Building Details

Year Built 1900

Listing Agency: Long & Foster Real Estate, Inc.

Listed By: Scott J Mayer · License #AB043312A Show Phone

Source: Kathywolfgang

Added: Sep 29 Changed: Oct 2 Last Checked: Oct 7 at 1:27PM

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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 Long & Foster Real Estate, Inc.

Investment Insights

Based on property information with market context.

The 3,585-square-foot mixed-use property includes retail or office space that is currently vacant and four apartments. The residential layout consists of a bi-level two-bedroom unit, two one-bedroom units, and an efficiency. Each apartment has a separate entrance. Some utilities are separately metered or serviced, but not all.

An on-site parking lot accommodates 8 cars. The property is located at 500 Germantown Pike in Lafayette Hill, Pennsylvania.

Key Highlights

• 3,585‑square‑foot mixed‑use property
• Four apartments: one bi‑level 2‑bedroom, two 1‑bedroom units, and one efficiency
• Each apartment has its own separate entrance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,435

Cap Rate

6.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$968,700 $968.7K

Cap Rate 7%

$691,929 $691.9K

Cap Rate 9%

$538,167 $538.2K

Market Conditions

NOI Build-Up for 3,585 SF

Gross rent

$93.8K $26.16/SF

− Vacancy

−$5.7K −$1.60/SF

EGI

$88.1K $24.56/SF

− OpEx

−$39.6K −$11.05/SF

NOI

$48.4K $13.51/SF

Area

Montgomery County, PA

Vacancy

6.10%

Lease Rate

$26.16 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$968,700

Cap Rate 7%

$691,929

Cap Rate 9%

$538,167

Alternative Uses

Best Use

Apartment 5plus

$691.9K

$605.4K – $807.3K (±1% cap)

NOI $48,435 @ 7.0% cap · market cap 6.09%

Second Best

Retail

$618.2K

$540.9K – $721.2K (±1% cap)

NOI $43,274 @ 7.0% cap · market cap 5.44%

Theoretical Best

Specialty Retail

$2.06M

$1.80M – $2.41M (±1% cap)

NOI $144,349 @ 7.0% cap · market cap 18.16%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Brambles Florist (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Hair Salon Restaurant HVAC Service Auto Repair Shop Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

541

Businesses Nearby

Explore this area Business Placement

Demographics for 19444, PA

10,806

Population

4,751

Households

2.3

Avg Household Size

45

Median Age

68%

College-Educated

98%

High-School Grad

4.8 sq mi

ZIP Area

2,251

Density / Sq Mi

$153,647

Median Household Income

$86,850

Median Earnings

$2,178

Median Rent

$497,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Vacant retail or office space is paired with four apartments, each with a separate entrance.

Where is this mixed-use property located?

The property is located at 500 E Germantown Pike Lafayette Hill, PA.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: 3,585‑square‑foot mixed‑use property; Four apartments: one bi‑level 2‑bedroom, two 1‑bedroom units, and one efficiency; Each apartment has its own separate entrance