Retail/Office Building with
For Sale
$515,000
4306-4308 TOWNSHIP LINE Road, Drexel Hill, PA 19026
Commercial Sale - DREXEL HILL, PA
Property Size2,950 SF
Price / SF$174.58
Days on Market115
Property Features for 4306-4308 TOWNSHIP LINE Road
General Information
Property type
Other
Property subtype
Retail
Parking
5
Parking features
On Street, Parking Lot
Elementary school district
UPPER DARBY
Middle school district
UPPER DARBY
High school district
UPPER DARBY
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
12192
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1970
Building materials
Stone, Frame
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Kevin Le · License #RS349630
(267) 918-5234
Added: Apr 19
Changed: Jul 13
Last Checked: Aug 11 at 7:06PM
MLS# PADE2113084
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail/office property for sale includes two units at 4306–4308 Township Line Road. Unit 4306 offers 650 SF and is currently leased to an established barbershop with a lease term through July 2028. Unit 4308 is vacant and contains 2,300 SF; it was extensively renovated in 2023 with new HVAC, flooring, lighting, and ceilings. The layout provides a flexible open floor plan, along with a rear overhead door for loading and secondary access via Drexel Avenue.
The property is situated at an intersection with a traffic light, supporting prominent visibility. It also offers on-site parking and is located minutes from I-476 and Center City.
Unit 4308’s renovation and functional layout make it well-suited to a range of retail, office, or food-service uses, while the existing leased unit provides immediate tenancy within the same building.
The property is situated at an intersection with a traffic light, supporting prominent visibility. It also offers on-site parking and is located minutes from I-476 and Center City.
Unit 4308’s renovation and functional layout make it well-suited to a range of retail, office, or food-service uses, while the existing leased unit provides immediate tenancy within the same building.
Key Highlights
- Prime Route 1 location with high visibility at a signalized intersection.
- 2,300 SF vacant unit extensively renovated in 2023** with new HVAC, flooring, lighting, and ceilings.
- Existing lease in place for 650 SF unit with an established barbershop generating $1,250/month through July 2028.
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
$28,962
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
5.62%
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%
$579,240
$579.2K
Cap Rate 7%
$413,743
$413.7K
Cap Rate 9%
$321,800
$321.8K
Market Conditions
NOI Build-Up for 2,950 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
$44.3K $15.00/SF
− Vacancy
−$2.9K −$0.98/SF
EGI
$41.4K $14.03/SF
− OpEx
−$12.4K −$4.21/SF
NOI
$29.0K $9.82/SF
Area
Delaware County, PA
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$579,240
Cap Rate 7%
$413,743
Cap Rate 9%
$321,800
Alternative Uses
Best Use
Office B
$690.9K
$604.5K – $806.1K
NOI $48,363 @ 7.0% cap · market cap 9.39%
Second Best
Retail
$413.7K
$362.0K – $482.7K
NOI $28,962 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$894.4K
$782.6K – $1.04M
NOI $62,609 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
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?
Storefront property - Building includes a leased 650 SF storefront and a renovated 2,300 SF vacant unit with a rear overhead door.
Where is this storefront property located?
The property is located at 4306-4308 TOWNSHIP LINE Road Drexel Hill, PA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Prime Route 1 location with high visibility at a signalized intersection.; 2,300 SF vacant unit extensively renovated in 2023** with new HVAC, flooring, lighting, and ceilings.; Existing lease in place for 650 SF unit with an established barbershop generating $1,250/month through July 2028.
