Building Details

Year Built 1945

Stories 2

Listing Agency: RE/MAX Preferred - Malvern a***@gmail.com Show Phone

Listed By: Johan Pathan · License #RS348787 Show Phone

Source: Cummingsrealtors

Added: Jul 17 Changed: Oct 21 Last Checked: Oct 20 at 9:56PM

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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 RE/MAX Preferred - Malvern

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Investment Insights

Based on property information with market context.

This mixed-use corner property offers a practical live-and-work setup. The first floor is currently owner-used as a dental office. The second floor includes a three-bedroom apartment and a one-bedroom apartment, creating flexibility for residential income.

The property is situated at a very busy intersection on MacDade Boulevard and Clifton Ave, supporting steady visibility for the office use.

Utilities are separately metered, which can simplify budgeting and operations. The listing notes a good tenant paying on time, with a requirement of 24 hours’ notice for showings.

Key Highlights

• Corner mixed‑use property with a dental office on the first floor
• Second floor includes a 3‑bedroom unit and a 1‑bedroom apartment
• Utilities are separate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,114

Cap Rate

8.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$482,280 $482.3K

Cap Rate 7%

$344,486 $344.5K

Cap Rate 9%

$267,933 $267.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,200 SF

Gross rent

$39.6K $18.00/SF

− Vacancy

−$5.2K −$2.34/SF

EGI

$34.4K $15.66/SF

− OpEx

−$10.3K −$4.70/SF

NOI

$24.1K $10.96/SF

Area

Delaware County, PA

Vacancy

13.01%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$482,280

Cap Rate 7%

$344,486

Cap Rate 9%

$267,933

Alternative Uses

Best Use

Office B

$515.3K

$450.9K – $601.1K (±1% cap)

NOI $36,068 @ 7.0% cap · market cap 13.12%

Second Best

Healthcare Medical

$448.1K

$392.1K – $522.8K (±1% cap)

NOI $31,366 @ 7.0% cap · market cap 11.41%

Theoretical Best

Office A

$667.0K

$583.6K – $778.2K (±1% cap)

NOI $46,691 @ 7.0% cap · market cap 16.98%

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

Property Analytics

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Current Use

Collingdale Family Dentistry Dental Office Collingdale Dentistry Dental Office Dinesh Tewari, DMD Dental Office

Suggested Use

Top Pick Real Estate Agency Law Firm Accounting Firm Skin Care Clinic Bakery (Bike/Boat/Book/etc) Store

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

1

Office units

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,087

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 19023, PA

22,180

Population

9,089

Households

2.4

Avg Household Size

34

Median Age

17%

College-Educated

87%

High-School Grad

2.0 sq mi

ZIP Area

11,090

Density / Sq Mi

$48,962

Median Household Income

$37,110

Median Earnings

$1,240

Median Rent

$117,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Corner property with a dental office on the first floor and two residential units on the second floor.

Where is this medical office space located?

The property is located at 724 MACDADE BOULEVARD Darby, PA.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Corner mixed‑use property with a dental office on the first floor; Second floor includes a 3‑bedroom unit and a 1‑bedroom apartment; Utilities are separate