Building Details

Year Built 1979

Listing Agency: Pillar Real Estate Advisors

Listed By: Eric Kuhn · License #RS296255 Show Phone

Source: Kandorre

Added: Jul 18 Changed: Oct 1 Last Checked: Oct 7 at 2:06PM

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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 Pillar Real Estate Advisors

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Investment Insights

Based on property information with market context.

This offering features approximately 12,000 SF of flex space currently operating as an automotive machine shop. The property also includes a 2,400 SF, 4-bedroom apartment, radiant heat, and outdoor storage. Operationally, it is supported by 5 drive-in doors.

The site is situated on 4.5 acres with public sewer and well water. The public remarks also note convenient access to Rt 422 and Ridge Pike.

The configuration is designed to support both shop and on-site residential use, while the multiple drive-in doors and outdoor storage can accommodate service and equipment staging needs.

Key Highlights

• 12,000 SF flex space currently used as an automotive machine shop
• 4.5‑acre property with 5 drive‑in doors for convenient vehicle access
• Radiant heat throughout the flex space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$144,850

Cap Rate

6.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,897,000 $2.9M

Cap Rate 7%

$2,069,286 $2.1M

Cap Rate 9%

$1,609,444 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,000 SF

Gross rent

$216.0K $18.00/SF

− Vacancy

−$9.1K −$0.76/SF

EGI

$206.9K $17.24/SF

− OpEx

−$62.1K −$5.17/SF

NOI

$144.8K $12.07/SF

Area

Montgomery County, PA

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,897,000

Cap Rate 7%

$2,069,286

Cap Rate 9%

$1,609,444

Alternative Uses

Best Use

Retail

$2.07M

$1.81M – $2.41M (±1% cap)

NOI $144,850 @ 7.0% cap · market cap 6.58%

Second Best

Flex RnD

$1.96M

$1.72M – $2.29M (±1% cap)

NOI $137,536 @ 7.0% cap · market cap 6.25%

Theoretical Best

Specialty Retail

$6.90M

$6.04M – $8.05M (±1% cap)

NOI $483,177 @ 7.0% cap · market cap 21.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

HG CNC Machine ... Industrial Manufacturer

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

202

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 19464, PA

48,409

Population

19,985

Households

2.4

Avg Household Size

39

Median Age

28%

College-Educated

91%

High-School Grad

25.6 sq mi

ZIP Area

1,891

Density / Sq Mi

$76,338

Median Household Income

$44,888

Median Earnings

$1,226

Median Rent

$231,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flex space includes radiant heat, five drive-in doors, outdoor storage, and a 4-bedroom apartment setup.

Where is this flex space located?

The property is located at 114 Airport Rd Pottstown, PA.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: 12,000 SF flex space currently used as an automotive machine shop; 4.5‑acre property with 5 drive‑in doors for convenient vehicle access; Radiant heat throughout the flex space