Four-Unit Mixed-Use
For Sale
$750,000
707 West Ave, Jenkintown, PA 19046
Combines retail storefronts with residential apartments in a Jenkintown Borough setting.
Property Size3,560 SF
Price / SF$210.67
Days on Market10
Property Features for 707 West Ave
General Information
Standard status
Active
Size
3,560 SF
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Delphi Property Group, LLC
(215) 627-7300
Listed By:
Jaqi Kleiman
Source:
Kathywolfgang
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 25 at 4:57AM
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 Delphi Property Group, LLC
Investment Insights
Based on property information with market context.
This mixed-use property is arranged as four income-producing units, combining two retail spaces with two residential apartments. The commercial component includes a clothing store and a fully built-out restaurant, providing distinct retail and food-service configurations within the same property.
Located in Jenkintown Borough, the asset brings retail and residential uses together in one income-producing property. The existing layout offers a combination of commercial storefront activity and apartment occupancy, with the property also available for separate sale.
Located in Jenkintown Borough, the asset brings retail and residential uses together in one income-producing property. The existing layout offers a combination of commercial storefront activity and apartment occupancy, with the property also available for separate sale.
Key Highlights
- Four income‑producing units in a mixed‑use configuration
- Two retail spaces, including a clothing store and fully built‑out restaurant
- Two residential apartments included
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
$48,097
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
6.41%
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%
$961,940
$961.9K
Cap Rate 7%
$687,100
$687.1K
Cap Rate 9%
$534,411
$534.4K
Market Conditions
NOI Build-Up for 3,560 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
$93.1K $26.16/SF
− Vacancy
−$5.7K −$1.60/SF
EGI
$87.4K $24.56/SF
− OpEx
−$39.4K −$11.05/SF
NOI
$48.1K $13.51/SF
Area
Montgomery County, PA
Vacancy
6.10%
Lease Rate
$26.16 /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%
$961,940
Cap Rate 7%
$687,100
Cap Rate 9%
$534,411
Alternative Uses
Best Use
Specialty Retail
$2.05M
$1.79M – $2.39M
NOI $143,342 @ 7.0% cap · market cap 19.11%
Second Best
Apartment 5plus
$687.1K
$601.2K – $801.6K
NOI $48,097 @ 7.0% cap · market cap 6.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,197
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 32%
Shops & Services 21%
Beauty & Spa 4%
ACME Markets
Groceries
16,352 visits/mo
0.3 miles
IHOP
Dining
6,544 visits/mo
0.2 miles
Dunkin' Donuts
Dining
5,615 visits/mo
0.2 miles
FedEx Office Print & Ship Center
Shops & Services
3,678 visits/mo
0.4 miles
Take 5 Oil Change
Shops & Services
2,647 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines retail storefronts with residential apartments in a Jenkintown Borough setting.
Where is this mixed-use property located?
The property is located at 707 West Ave Jenkintown, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four income‑producing units in a mixed‑use configuration; Two retail spaces, including a clothing store and fully built‑out restaurant; Two residential apartments included
