Flex Property with Garage
For Sale
Contact for pricing
1132 Ridge Rd, Pottstown, PA 19465
Multi-building commercial property with upgraded building systems, garage space, and an approved warehouse addition.
Property Size10,672 SF
Price / SF$103.07
Days on Market139
Property Features for 1132 Ridge Rd
General Information
Standard status
Active
Size
10,672 SF
Property subtype
Industrial
Occupancy
100%
Building Details
Year Built
1924
Buildings
4
Stories
2
Listing Agency:
RE/MAX Action Associates
(610) 363-2001
Listed By:
Jim Wagner · License #RM028246C
Source:
Crexi
Added: Apr 15
Changed: Aug 30
Last Checked: Aug 30 at 1:25PM
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 RE/MAX Action Associates
Investment Insights
Based on property information with market context.
This flex property comprises a 7,152 SF primary building with a full-size basement and a remodeled upper level, plus a separate 3,520 SF garage building. The rear structure contains four garages with powder rooms and heaters. Improvements include new electric service, heating systems, central air, a buried propane tank, and a septic system sized for the existing buildings and proposed expansion.
Township approval has been obtained for a 5,000 SF warehouse-style building, which the seller may discuss constructing as part of the transaction. The property is currently 100% occupied, with lease terms described as manageable and existing tenants interested in continuing occupancy. The buildings date to 1924, and prior uses included a schoolhouse and district court.
Township approval has been obtained for a 5,000 SF warehouse-style building, which the seller may discuss constructing as part of the transaction. The property is currently 100% occupied, with lease terms described as manageable and existing tenants interested in continuing occupancy. The buildings date to 1924, and prior uses included a schoolhouse and district court.
Key Highlights
- 7,152 SF primary building with a full‑size basement
- Separate 3,520 SF garage building with 4 garages
- Township approval for a proposed 5,000 SF warehouse
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
$91,331
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
8.30%
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%
$1,826,620
$1.8M
Cap Rate 7%
$1,304,729
$1.3M
Cap Rate 9%
$1,014,789
$1.0M
Market Conditions
NOI Build-Up for 10,672 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
$152.4K $14.28/SF
− Vacancy
−$11.9K −$1.11/SF
EGI
$140.5K $13.17/SF
− OpEx
−$49.2K −$4.61/SF
NOI
$91.3K $8.56/SF
Area
Chester County, PA
Vacancy
7.80%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
35.00%
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%
$1,826,620
Cap Rate 7%
$1,304,729
Cap Rate 9%
$1,014,789
Alternative Uses
Best Use
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $91,331 @ 7.0% cap · market cap 8.30%
Second Best
Industrial
$1.12M
$979.4K – $1.31M
NOI $78,350 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$3.24M
$2.83M – $3.77M
NOI $226,495 @ 7.0% cap · market cap 20.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19465, PA
18,217
Population
7,490
Households
2.4
Avg Household Size
43
Median Age
42%
College-Educated
96%
High-School Grad
35.5 sq mi
ZIP Area
513
Density / Sq Mi
$106,167
Median Household Income
$56,676
Median Earnings
$1,421
Median Rent
$383,300
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.
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building commercial property with upgraded building systems, garage space, and an approved warehouse addition.
Where is this flex space located?
The property is located at 1132 Ridge Rd Pottstown, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7,152 SF primary building with a full‑size basement; Separate 3,520 SF garage building with 4 garages; Township approval for a proposed 5,000 SF warehouse
