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    18-22 Macdade Blvd Glenolden, PA 19036
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    18-22 Macdade Blvd Glenolden, PA 19036

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    • Mixed-use properties
    • 6,601 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 18-22 Macdade Blvd

    Property size
    6,601 SF
    Property type
    Mixed-use properties
    Property subtype
    Apartment buildings

    Description

    This exceptional mixed-use property in Glenolden, Pennsylvania, presents a lucrative investment opportunity. Located at 18-22 S MacDade Blvd, 19036, this 6,601 square foot building boasts eight units currently operating at 100% occupancy, generating a monthly rental income of $6,425. The property comprises five residential units – four two-bedroom apartments and one efficiency – along with two storefronts and a warehouse space. Its prime location on MacDade Boulevard ensures excellent visibility and convenient access to major transportation arteries, including I-95 and I-495. The building benefits from a strong rental history and is professionally managed, minimizing operational concerns for the investor. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use asset in a desirable location with significant upside potential. The property is offered at an asking price of $700,000 with a gross lease type. The building's multi-tenant structure provides diversification and stability, making it an attractive investment for both seasoned and emerging real estate investors. This is a turn-key operation ready for immediate income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glenolden
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.2928
    Latitude
    39.9047

    Comparable in this City

    • Value Estimation by Request

      104 Oak Ln

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      17,000 SF

      221 Chester Pike

      Residential income properties • 17,000 SF
      221 Chester Pike, Glenolden, PA 19036
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    • Value Estimation by Request
      1,640 SF

      36 Chester Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 1,640 SF
      36 Chester Pike, Glenolden, PA 19036-1314
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      1,152 SF

      601 Rively Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,152 SF
      601 Rively Ave, Glenolden, PA 19036-1016
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    • Value Estimation by Request
      2,167 SF

      501 Urban Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,167 SF
      501 Urban Ave, Glenolden, PA 19036-2428
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    • Value Estimation by Request
      2,035 SF

      100 Chester Pike

      OFFICE/RESIDENTIAL (MIXED USE) • 2,035 SF
      100 Chester Pike, Glenolden, PA 19036-1315
      View Details

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      Mixed-Use Property in Chester Pike

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      Mixed-Use Property in Chester Pike Corridor

      Fully occupied mixed-use property with income potential in Glenolden.
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      Glenolden Mixed-Use Investment

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      Glenolden Duplex with Garage

      Two-story duplex with garage, suitable for investors or contractors.
      104 W Oak Ln, Glenolden, PA 19036
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    • $59,900
      0.17 Acres

      Vacant Lot in Glenolden, PA

      Residential vacant lot in Delaware County, PA. Build single/duplex.
      N Garfield Ave, Glenolden, PA 19036
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      Glenolden Retail Space Available

      Prime Retail Location in Glenolden, PA
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      6,076 SF

      Glenolden Retail/Office/Medical Opportunity

      8,076 SF space suitable for retail, office, or medical use.
      228 S Chester Pike, Glenolden, PA 19036
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      8,000 SF

      Folcroft Warehouse Space Available

      4000-8000 SF renovated warehouse space with loading docks.
      620 E Glenolden Ave, Glenolden, PA 19036
      View Details
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    Glenolden, PA 19036
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    18-22 Macdade Blvd, Glenolden, PA, 19036
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