End-Unit Residential Income
For Sale
$235,000
Pending
810 STRATFORD DRIVE Unit 7, State College, PA 16801
End-unit condominium with a balcony, in-unit laundry, dedicated parking, and private storage.
Property Size1,247 SF
Days on Market11
Property Features for 810 STRATFORD DRIVE Unit 7
General Information
Standard status
Pending
Size
1,247 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,684
Building Details
Building Size
1,247 SF
Year Built
1976
Listing Agency:
Kissinger, Bigatel & Brower
Listed By:
Aaron Burrell · License #RS352722
(810) 627-0210
Source:
Nelsonrealtypa
Added: Sep 9
Changed: Sep 15
Last Checked: Sep 18 at 10:29AM
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 Kissinger, Bigatel & Brower
Investment Insights
Based on property information with market context.
This end-unit condominium includes 3 bedrooms and 2 bathrooms, with a balcony that extends the living area outdoors. In-unit laundry, dedicated parking, and private storage add practical functionality. Built in 1976, the property offers a residential configuration suited to comfortable occupancy or income-property ownership.
The condo backs directly to High Point Park, which includes a playground, basketball courts, and the High Point Skatepark. The YMCA is also nearby, providing access to additional fitness and recreational amenities. Its end-unit position contributes added privacy and natural light.
The condo backs directly to High Point Park, which includes a playground, basketball courts, and the High Point Skatepark. The YMCA is also nearby, providing access to additional fitness and recreational amenities. Its end-unit position contributes added privacy and natural light.
Key Highlights
- 3‑bedroom, 2‑bath end‑unit condominium
- Balcony, in‑unit laundry, dedicated parking, and private storage
- Directly backs to High Point Park
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
$9,924
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
4.22%
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%
$198,480
$198.5K
Cap Rate 7%
$141,771
$141.8K
Cap Rate 9%
$110,267
$110.3K
Market Conditions
NOI Build-Up for 1,247 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
$19.2K $15.36/SF
− Vacancy
−$1.1K −$0.89/SF
EGI
$18.0K $14.47/SF
− OpEx
−$8.1K −$6.51/SF
NOI
$9.9K $7.96/SF
Area
Centre County, PA
Vacancy
5.80%
Lease Rate
$15.36 /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%
$198,480
Cap Rate 7%
$141,771
Cap Rate 9%
$110,267
Alternative Uses
Best Use
Apartment 5plus
$141.8K
$124.1K – $165.4K
NOI $9,924 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$275.4K
$241.0K – $321.3K
NOI $19,278 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 16801, PA
42,446
Population
19,242
Households
2.2
Avg Household Size
28
Median Age
67%
College-Educated
98%
High-School Grad
31.1 sq mi
ZIP Area
1,365
Density / Sq Mi
$62,821
Median Household Income
$27,598
Median Earnings
$1,221
Median Rent
$400,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - End-unit condominium with a balcony, in-unit laundry, dedicated parking, and private storage.
Where is this residential income property located?
The property is located at 810 STRATFORD DRIVE Unit 7 State College, PA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath end‑unit condominium; Balcony, in‑unit laundry, dedicated parking, and private storage; Directly backs to High Point Park
