Medical Condo in Havertown,
For Sale
Contact for pricing
510 Darby Rd, Havertown, PA 19083
3,002 SF medical condo in a high-traffic location.
Property Size3,002 SF
Price / SF$241.51
Days on Market162
Property Features for 510 Darby Rd
General Information
Standard status
Active
Size
3,002 SF
Property subtype
Retail, Office, Hospitality, Special Purpose
Zoning
Commercial Condo
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Units
30
Listing Agency:
Capital Commercial Real Estate
(610) 329-0523
Listed By:
Abigail "Abby" Manero · License #PA AB069254
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 10 at 6:11AM
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 Capital Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 510 Darby Road in Havertown, PA, this property presents a commercial real estate opportunity. The property features a 3,002 SF medical condo suite (Units 2A, 2B, and 2C) previously occupied by a medical/office tenant. Constructed in 1980, the well-maintained facility includes elevator access, 440V electric service, and central A/C. It has 30 dedicated parking spaces in a private, paved, and lighted lot. The property is zoned C (Commercial) and is situated on a high-visibility corner lot at the intersection of Darby Road and E. Langhorne Avenue, with traffic counts of 10,000–15,000 VPD. The location is in the heart of Delaware County within the Haverford Township School District. The property has efficient operating expenses covering snow removal, water and trash. This property is suitable for investment or owner occupancy.
Key Highlights
- High‑visibility corner lot location at Darby Road and E. Langhorne Avenue with significant traffic
- 3,002 SF medical condo suite - ideal for investment, owner/occupant, or medical/office use
- 30 dedicated parking spaces in a private, paved, and lighted lot
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
$38,349
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
5.29%
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%
$766,980
$767.0K
Cap Rate 7%
$547,843
$547.8K
Cap Rate 9%
$426,100
$426.1K
Market Conditions
NOI Build-Up for 3,002 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
$67.7K $22.56/SF
− Vacancy
−$16.6K −$5.53/SF
EGI
$51.1K $17.03/SF
− OpEx
−$12.8K −$4.26/SF
NOI
$38.3K $12.77/SF
Area
Pittsburgh, PA
Vacancy
24.50%
Lease Rate
$22.56 /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%
$766,980
Cap Rate 7%
$547,843
Cap Rate 9%
$426,100
Alternative Uses
Best Use
Office B
$547.8K
$479.4K – $639.2K
NOI $38,349 @ 7.0% cap · market cap 5.29%
Second Best
Healthcare Medical
$519.7K
$454.7K – $606.3K
NOI $36,377 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$956.1K
$836.6K – $1.12M
NOI $66,925 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19083, PA
36,964
Population
13,752
Households
2.7
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
5.6 sq mi
ZIP Area
6,601
Density / Sq Mi
$120,233
Median Household Income
$61,467
Median Earnings
$1,386
Median Rent
$424,100
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?
Medical Office Space - 3,002 SF medical condo in a high-traffic location.
Where is this medical office space located?
The property is located at 510 Darby Rd Havertown, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: High‑visibility corner lot location at Darby Road and E. Langhorne Avenue with significant traffic; 3,002 SF medical condo suite - ideal for investment, owner/occupant, or medical/office use; 30 dedicated parking spaces in a private, paved, and lighted lot
