Two-Story Mixed-Use
New
For Sale
$285,000
700 Lloyd St, Chester, PA 19013
Commercial space occupies the first floor, with two updated one-bedroom apartments above and separate utilities for each unit.
Property Size2,500 SF
Price / SF$114
Days on Market2
Property Features for 700 Lloyd St
General Information
Standard status
Active
Size
2,500 SF
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1920
Stories
2
Listing Agency:
RE/MAX Prime Real Estate
(610) 622-7500
Listed By:
Jaimee A. Cohen · License #RM424669
Source:
Kandorre
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 6 at 1:53AM
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 RE/MAX Prime Real Estate
Investment Insights
Based on property information with market context.
Built in 1920, this 2,500-square-foot mixed-use property combines a commercial first floor with two residential apartments. The commercial area includes a partially equipped kitchen, storage room, bar area, and two powder rooms, supporting a range of food-service or business configurations. The upper level contains two updated one-bedroom, one-bathroom apartments, each with a renovated kitchen featuring granite countertops and upgraded cabinetry, a renovated bathroom, and vinyl flooring.
Each apartment has its own forced-air heating and central air, electric service, and water heater. The property is located at 700 Lloyd St in Chester, Pennsylvania. It is offered AS-IS, and buyers are responsible for confirming that any proposed use complies with City requirements.
Each apartment has its own forced-air heating and central air, electric service, and water heater. The property is located at 700 Lloyd St in Chester, Pennsylvania. It is offered AS-IS, and buyers are responsible for confirming that any proposed use complies with City requirements.
Key Highlights
- 2,500‑square‑foot mixed‑use building constructed in 1920
- Commercial first floor with partially equipped kitchen, storage, bar area, and two powder rooms
- Two updated 1‑bedroom, 1‑bathroom apartments
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
$25,062
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
8.79%
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%
$501,240
$501.2K
Cap Rate 7%
$358,029
$358.0K
Cap Rate 9%
$278,467
$278.5K
Market Conditions
NOI Build-Up for 2,500 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
$52.8K $21.12/SF
− Vacancy
−$7.2K −$2.89/SF
EGI
$45.6K $18.23/SF
− OpEx
−$20.5K −$8.20/SF
NOI
$25.1K $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%
$501,240
Cap Rate 7%
$358,029
Cap Rate 9%
$278,467
Alternative Uses
Best Use
Specialty Retail
$459.0K
$401.6K – $535.5K
NOI $32,130 @ 7.0% cap · market cap 11.27%
Second Best
Multifamily LT 5
$391.5K
$342.5K – $456.7K
NOI $27,402 @ 7.0% cap · market cap 9.61%
Theoretical Best
Office A
$758.0K
$663.2K – $884.3K
NOI $53,058 @ 7.0% cap · market cap 18.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 19013, PA
34,252
Population
15,664
Households
2.2
Avg Household Size
34
Median Age
13%
College-Educated
86%
High-School Grad
5.6 sq mi
ZIP Area
6,116
Density / Sq Mi
$39,416
Median Household Income
$31,668
Median Earnings
$1,083
Median Rent
$85,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space occupies the first floor, with two updated one-bedroom apartments above and separate utilities for each unit.
Where is this mixed-use property located?
The property is located at 700 Lloyd St Chester, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 2,500‑square‑foot mixed‑use building constructed in 1920; Commercial first floor with partially equipped kitchen, storage, bar area, and two powder rooms; Two updated 1‑bedroom, 1‑bathroom apartments
