Mixed-Use Corner
For Sale
$275,000
724 MACDADE BOULEVARD, Darby, PA 19023
Corner property with a dental office on the first floor and two residential units on the second floor.
Property Size2,200 SF
Price / SF$125
Days on Market99
Property Features for 724 MACDADE BOULEVARD
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Duplex
Units
Multifamily Units
2
Office Units
1
Building Details
Year Built
1945
Stories
2
Listing Agency:
RE/MAX Preferred - Malvern
(610) 902-6100
Listed By:
Johan Pathan · License #RS348787
(267) 270-0909
Source:
Cummingsrealtors
Added: May 29
Changed: Sep 3
Last Checked: Sep 4 at 4:55AM
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
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.
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 = 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
$24,114
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
8.77%
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%
$482,280
$482.3K
Cap Rate 7%
$344,486
$344.5K
Cap Rate 9%
$267,933
$267.9K
Market Conditions
NOI Build-Up for 2,200 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
$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 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%
$482,280
Cap Rate 7%
$344,486
Cap Rate 9%
$267,933
Alternative Uses
Best Use
Office B
$515.3K
$450.9K – $601.1K
NOI $36,068 @ 7.0% cap · market cap 13.12%
Second Best
Healthcare Medical
$448.1K
$392.1K – $522.8K
NOI $31,366 @ 7.0% cap · market cap 11.41%
Theoretical Best
Office A
$667.0K
$583.6K – $778.2K
NOI $46,691 @ 7.0% cap · market cap 16.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
