Flex Warehouse with Dock
For Sale
Contact for pricing
11 General Warren Blvd, Malvern, PA 19355
Updated flex space offering dock loading, 17-foot ceilings, and separate warehouse and office areas.
Property Size10,080 SF
Price / SF$178.57
Days on Market553
Property Features for 11 General Warren Blvd
General Information
Standard status
Active
Size
10,080 SF
Property subtype
OFFICE
Zoning
Flex/Office
Warehouse & Industrial
Clear Height
17 ft
Warehouse Space
3,181 SF
Office Build-Out
6,900 SF
Amenities
Dock Loading
Listing Agency:
Italiano Commercial Real Estate Services
(610) 918-1990
Listed By:
Steve T. Italiano
Source:
Moodyscre
Added: Mar 11, 2025
Changed: Sep 5
Last Checked: Sep 13 at 9:35AM
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 Italiano Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This flex warehouse property at 11 General Warren Blvd, Malvern, PA 19355 includes a 3,181 SF warehouse and a 6,900 SF office space for a total of 10,080 SF. The facility is designed with 17' ceilings and dock loading, and it has been updated and renovated.
The space can be divided into two units for rent, providing flexibility for a single-tenant setup or separate occupancies. The property is described as having a high parking ratio, and it is zoned flexible commercial/flex/office.
For tenants or investors looking for adaptable flex/office space with operational features like dock loading, the layout and divisibility can support a range of occupancy plans.
The space can be divided into two units for rent, providing flexibility for a single-tenant setup or separate occupancies. The property is described as having a high parking ratio, and it is zoned flexible commercial/flex/office.
For tenants or investors looking for adaptable flex/office space with operational features like dock loading, the layout and divisibility can support a range of occupancy plans.
Key Highlights
- 3,181 SF warehouse with 6,900 SF office space totaling 10,080 SF
- 17' ceilings and dock loading
- Divisible into 2 units for rent
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
$158,474
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
8.80%
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%
$3,169,480
$3.2M
Cap Rate 7%
$2,263,914
$2.3M
Cap Rate 9%
$1,760,822
$1.8M
Market Conditions
NOI Build-Up for 10,080 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
$262.5K $26.04/SF
− Vacancy
−$51.2K −$5.08/SF
EGI
$211.3K $20.96/SF
− OpEx
−$52.8K −$5.24/SF
NOI
$158.5K $15.72/SF
Area
Chester 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 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%
$3,169,480
Cap Rate 7%
$2,263,914
Cap Rate 9%
$1,760,822
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,474 @ 7.0% cap · market cap 8.80%
Second Best
Warehouse
$1.47M
$1.29M – $1.72M
NOI $103,104 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$3.06M
$2.67M – $3.57M
NOI $213,931 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
17 ft
Clear height
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19355, PA
29,273
Population
11,815
Households
2.5
Avg Household Size
41
Median Age
73%
College-Educated
97%
High-School Grad
38.3 sq mi
ZIP Area
764
Density / Sq Mi
$162,917
Median Household Income
$87,900
Median Earnings
$1,960
Median Rent
$662,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Updated flex space offering dock loading, 17-foot ceilings, and separate warehouse and office areas.
Where is this flex space located?
The property is located at 11 General Warren Blvd Malvern, PA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 3,181 SF warehouse with 6,900 SF office space totaling 10,080 SF; 17' ceilings and dock loading; Divisible into 2 units for rent
