Building Details

Year Renovated 2010

Buildings 6

Stories 1

Units 6

Tenancy Multi

Listing Agency: Prime Realty Group Inc s*@primemainline.com Show Phone

Listed By: Stuart Dessner · License #PA RM060781A

Source: Crexi

Added: May 14, 2024 Changed: Aug 25 Last Checked: Aug 29 at 3:13AM

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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 Prime Realty Group Inc

Investment Insights

Based on property information with market context.

This 6,500-square-foot commercial property in Wynnewood, Pennsylvania, is available for sale. The property is suitable for retail or office use. One storefront is currently leased to a doctor. Additional units are available for lease. On-site parking is located at the rear of the building. The property is part of a local strip center and is located close to City Avenue.

Key Highlights

• Opportunity to own your own office space
• Existing tenant (doctor) provides immediate rental income
• Potential to lease out additional office spaces

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

$78,460

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

4.62%

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%

$1,569,200 $1.6M

Cap Rate 7%

$1,120,857 $1.1M

Cap Rate 9%

$871,778 $871.8K

Market Conditions

NOI Build-Up for 6,500 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

$117.0K $18.00/SF

− Vacancy

−$4.9K −$0.76/SF

EGI

$112.1K $17.24/SF

− OpEx

−$33.6K −$5.17/SF

NOI

$78.5K $12.07/SF

Area

Montgomery County, PA

Vacancy

4.20%

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%

$1,569,200

Cap Rate 7%

$1,120,857

Cap Rate 9%

$871,778

Alternative Uses

Best Use

Retail

$1.12M

$980.8K – $1.31M (±1% cap)

NOI $78,460 @ 7.0% cap · market cap 4.62%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.74M

$3.27M – $4.36M (±1% cap)

NOI $261,721 @ 7.0% cap · market cap 15.40%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Physical Therapy Plus ... Medical Clinic Manoa Road Public ... Parking Lot & Garage

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Auto Repair Shop Food Market Barber Shop

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

538

Businesses Nearby

110k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 53% Dining 47%

Five Below Shops & Services

22,027 visits/mo 0.5 miles

Wendy's Dining

21,259 visits/mo 0.5 miles

Popeyes Louisiana Kitchen Dining

17,897 visits/mo 0.5 miles

Dunkin' Donuts Dining

12,910 visits/mo 0.5 miles

Conoco Shops & Services

12,210 visits/mo 0.5 miles

Demographics for 19096, PA

15,390

Population

5,894

Households

2.6

Avg Household Size

44

Median Age

80%

College-Educated

99%

High-School Grad

3.5 sq mi

ZIP Area

4,397

Density / Sq Mi

$186,648

Median Household Income

$104,063

Median Earnings

$2,107

Median Rent

$711,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Commercial property with on-site parking, suitable for office or retail.

Where is this retail space located?

The property is located at 1410 Manoa Rd Wynnewood, PA.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: Opportunity to own your own office space; Existing tenant (doctor) provides immediate rental income; Potential to lease out additional office spaces