Tudor Live-Work
For Sale
$595,000
412 W Baltimore Ave, Media, PA 19063
HBO-zoned property offers residential flexibility with a separately accessed lower-level office area and private rear parking.
Property Size1,800 SF
Price / SF$330.56
Days on Market13
Property Features for 412 W Baltimore Ave
General Information
Standard status
Active
Size
1,800 SF
Zoning
HBO
Additional Details
Public Transit
Yes
Amenities
gas fireplace
heated sun room
Building Details
Year Built
1920
Buildings
1
Construction
Tudor
Abandoned
No
Listing Agency:
Keller Williams Realty Devon-Wayne
(484) 433-3810
Listed By:
Ayse Clay · License #AB067360
Source:
Kathywolfgang
Added: Aug 18
Changed: Aug 29
Last Checked: Aug 30 at 7:25PM
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 Keller Williams Realty Devon-Wayne
Investment Insights
Based on property information with market context.
This 1,800-square-foot Tudor-style property, built in 1920, combines a residential layout with office-oriented flexibility under HBO (Highway Business Office) zoning. The main level includes a living room with gas fireplace, dining room, kitchen, half bath, laundry room, rear access, and heated sunroom. Four hardwood-floored bedrooms and a full bath occupy the second floor. A separately entered lower level provides an open room and half bath for office use or finished basement space.
The property is at 412 W Baltimore Ave in Media Borough, one block from State St and near the SEPTA Media Train Station, Glen Providence Park, Sterling Pig Brewery, Burlap & Bean Coffee, Fine Wine & Spirits, and Towne House. Private off-street parking is located behind the building. The configuration supports full residential occupancy, residential use with lower-level office space, or office use throughout, as permitted by applicable requirements.
The property is at 412 W Baltimore Ave in Media Borough, one block from State St and near the SEPTA Media Train Station, Glen Providence Park, Sterling Pig Brewery, Burlap & Bean Coffee, Fine Wine & Spirits, and Towne House. Private off-street parking is located behind the building. The configuration supports full residential occupancy, residential use with lower-level office space, or office use throughout, as permitted by applicable requirements.
Key Highlights
- HBO (Highway Business Office) zoning with residential and office‑use flexibility
- 1,800 square feet in a Tudor‑style property built in 1920
- Four bedrooms and hardwood floors on the second level
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
$29,510
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
4.96%
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%
$590,200
$590.2K
Cap Rate 7%
$421,571
$421.6K
Cap Rate 9%
$327,889
$327.9K
Market Conditions
NOI Build-Up for 1,800 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
$47.5K $26.40/SF
− Vacancy
−$8.2K −$4.54/SF
EGI
$39.3K $21.86/SF
− OpEx
−$9.8K −$5.46/SF
NOI
$29.5K $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%
$590,200
Cap Rate 7%
$421,571
Cap Rate 9%
$327,889
Alternative Uses
Best Use
Office B
$421.6K
$368.9K – $491.8K
NOI $29,510 @ 7.0% cap · market cap 4.96%
Second Best
Mixed Use
$254.6K
$222.8K – $297.0K
NOI $17,820 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$545.7K
$477.5K – $636.7K
NOI $38,202 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,055
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - HBO-zoned property offers residential flexibility with a separately accessed lower-level office area and private rear parking.
Where is this live-work space located?
The property is located at 412 W Baltimore Ave Media, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: HBO (Highway Business Office) zoning with residential and office‑use flexibility; 1,800 square feet in a Tudor‑style property built in 1920; Four bedrooms and hardwood floors on the second level
