Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Space in Pottstown Title is generated by Realmo AI

    259 SOUTH STREET, Pottstown, PA 19464

    View on Map
    Claim this Listing
    For Lease
    $3 SF/Yr $3,934/Mo (calc)

    Adaptable space suitable for office, recreation, or light storage.

    Type:Rental
    Property size:
    15,736 SF
    Lot size:
    0.72 Acres
    Added:
    Dec 6, 2022
    Days on Market:
    1272
    Last Refresh:
    May 19 at 11:06 pm

    Property Features for 259 SOUTH STREET

    General Information

    Standard status
    Active
    Size
    15,736 SF
    Lot size
    0.72 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Jim Watters

    Listing agent Jim Watters License #RM420153

    Listing office 422 Commercial Realty

    Listing date Dec 6, 2022

    Source Exitrealty

    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 422 Commercial Realty

    HighLights

    • Large upper level space available (15,736 sq ft) suitable for office, recreation, or light storage/assembly.
    • Affordable base rate of $3.00 NNN per square foot for the upper level.
    • Landlord will install an elevator/lift for freight movement.
    • Drive‑in door on the upper level.
    • Tractor trailer parking available.
    • Opportunity for renovation of upper level to tenant specifications.

    Overview

    This property offers a versatile space suitable for various purposes, with availability in Spring '24. The upper level, comprising 15,736 square feet, is best suited for office use, neighborhood recreation, or light storage and assembly. The base rate for the upper level is $3.00 per square foot (NNN). While a drive-in door exists on the upper level, accessibility is limited. The landlord intends to install an elevator or lift to facilitate freight movement in and out of the front door area. Some tractor-trailer parking is available, along with parking for other vehicles. Prospective tenants will need to await the renovation of the upper level unless leasing the space as-is. The lower level is fully leased. The property is located in Pottstown, PA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pottstown
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.647258
    Latitude
    40.243425

    Nearby Similar for Lease

    • $804/Mo
      603 SF

      Pottstown Commercial Suite For Lease

      Versatile commercial suite suitable for office, wellness, or creative use.
      1200 E HIGH Street, POTTSTOWN, PA 19464
      View Details
    • $1,250/Mo

      Pottstown Commercial Space For Lease

      Centrally located commercial space with flexible layout and parking.
      79 N CHARLOTTE Street, POTTSTOWN, PA 19464
      View Details
    • $9 SF/Yr
      5,000 SF

      Industrial Single Tenant Space

      Industrial single tenant property with 5,000 square feet available.
      581 W High St, Pottstown, PA 19464
      View Details
    • $1,000/Mo

      POTTSTOWN Office Space For Lease

      Approximately 1,500 SF of customizable open office space for lease.
      1132 RIDGE Road, POTTSTOWN, PA 19465
      View Details
    • Contact for pricing
      1,200 SF

      Pottstown Office Space For Lease

      Office space for lease in Pottstown, Pennsylvania.
      1603 E High St, Pottstown, PA 19464
      View Details
    • $1,500/Mo
      700 SF

      Pottstown Creative Office Space

      Renovated 700 sq ft office space in downtown Pottstown.
      204 E HIGH STREET 2ND FLOOR, POTTSTOWN, PA 19464
      View Details
    • Contact for pricing
      105,000 SF

      Pottstown Warehouse Space Available

      105,000 sqft warehouse space for lease in Pottstown, PA.
      1000 Armand Hammer Blvd , Pottstown, PA, 19464
      View Details
    • $3,000/Mo

      Pottstown Flex/Industrial Space Available

      Flex/Industrial space for rent in Pottstown, Pennsylvania.
      379 Cherry St #1, Pottstown, PA 19464
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Pottstown Center

      Retail space available in shopping center with strong local tenants.
      80 Glocker Way, Pottstown, PA
      View Details
    • $1,000/Mo

      Equipped Office Space in Pottstown

      Turn-key office space with furniture, parking, and security.
      61 N FRANKLIN STREET, POTTSTOWN, PA 19464
      View Details
    • $9,000/Mo

      Downtown Pottstown Warehouse with Showroom

      Two-story warehouse with showroom, offices, and loading dock.
      22 E HIGH STREET, POTTSTOWN, PA 19464
      View Details
    • Contact for pricing
      146,000 SF

      Pottstown Industrial/Manufacturing Single-Tenant Opportunity

      Large-scale industrial facility for single-tenant use in Pottstown, PA.
      274 Shoemaker Road, Pottstown, PA 19464
      View Details

    FAQs

    What type of property is this?
    Flex space - Adaptable space suitable for office, recreation, or light storage.
    Where is this flex space located?
    The property is located at 259 SOUTH STREET Pottstown, PA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: Large upper level space available (15,736 sq ft) suitable for office, recreation, or light storage/assembly.; Affordable base rate of $3.00 NNN per square foot for the upper level.; Landlord will install an elevator/lift for freight movement.
    (610) 574-6271
    We can help!
    Listing Contact
    Jim Watters
    Real Estate License ID: RM420153
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    259 SOUTH STREET, POTTSTOWN, PA 19464
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!