Renovated Office
For Sale
Contact for pricing
831 N PROVIDENCE ROAD, Media, PA 19063
Flexible layout combines open work areas with private offices and on-site parking.
Property Size3,240 SF
Price / SF$0.01
Days on Market54
Property Features for 831 N PROVIDENCE ROAD
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Commercial
Zoning
HBO
Additional Details
Road Access
Yes
Amenities
on-site parking lot
private offices
Building Details
Year Built
1983
Listing Agency:
RE/MAX Hometown Realtors
(610) 566-1340
Listed By:
John J McFadden · License #RM420338
(610) 455-2301
Source:
Cummingsrealtors
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 16 at 9:12AM
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 Hometown Realtors
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Investment Insights
Based on property information with market context.
This office building at 831 N Providence Road offers a recently renovated interior with a flexible configuration of open areas and private offices. The property includes an on-site parking lot with capacity for 17+ cars and is zoned HBO, or Highway Business/Office, supporting office, retail, and service uses.
The property is positioned on N Providence Road in Media, Pennsylvania, with signage and access serving the site. Built in 1983, the building is available for sale, with an NNN lease option also noted.
The property is positioned on N Providence Road in Media, Pennsylvania, with signage and access serving the site. Built in 1983, the building is available for sale, with an NNN lease option also noted.
Key Highlights
- HBO zoning: Highway Business/Office
- Recently renovated office building
- Flexible floorplan with open areas and private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,118
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,360
$1.1M
Cap Rate 7%
$758,829
$758.8K
Cap Rate 9%
$590,200
$590.2K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$85.5K $26.40/SF
− Vacancy
−$14.7K −$4.54/SF
EGI
$70.8K $21.86/SF
− OpEx
−$17.7K −$5.46/SF
NOI
$53.1K $16.39/SF
Area
Delaware County, PA
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,062,360
Cap Rate 7%
$758,829
Cap Rate 9%
$590,200
Alternative Uses
Best Use
Office B
$758.8K
$664.0K – $885.3K
NOI $53,118 @ 7.0% cap · market cap 230,947.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$982.3K
$859.5K – $1.15M
NOI $68,763 @ 7.0% cap · market cap 298,969.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 19063, PA
38,338
Population
16,128
Households
2.4
Avg Household Size
46
Median Age
60%
College-Educated
97%
High-School Grad
25.1 sq mi
ZIP Area
1,527
Density / Sq Mi
$121,899
Median Household Income
$70,147
Median Earnings
$1,623
Median Rent
$505,500
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?
Office building - Flexible layout combines open work areas with private offices and on-site parking.
Where is this office building located?
The property is located at 831 N PROVIDENCE ROAD Media, PA.
What are key features of this property?
This property features: HBO zoning: Highway Business/Office; Recently renovated office building; Flexible floorplan with open areas and private offices
