Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    601 Morgan Ave Drexel Hill, PA 19026-3121

    • Banks
    • 2,224 SF
    • 0.14 lot acres
    OFF-MARKET
    Last Sale
    Nov 28, 2022
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5654556
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 601 Morgan Ave

    Year built
    1975
    Lot size
    0.14 lot acres
    Property size
    2,224 SF
    Property type
    Banks
    APN
    16-10-01259-00
    APU
    16100125900

    Description

    This exceptional 1,725 square foot commercial property at 601 Morgan Avenue in Drexel Hill, Pennsylvania, presents a rare leasing opportunity. Situated in a high-traffic area with excellent pedestrian and vehicular access, this single-tenant building boasts a highly desirable drive-thru window, perfect for a variety of businesses. Its convenient location directly adjacent to SEPTA's Aronimink Station ensures easy accessibility for commuters and customers. The property benefits from recent upgrades, including a new HVAC unit, a new 200-amp electrical service, and a new roof, minimizing maintenance concerns for the tenant. Seven parking spaces are available in the rear lot. Previously used as a bank, the interior is currently framed out, offering significant flexibility for customization to meet specific business needs. The property's versatility makes it suitable for a range of uses, including traditional office, coworking space, creative office, or even medical office space, given its adaptable layout and convenient amenities. While the square footage is an estimate, this property represents a significant opportunity for businesses seeking a well-maintained, conveniently located space in a thriving Delaware County community. The zip code is 19026.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Drexel Hill
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.3061
    Latitude
    39.9495
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,218
    $71,390
    $241,150
    $312,540
    -
    $0.00
    $0.00
    $312,540

    Comparable in this City

    • Value Estimation by Request
      0.32 Acres

      Ferne Blvd

      FINANCIAL BUILDING • 0.32 Acres
      Ferne Blvd, Drexel Hill, PA 19026
      View Details
    • Value Estimation by Request
      5,572 SF

      3206 Garrett Rd

      FINANCIAL BUILDING • 5,572 SF
      3206 Garrett Rd, Drexel Hill, PA 19026-2912
      View Details
    • Value Estimation
      $2,045,000
      31,440 SF

      5050 State Rd

      FINANCIAL BUILDING • 31,440 SF
      5050 State Rd, Drexel Hill, PA 19026-4609
      View Details
    • Value Estimation by Request
      3,080 SF

      824 Lansdowne Ave

      FINANCIAL BUILDING • 3,080 SF
      824 Lansdowne Ave, Drexel Hill, PA 19026-1526
      View Details
    • Value Estimation by Request
      3,640 SF

      2200 Garrett Rd

      FINANCIAL BUILDING • 3,640 SF
      2200 Garrett Rd, Drexel Hill, PA 19026-1132
      View Details
    • Value Estimation by Request
      2,755 SF

      700 Burmont Rd

      AUTO REPAIR, GARAGE • 2,755 SF
      700 Burmont Rd, Drexel Hill, PA 19026-4322
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,931 SF

      Drexel Hill Retail Building - 2931 SF

      Prime Drexel Hill location, former bank, drive-thru.
      824 Lansdowne Ave, Drexel Hill, PA 19026
      View Details
    • New
      $280,000

      Retail Opportunity on High Traffic Street

      Retail space with high visibility and ample storage.
      708 Burmont Rd, Drexel Hill, PA 19026
      View Details
    • $150,000
      0.06 Acres

      Versatile Retail Space in Drexel Hill

      Prime retail space in a high-traffic area of Drexel Hill.
      705 Burmont Rd, Drexel Hill, PA 19026
      View Details
    • $95,000

      Drexel Hill Double Building Lot

      Prime double lot in Drexel Hill to build your dream home.
      506 Burmont Rd, Drexel Hill, PA 19026
      View Details
    • $336,999
      1,752 SF

      Spacious Drexel Hill Duplex

      Well-maintained duplex in desirable location, ideal for income or owner-occupancy.
      3227 Plumstead Ave, Drexel Hill, PA 19026
      View Details
    • $75,000
      0.10 Acres

      Land Overlooking Kent Park

      Land for single-family home or duplex near Kent Park.
      3941 Bridge St, Drexel Hill, PA 19026
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,921 SF

      Retail Space with Roadside Visibility

      Former pharmacy in a densely populated area with ample parking.
      710 Burmont Rd, Drexel Hill, PA 19026
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space at Signalized Intersection

      Retail space available at a high-traffic intersection.
      Township Line Rd & Burmont Rd, Drexel Hill, PA 19026
      View Details
    • $1,300 /Mo

      Drexel Hill Duplex Second Floor

      Second floor duplex with updated kitchen and hardwood floors.
      822 Derwyn Rd Rd, Drexel Hill, PA 19026
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    601 Morgan Ave
    Drexel Hill, PA 19026-3121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.