Building Details

Building Size 2,178 SF

Year Built 1940

Listing Agency: Dan Real Estate, Inc.

Listed By: Vlad Ethan Vaisman · License #RS358609 Show Phone

Source: Lizclarkrealestate

Added: Oct 8 Changed: Oct 15 Last Checked: Oct 16 at 6:03PM

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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 Dan Real Estate, Inc.

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Investment Insights

Based on property information with market context.

This storefront property at 7200 Old York Road includes an associated parcel that may support off-street parking. The building dates to 1940 and contains 2,178 square feet.

The property is on the Old York Road (Route 611) corridor near Cheltenham Avenue, public transportation, shopping, restaurants, and residential neighborhoods. Access to major roadways connects the site with surrounding communities.

Key Highlights

• 2,178‑square‑foot storefront property
• Built in 1940
• Associated parcel offers potential for off‑street parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,616

Cap Rate

5.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$492,320 $492.3K

Cap Rate 7%

$351,657 $351.7K

Cap Rate 9%

$273,511 $273.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,178 SF

Gross rent

$39.2K $18.00/SF

− Vacancy

−$4.0K −$1.85/SF

EGI

$35.2K $16.15/SF

− OpEx

−$10.5K −$4.84/SF

NOI

$24.6K $11.30/SF

Area

Philadelphia, PA

Vacancy

10.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$492,320

Cap Rate 7%

$351,657

Cap Rate 9%

$273,511

Alternative Uses

Best Use

Retail

$351.7K

$307.7K – $410.3K (±1% cap)

NOI $24,616 @ 7.0% cap · market cap 5.47%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$531.0K

$464.6K – $619.5K (±1% cap)

NOI $37,167 @ 7.0% cap · market cap 8.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Studio7200 Hotel & Motel Pretty In Pink Space Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Parking Lot & Garage Kitchen & Bath Showroom

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

972

Businesses Nearby

21k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 57% Shops & Services 43%

Dunkin' Donuts Dining

12,038 visits/mo 0.3 miles

Marathon Shops & Services

6,928 visits/mo 0.3 miles

Enterprise Rent-A-Car Shops & Services

2,035 visits/mo 0.5 miles

Demographics for 19126, PA

16,159

Population

7,490

Households

2.2

Avg Household Size

43

Median Age

26%

College-Educated

90%

High-School Grad

1.2 sq mi

ZIP Area

13,466

Density / Sq Mi

$52,847

Median Household Income

$40,610

Median Earnings

$1,116

Median Rent

$214,300

Median Home Value

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019

8.2% 2020

7.8% 2021

6.6% 2022

6.2% 2023

5.5% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - A separate parcel offers potential off-street parking alongside the commercial space.

Where is this storefront property located?

The property is located at 7200 OLD YORK ROAD Philadelphia, PA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 2,178‑square‑foot storefront property; Built in 1940; Associated parcel offers potential for off‑street parking