Building Details

Year Built 1910

Listing Agency: KW Main Line - Narberth Show Phone

Listed By: Damon C. Michels · License #AB067731 Show Phone

Source: Cummingsrealtors

Added: Sep 10 Changed: Oct 31 Last Checked: Oct 30 at 3:26PM

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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 KW Main Line - Narberth

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Investment Insights

Based on property information with market context.

This detached office unit provides approximately 390 square feet of workspace in an open configuration. A private bathroom is included, and the interior can be arranged for office, consulting, creative, professional-service, or meeting purposes. Built in 1910, the property offers a dedicated commercial setting at 854 1/2 Montgomery Avenue in Narberth, Pennsylvania. Its location provides access to the Main Line and surrounding communities.

Key Highlights

• Approximately 390 square feet of office space
• Detached office configuration with an open interior
• Private bathroom included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,131

Suggested Prices Based on Cap Rates

Cap Rate 5%

$122,620 $122.6K

Cap Rate 7%

$87,586 $87.6K

Cap Rate 9%

$68,122 $68.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 390 SF

Gross rent

$10.2K $26.04/SF

− Vacancy

−$2.0K −$5.08/SF

EGI

$8.2K $20.96/SF

− OpEx

−$2.0K −$5.24/SF

NOI

$6.1K $15.72/SF

Area

Montgomery County, PA

Vacancy

19.50%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$122,620

Cap Rate 7%

$87,586

Cap Rate 9%

$68,122

Alternative Uses

Best Use

Office B

$87.6K

$76.6K – $102.2K (±1% cap)

NOI $6,131 @ 7.0% cap · market cap 422.83%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$224.3K

$196.3K – $261.7K (±1% cap)

NOI $15,703 @ 7.0% cap · market cap 1,082.97%

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

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Restaurant Food Market Grocery & Convenience Store Parking Lot & Garage Barber Shop Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,041

Businesses Nearby

Explore this area Business Placement

Demographics for 19072, PA

10,008

Population

4,400

Households

2.3

Avg Household Size

45

Median Age

82%

College-Educated

100%

High-School Grad

3.2 sq mi

ZIP Area

3,128

Density / Sq Mi

$175,833

Median Household Income

$86,133

Median Earnings

$1,956

Median Rent

$776,500

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

Frequently Asked Questions

What type of property is this?

Office unit - Open-plan workspace with a private bathroom for flexible business use.

Where is this office unit located?

The property is located at 854 1/2 MONTGOMERY AVENUE Narberth, PA.

What are key features of this property?

This property features: Approximately 390 square feet of office space; Detached office configuration with an open interior; Private bathroom included