Mixed-Use Building with
For Sale
$1,950,000
6840 West Chester Pike, Upper Darby, PA 19082
Income-producing property combining street-level commercial space with residential apartments and studios in Upper Darby.
Property Size13,000 SF
Price / SF$150
Days on Market10
Property Features for 6840 West Chester Pike
General Information
Standard status
Active
Size
13,000 SF
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 3 x studio
Multifamily Units
5
Building Details
Year Built
1924
Tenancy
Multi
Listing Agency:
PK PROPERTY INC.
(215) 635-5100
Listed By:
Peter Han · License #RM422904
Source:
Burkhart
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 25 at 4:13AM
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 PK PROPERTY INC.
Investment Insights
Based on property information with market context.
This mixed-use property at 6840 West Chester Pike includes approximately 13,000 square feet across commercial and residential components. The building contains street-level retail and service space along with apartments and studio units, including renovated residential units and a studio configured for office use. Commercial occupants include a convenience store and tattoo shop, while residential accommodations include one- and two-bedroom apartments and studios. One commercial tenancy carries a 15-year lease, and the 6844 commercial space has 7 years remaining on its lease.
The property is located near the 69th and Market Street area, with bus and train service one block away. Surrounding businesses include McDonald's, H&M, Dunkin' Donuts, and Bank of America. Built in 1924, the building offers a combination of retail, service, apartment, and studio space within an established Upper Darby commercial setting.
The property is located near the 69th and Market Street area, with bus and train service one block away. Surrounding businesses include McDonald's, H&M, Dunkin' Donuts, and Bank of America. Built in 1924, the building offers a combination of retail, service, apartment, and studio space within an established Upper Darby commercial setting.
Key Highlights
- Approximately 13,000 SF mixed‑use building
- Street‑level commercial space includes a convenience store and tattoo shop
- Residential mix includes one- and two‑bedroom apartments plus studio units
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
$130,320
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
6.68%
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%
$2,606,400
$2.6M
Cap Rate 7%
$1,861,714
$1.9M
Cap Rate 9%
$1,448,000
$1.4M
Market Conditions
NOI Build-Up for 13,000 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
$274.6K $21.12/SF
− Vacancy
−$37.6K −$2.89/SF
EGI
$236.9K $18.23/SF
− OpEx
−$106.6K −$8.20/SF
NOI
$130.3K $10.02/SF
Area
Delaware County, PA
Vacancy
13.70%
Lease Rate
$21.12 /SF/Yr
Expense Ratio
45.00%
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%
$2,606,400
Cap Rate 7%
$1,861,714
Cap Rate 9%
$1,448,000
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,320 @ 7.0% cap · market cap 6.68%
Second Best
Mixed Use
$1.84M
$1.61M – $2.15M
NOI $128,700 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$3.94M
$3.45M – $4.60M
NOI $275,903 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
Explore this area
Business Placement
Demographics for 19082, PA
42,761
Population
16,775
Households
2.5
Avg Household Size
35
Median Age
23%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
16,447
Density / Sq Mi
$55,551
Median Household Income
$36,139
Median Earnings
$1,178
Median Rent
$155,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property combining street-level commercial space with residential apartments and studios in Upper Darby.
Where is this mixed-use property located?
The property is located at 6840 West Chester Pike Upper Darby, PA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Approximately 13,000 SF mixed‑use building; Street‑level commercial space includes a convenience store and tattoo shop; Residential mix includes one- and two‑bedroom apartments plus studio units
