Building Details

Buildings 2

Stories 1

Units 12

Tenancy Multi

Listing Agency: Delphi Property Group LLC

Listed By: Jamie Weiner · License #RM422933 Show Phone

Source: Crexi

Added: Oct 17, 2024 Changed: Oct 25 Last Checked: Oct 28 at 7:09AM

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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 Delphi Property Group LLC

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Investment Insights

Based on property information with market context.

Constructed in the 1950s, this community retail center comprises approximately 19,386 square feet. It is occupied by local and regional tenants. The property is located at the intersection of Bruce and Allison Roads, directly across from Septa's Oreland Station in Oreland, PA. Oreland is an affluent and established Philadelphia suburb in Montgomery County, PA, with average household incomes exceeding $129,000 within a 5-mile radius.

Key Highlights

• Affluent location in Oreland, PA, a desirable Philadelphia suburb.
• High household income: Average household incomes exceed $129,000 within a 5‑mile radius.
• Convenient location at the intersection of Bruce and Allison Roads.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$234,005

Cap Rate

6.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,680,100 $4.7M

Cap Rate 7%

$3,342,929 $3.3M

Cap Rate 9%

$2,600,056 $2.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,386 SF

Gross rent

$348.9K $18.00/SF

− Vacancy

−$14.7K −$0.76/SF

EGI

$334.3K $17.24/SF

− OpEx

−$100.3K −$5.17/SF

NOI

$234.0K $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 Rate 5%

$4,680,100

Cap Rate 7%

$3,342,929

Cap Rate 9%

$2,600,056

Alternative Uses

Best Use

Retail

$3.34M

$2.93M – $3.90M (±1% cap)

NOI $234,005 @ 7.0% cap · market cap 6.41%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$11.15M

$9.76M – $13.01M (±1% cap)

NOI $780,572 @ 7.0% cap · market cap 21.39%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Nail Salon

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

357

Businesses Nearby

3k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Home Improvements & Furnishings 100%

Stanley's Of Oreland True Valu Home Improvements & Furnishings

3,249 visits/mo 0.1 miles

Demographics for 19075, PA

7,698

Population

3,016

Households

2.6

Avg Household Size

41

Median Age

57%

College-Educated

98%

High-School Grad

1.9 sq mi

ZIP Area

4,052

Density / Sq Mi

$117,356

Median Household Income

$66,658

Median Earnings

$1,204

Median Rent

$415,400

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

Frequently Asked Questions

What type of property is this?

Shopping center - Community retail center in affluent Philadelphia suburb, Montgomery County, PA.

Where is this shopping center located?

The property is located at 1 Allison Rd Oreland, PA.

What is the asking price?

The asking price for this property is $3,650,000.

What are key features of this property?

This property features: Affluent location in Oreland, PA, a desirable Philadelphia suburb.; High household income: Average household incomes exceed $129,000 within a 5‑mile radius.; Convenient location at the intersection of Bruce and Allison Roads.