build-Up for 26,460 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
$698.5K $26.40/SF
− Vacancy
−$120.1K −$4.54/SF
EGI
$578.4K $21.86/SF
− OpEx
−$144.6K −$5.46/SF
NOI
$433.8K $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 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%
$8,675,920
Cap Rate 7%
$6,197,086
Cap Rate 9%
$4,819,956
Alternative Uses
Best Use
Office B
$6.20M
$5.42M – $7.23M
NOI $433,796 @ 7.0% cap · market cap 8.03%
Second Best
Mixed Use
$3.74M
$3.27M – $4.37M
NOI $261,954 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$8.02M
$7.02M – $9.36M
NOI $561,568 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 19063, PA
38,338
Population
16,128
Households
2.4
Avg Household Size
46
Median Age
60%
College-Educated
97%
High-School Grad
25.1 sq mi
ZIP Area
1,527
Density / Sq Mi
$121,899
Median Household Income
$70,147
Median Earnings
$1,623
Median Rent
$505,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combining office and retail space under HBO zoning.
Where is this mixed-use property located?
The property is located at 311 West Baltimore Pike Media, PA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 26,460‑square‑foot mixed‑use commercial building; Office and retail space in one property; Built in 2003
