Two-Unit Office
For Sale
Contact for pricing
533 GREENWOOD, Jenkintown, PA 19046
Two office areas offer distinct workspaces, a shared restroom, and dedicated storage for each unit.
Property Size3,148 SF
Price / SF$0.48
Days on Market51
Property Features for 533 GREENWOOD
General Information
Standard status
Active
Size
3,148 SF
Property subtype
Commercial
Additional Details
Office Units
2
Building Details
Year Built
1870
Listing Agency:
Honest Real Estate
(215) 904-6001
Listed By:
Ken Milgrom · License #AB069668
(215) 806-5897
Source:
Cummingsrealtors
Added: Sep 3
Changed: Oct 21
Last Checked: Oct 20 at 9:31PM
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 Honest Real Estate
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Investment Insights
Based on property information with market context.
This 3,148-square-foot office property is arranged as two units within a building constructed in 1870. Unit A includes an office area with partitioned workstations, while Unit B combines a front office area with a rear room. The units share a bathroom and each has its own storage area.
Located at 533 Greenwood in Jenkintown, Pennsylvania, the property provides a flexible setup for office users seeking separate work areas within one commercial building. The existing layout supports distinct unit configurations while retaining shared restroom access.
Located at 533 Greenwood in Jenkintown, Pennsylvania, the property provides a flexible setup for office users seeking separate work areas within one commercial building. The existing layout supports distinct unit configurations while retaining shared restroom access.
Key Highlights
- 3,148‑square‑foot office property in Jenkintown
- Two office units with separate work areas
- Unit A includes partitioned office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,492
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,840
$989.8K
Cap Rate 7%
$707,029
$707.0K
Cap Rate 9%
$549,911
$549.9K
Market Conditions
NOI Build-Up for 3,148 SF
Gross rent
$82.0K $26.04/SF
− Vacancy
−$16.0K −$5.08/SF
EGI
$66.0K $20.96/SF
− OpEx
−$16.5K −$5.24/SF
NOI
$49.5K $15.72/SF
Area
Montgomery County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,840
Cap Rate 7%
$707,029
Cap Rate 9%
$549,911
Alternative Uses
Best Use
Office B
$707.0K
$618.7K – $824.9K
NOI $49,492 @ 7.0% cap · market cap 3,299.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.81M
$1.58M – $2.11M
NOI $126,753 @ 7.0% cap · market cap 8,450.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
2,197
Businesses Nearby
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Business Placement
Demographics for 19046, PA
19,669
Population
8,418
Households
2.3
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
2,936
Density / Sq Mi
$112,959
Median Household Income
$66,042
Median Earnings
$1,433
Median Rent
$446,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two office areas offer distinct workspaces, a shared restroom, and dedicated storage for each unit.
Where is this office unit located?
The property is located at 533 GREENWOOD Jenkintown, PA.
What are key features of this property?
This property features: 3,148‑square‑foot office property in Jenkintown; Two office units with separate work areas; Unit A includes partitioned office space
