Flex Space Building For
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10 E Glenolden Ave, Glenolden, PA
3,500 SF flex building with warehouse and office space.
Property Size3,500 SF
Lot Size0.07 Acres
Price / SF$114.14
Days on Market397
Property Features for 10 E Glenolden Ave
General Information
Standard status
Active
Size
3,500 SF
Lot size
0.07 Acres
Property subtype
FLEX_R_AND_D
Listing Agency:
Zommick McMahon Commercial Real Estate
(610) 764-5826
Listed By:
Ron Casey
(610) 764-5826
Source:
Moodyscre
Added: Jul 24, 2025
Changed: Aug 12
Last Checked: Aug 23 at 5:43AM
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 Zommick McMahon Commercial Real Estate
Investment Insights
Based on property information with market context.
A 3,500 square foot flex space building is available. The building includes 2,100 square feet of warehouse space and 1,400 square feet of office space. The warehouse has one drive-in door operated by an automatic door opener. The property has single-phase electrical service with a phase changer added. There are 4 to 5 off-street car parking spaces. The property is located on Glenolden Avenue with visible signage from Chester Pike. It is accessible to Routes 291, 476, and I-95. The property is currently occupied as an auto mechanic shop.
Key Highlights
- Visible signage on heavily traveled Chester Pike.
- 3,500 sq. ft. flex space building.
- 2,100 sq. ft. warehouse space with (1) drive‑in door and automatic opener.
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
$34,361
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
8.60%
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%
$687,220
$687.2K
Cap Rate 7%
$490,871
$490.9K
Cap Rate 9%
$381,789
$381.8K
Market Conditions
NOI Build-Up for 3,500 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
$52.5K $15.00/SF
− Vacancy
−$3.4K −$0.98/SF
EGI
$49.1K $14.03/SF
− OpEx
−$14.7K −$4.21/SF
NOI
$34.4K $9.82/SF
Area
Delaware County, PA
Vacancy
6.50%
Lease Rate
$15.00 /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%
$687,220
Cap Rate 7%
$490,871
Cap Rate 9%
$381,789
Alternative Uses
Best Use
Retail
$490.9K
$429.5K – $572.7K
NOI $34,361 @ 7.0% cap · market cap 8.60%
Second Best
Flex RnD
$349.8K
$306.0K – $408.1K
NOI $24,483 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.06M
$928.5K – $1.24M
NOI $74,282 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 3,500 SF flex building with warehouse and office space.
Where is this flex space located?
The property is located at 10 E Glenolden Ave Glenolden, PA.
What is the asking price?
The asking price for this property is $399,500.
What are key features of this property?
This property features: Visible signage on heavily traveled Chester Pike.; 3,500 sq. ft. flex space building.; 2,100 sq. ft. warehouse space with (1) drive‑in door and automatic opener.
