Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Building with Parking Title is generated by Realmo AI

    335 W Baltimore Avenue, Media, PA 19063

    View on Map
    Claim this Listing
    For Sale
    $550,000

    Three-story office building with parking, conversion potential.

    Type:Office
    Property size:
    2,400 SF
    Price / SF:
    $229/SF
    Added:
    Oct 17, 2024
    Days on Market:
    596
    Last Refresh:
    May 13 at 8:21 pm

    Property Features for 335 W Baltimore Avenue

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    Office

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Mary Koch

    Listing agent Mary Koch

    Listing office Century 21 Preferred

    Listing date Oct 17, 2024

    Source Xome

    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 Century 21 Preferred

    HighLights

    • Prime Investment Opportunity: Offered with adjacent building for a combined $1,100,000.
    • Flexible Zoning: Zoned for both office and residential use.
    • Conversion Potential: Can be transformed into a single‑family home or multifamily residence.
    • Ample Parking: Includes 6 private parking spaces.
    • Spacious Interior: Features 3 floors of office space.
    • Historic Charm: Built in 1900, offering unique architectural character.

    Overview

    This property, offered in conjunction with the adjacent building, comprises a three-story office structure. The combined offering is priced at $1,100,000, with each building individually available for $550,000. The building features 2,400 square feet of space and includes six private parking spaces. The property presents the possibility for conversion into a single-family home or a multifamily residence.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $63.4k $26.40
    − Vacancy −$10.9k −$4.54
    EGI $52.5k $21.86
    − OpEx −$13.1k −$5.46
    NOI $39.3k $16.39
    2,400 SF · lease $26.40/SF/yr · vacancy 17.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $562.1K
    $491.8K – $655.8K (±1% cap)
    NOI $39,347 @ 7.0% cap · market cap 7.15%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $727.7K
    $636.7K – $848.9K (±1% cap)
    NOI $50,936 @ 7.0% cap · market cap 9.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Media
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.39445
    Latitude
    39.9179

    Nearby Similar for Sale

    • $499,900

      Professional Office Building in Media

      Well-maintained office building in a desirable Media location.
      1008 N PROVIDENCE Road, MEDIA, PA 19063
      View Details
    • $24

      Prime Office Location in Media

      Professional office space available near downtown Media, Pennsylvania.
      105 CHESLEY DRIVE, MEDIA, PA 19063
      View Details
    • $650,000

      Commercial Building in Prime Location

      Commercial building in Media, PA, operating as a restaurant.
      122 S MANCHESTER Avenue, MEDIA, PA 19063
      View Details
    • $1,075,000

      Versatile Commercial Property in Media

      Mixed-use property with office space, apartment, and parking.
      349 W STATE Street, MEDIA, PA 19063
      View Details
    • $550,000

      MEDIA, PA Office Building

      Three-story office building with conversion potential in Media, PA.
      333 W BALTIMORE Avenue, MEDIA, PA 19063
      View Details
    • $850,000

      Retail Space For Sale

      Tenant-occupied retail space with parking and storage.
      918 N PROVIDENCE ROAD, MEDIA, PA 19063
      View Details
    • $1,000

      Commercial Property in MEDIA, PA

      Commercial property for sale in MEDIA, Pennsylvania, 19063.
      10 BEATTY ROAD, MEDIA, PA 19063
      View Details
    • $250,000
      1,200 SF

      Turnkey Pizza Shop Opportunity

      Established downtown pizza shop with operational systems and training for immediate revenue.
      40 E State St, Media, PA
      View Details
    • $925,000
      4,200 SF

      Fully Leased Office Buildings Investment

      Two office buildings, fully leased, near downtown Media.
      9 W FRONT STREET, MEDIA, PA 19063
      View Details
    • $1,190,000
      6,225 SF

      Media Office Building For Sale

      6,225 SF office building in Media, PA available for purchase.
      218 W Front St, Media, PA
      View Details
    • $550,000

      Office Building in Media, PA

      Three-story office building with conversion potential and parking.
      335 W BALTIMORE Avenue, MEDIA, PA 19063
      View Details
    • Contact for pricing
      26,744 SF

      Three-Story Office Building For Sale

      Three-story office building with leaseback option in Media, PA.
      311 E Baltimore Ave, Media, PA
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building with parking, conversion potential.
    Where is this office building located?
    The property is located at 335 W Baltimore Avenue Media, PA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Prime Investment Opportunity: Offered with adjacent building for a combined $1,100,000.; Flexible Zoning: Zoned for both office and residential use.; Conversion Potential: Can be transformed into a single‑family home or multifamily residence.
    (610) 565-8990
    We can help!
    Listing Contact
    Mary Koch
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    335 W Baltimore Avenue, Media, PA 19063
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!