Building Details

Building Size 7,843 SF

Year Built 1865

Tenancy Multi

Listing Agency: Keller Williams Main Line

Listed By: Jon M O'Shea · License #ab069634 Show Phone

Source: Lizclarkrealestate

Added: Sep 4 Changed: Sep 6 Last Checked: Sep 7 at 9:44AM

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Investment Insights

Based on property information with market context.

This mixed-use property contains 7,843 square feet with a fully renovated 2,657-square-foot commercial area, three apartments, and 1,969 square feet of unfinished basement space. The improvements include a completed daycare buildout and updates to the residential units. One three-bedroom apartment is currently vacant, providing an available residential unit within the property. A detached two-car garage and 15 on-site parking spaces add functional support for the building’s mixed-use configuration.

The commercial space is subject to a new five-year daycare lease beginning October 1, 2026, with a further five-year renewal option. The 10,400-square-foot parcel offers 84 feet along DeKalb Street and is located near King of Prussia, SEPTA rail service, and Route 99. Constructed in 1865, the property combines renovated commercial improvements with residential accommodations and additional unfinished area.

Key Highlights

• 7,843 SF mixed‑use property with 2,657 SF of renovated commercial space
• Three apartments, including one vacant 3‑bedroom unit
• New 5‑year daycare lease begins 10/1/26 with a 5‑year renewal option

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

$81,175

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

7.55%

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%

$1,623,500 $1.6M

Cap Rate 7%

$1,159,643 $1.2M

Cap Rate 9%

$901,944 $901.9K

Market Conditions

NOI Build-Up for 7,843 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

$141.2K $18.00/SF

− Vacancy

−$11.3K −$1.44/SF

EGI

$129.9K $16.56/SF

− OpEx

−$48.7K −$6.21/SF

NOI

$81.2K $10.35/SF

Area

Montgomery County, PA

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

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%

$1,623,500

Cap Rate 7%

$1,159,643

Cap Rate 9%

$901,944

Alternative Uses

Best Use

Apartment 5plus

$1.51M

$1.32M – $1.77M (±1% cap)

NOI $105,962 @ 7.0% cap · market cap 9.86%

Second Best

Mixed Use

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $81,175 @ 7.0% cap · market cap 7.55%

Theoretical Best

Specialty Retail

$4.51M

$3.95M – $5.26M (±1% cap)

NOI $315,796 @ 7.0% cap · market cap 29.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Day care centers

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Locksmith Acupuncture Skin Care Clinic Tech Support Center

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

3

Residential units

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,084

Businesses Nearby

Explore this area Business Placement

Demographics for 19405, PA

5,558

Population

2,318

Households

2.4

Avg Household Size

36

Median Age

42%

College-Educated

94%

High-School Grad

1.0 sq mi

ZIP Area

5,558

Density / Sq Mi

$78,777

Median Household Income

$52,604

Median Earnings

$1,483

Median Rent

$314,700

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?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Combines commercial space, three apartments, and a detached garage.

Where is this mixed-use property located?

The property is located at 700 DEKALB STREET Bridgeport, PA.

What is the asking price?

The asking price for this property is $1,075,000.

What are key features of this property?

This property features: 7,843 SF mixed‑use property with 2,657 SF of renovated commercial space; Three apartments, including one vacant 3‑bedroom unit; New 5‑year daycare lease begins 10/1/26 with a 5‑year renewal option