Commercial Creative
For Sale
Contact for pricing
818 BALTIMORE AVENUE, Lansdowne, PA 19050
Commercial-zone space suited to office or retail functions, with occupants responsible for utilities and waste removal.
Property Size1,400 SF
Price / SF$2.00
Days on Market55
Property Features for 818 BALTIMORE AVENUE
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial
Building Details
Year Built
1932
Listing Agency:
First Option Realty LLC
(610) 446-2000
Listed By:
Amrit K Dhaliwal
(610) 299-8910
Source:
Cummingsrealtors
Added: Sep 10
Changed: Nov 1
Last Checked: Nov 3 at 6:44AM
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 First Option Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial creative space encompasses 1,400 square feet within a building constructed in 1932. The property is situated in a commercial zone and is identified for potential office or retail use.
Occupancy terms place responsibility for all utilities and dumpster service with the tenant. The property is located at 818 Baltimore Avenue in Lansdowne, Pennsylvania.
Occupancy terms place responsibility for all utilities and dumpster service with the tenant. The property is located at 818 Baltimore Avenue in Lansdowne, Pennsylvania.
Key Highlights
- 1,400‑square‑foot commercial space
- Located in a commercial zone
- Potential office or retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,745
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,900
$274.9K
Cap Rate 7%
$196,357
$196.4K
Cap Rate 9%
$152,722
$152.7K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$21.0K $15.00/SF
− Vacancy
−$1.4K −$0.98/SF
EGI
$19.6K $14.03/SF
− OpEx
−$5.9K −$4.21/SF
NOI
$13.7K $9.82/SF
Area
Delaware County, PA
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,900
Cap Rate 7%
$196,357
Cap Rate 9%
$152,722
Alternative Uses
Best Use
Office B
$327.9K
$286.9K – $382.5K
NOI $22,952 @ 7.0% cap · market cap 819.71%
Second Best
Retail
$196.4K
$171.8K – $229.1K
NOI $13,745 @ 7.0% cap · market cap 490.89%
Theoretical Best
Office A
$424.5K
$371.4K – $495.2K
NOI $29,713 @ 7.0% cap · market cap 1,061.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
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Business Placement
Demographics for 19050, PA
29,176
Population
12,695
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
92%
High-School Grad
3.7 sq mi
ZIP Area
7,885
Density / Sq Mi
$62,517
Median Household Income
$44,408
Median Earnings
$1,166
Median Rent
$188,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Creative space - Commercial-zone space suited to office or retail functions, with occupants responsible for utilities and waste removal.
Where is this creative space located?
The property is located at 818 BALTIMORE AVENUE Lansdowne, PA.
What are key features of this property?
This property features: 1,400‑square‑foot commercial space; Located in a commercial zone; Potential office or retail use
