Versatile Warehouse in Collingdale,
For Sale
$375,000
238 CLIFTON Avenue, Collingdale, PA 19023
Commercial Sale - COLLINGDALE, PA
Property Size2,300 SF
Price / SF$163.04
Days on Market95
Property Features for 238 CLIFTON Avenue
General Information
Property type
Other
Property subtype
Retail
Parking features
On Street
Elementary school
HARRIS SCHOOL
Middle school
HARRIS SCHOOL
High school
ACADEMY PARK
Elementary school district
SOUTHEAST DELCO
Middle school district
SOUTHEAST DELCO
High school district
SOUTHEAST DELCO
Standard status
Active
Size
2,300 SF
Taxes and HOA fees
Tax Annual Amount
6968
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1969
Number of units
1
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 892-8300
Listed By:
Michael Mulholland · License #RS277114
(484) 222-8804
Added: May 4
Changed: Jun 9
Last Checked: Aug 6 at 1:06PM
MLS# PADE2114450
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 238 Clifton Ave in Collingdale, PA, this two-story warehouse offers approximately 2,300+ square feet of functional industrial space. The building has a 21' x 110' footprint and is suitable for a variety of commercial uses. It is equipped with 3-phase electric service, making it well-suited for heavy-duty operations and equipment. The first floor features a high-output heating system capable of servicing the entire space when properly vented and insulated, adding utility for year-round use. The layout includes two dedicated office spaces and a powder room, providing a practical setup for both administrative and operational needs. The second floor offers additional space and flexibility, however it is not included in the stated square footage. Roof updates include a front section replaced approximately 7-8 years ago, while the rear section has been maintained with ongoing spot repairs. The property has been actively managed with no known major roof leaks. This property is ideal for an owner-user or investor seeking flexible industrial space in a convenient Collingdale location.
Key Highlights
- 2,300+ sq ft of functional industrial space ideal for diverse commercial applications.
- Equipped with 3‑phase electric service, supporting heavy‑duty operations.
- High‑output heating system on the first floor for year‑round usability.
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
$13,950
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
3.72%
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%
$279,000
$279.0K
Cap Rate 7%
$199,286
$199.3K
Cap Rate 9%
$155,000
$155.0K
Market Conditions
NOI Build-Up for 2,300 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
$21.8K $9.48/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$19.9K $8.66/SF
− OpEx
−$6.0K −$2.60/SF
NOI
$14.0K $6.07/SF
Area
Delaware County, PA
Vacancy
8.60%
Lease Rate
$9.48 /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%
$279,000
Cap Rate 7%
$199,286
Cap Rate 9%
$155,000
Alternative Uses
Best Use
Industrial
$199.3K
$174.4K – $232.5K
NOI $13,950 @ 7.0% cap · market cap 3.72%
Second Best
Warehouse
$153.2K
$134.0K – $178.7K
NOI $10,721 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$697.3K
$610.2K – $813.6K
NOI $48,814 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19023, PA
22,180
Population
9,089
Households
2.4
Avg Household Size
34
Median Age
17%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,090
Density / Sq Mi
$48,962
Median Household Income
$37,110
Median Earnings
$1,240
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Two-story warehouse with 3-phase electric, ideal for commercial uses.
Where is this warehouse located?
The property is located at 238 CLIFTON Avenue Collingdale, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,300+ sq ft of functional industrial space ideal for diverse commercial applications.; Equipped with 3‑phase electric service, supporting heavy‑duty operations.; High‑output heating system on the first floor for year‑round usability.
