Building Details

Year Built 1850

Listing Agency: Kline Real Estate Works Show Phone

Listed By: Keith S Kline · License #RM426216 Show Phone

Source: Cummingsrealtors

Added: Oct 20 Changed: Oct 25 Last Checked: Oct 25 at 2:48AM

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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 Kline Real Estate Works

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Investment Insights

Based on property information with market context.

Located at Gladwyne Center, this 1,640-square-foot unit occupies the first floor and is configured with multiple offices. The space is available for immediate occupancy and is described for office, business-service, or retail use.

Parking is available at the center, which is in Gladwyne Village at 949 Youngs Ford Road.

Key Highlights

• 1,640‑square‑foot unit with multiple offices
• First‑floor space available for immediate occupancy
• Office, business‑service, or retail use noted

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$89,613

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,792,260 $1.8M

Cap Rate 7%

$1,280,186 $1.3M

Cap Rate 9%

$995,700 $995.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,700 SF

Gross rent

$148.4K $26.04/SF

− Vacancy

−$28.9K −$5.08/SF

EGI

$119.5K $20.96/SF

− OpEx

−$29.9K −$5.24/SF

NOI

$89.6K $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%

$1,792,260

Cap Rate 7%

$1,280,186

Cap Rate 9%

$995,700

Alternative Uses

Best Use

Office B

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,613 @ 7.0% cap · market cap 2,438.45%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.28M

$2.87M – $3.83M (±1% cap)

NOI $229,509 @ 7.0% cap · market cap 6,245.14%

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

Linda Z, BHHS ... Real Estate Agency Selma Glanzberg, BHHS ... Real Estate Agency The Downes Group Real Estate Agency

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage 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

129

Businesses Nearby

Explore this area Business Placement

Demographics for 19035, PA

4,096

Population

1,404

Households

2.9

Avg Household Size

49

Median Age

84%

College-Educated

98%

High-School Grad

4.7 sq mi

ZIP Area

871

Density / Sq Mi

$250,001

Median Household Income

$137,969

Median Earnings

$3,501

Median Rent

$1,388,300

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 - The multi-office layout supports office, business-service, or retail occupancy.

Where is this office unit located?

The property is located at 949 YOUNGS FORD ROAD Gladwyne, PA.

What are key features of this property?

This property features: 1,640‑square‑foot unit with multiple offices; First‑floor space available for immediate occupancy; Office, business‑service, or retail use noted