Flex Space with Dock
For Sale
Contact for pricing
1501 Blueball Ave, Marcus Hook, PA 19061
Partially renovated commercial space offers high-voltage power, air conditioning, parking, and rear outdoor storage.
Property Size24,000 SF
Price / SF$83.13
Days on Market207
Property Features for 1501 Blueball Ave
General Information
Standard status
Active
Size
24,000 SF
Class
B
Property subtype
Industrial, Office, Special Purpose
Listing Agency:
Italiano Commercial Real Estate
(610) 918-1990
Listed By:
Edward Banes · License #PA RS322090
Source:
Crexi
Added: Feb 4
Changed: Aug 29
Last Checked: Jul 17 at 11:54PM
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
Investment Insights
Based on property information with market context.
The 24,000-square-foot flex space at 1501 Blueball Ave in Marcus Hook includes partially renovated office, flex, and R&D areas. The property is equipped with 13,200 volt HT power and is 80% air conditioned. Dock loading is in place, with drive-in capability identified as a potential addition.
A large parking lot and rear outdoor storage support the site’s commercial configuration. The property sits in a business park next to FEDEX, with immediate access to multiple I-95 exits. The location is also minutes from the airport, I-476, Rt. 322, New Jersey, and Delaware.
A large parking lot and rear outdoor storage support the site’s commercial configuration. The property sits in a business park next to FEDEX, with immediate access to multiple I-95 exits. The location is also minutes from the airport, I-476, Rt. 322, New Jersey, and Delaware.
Key Highlights
- 24,000 square feet of partially renovated office, flex, and R&D space
- 13,200 volt HT power and 80% air conditioned
- Dock loading with drive‑in potential
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
$167,881
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
8.42%
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%
$3,357,620
$3.4M
Cap Rate 7%
$2,398,300
$2.4M
Cap Rate 9%
$1,865,344
$1.9M
Market Conditions
NOI Build-Up for 24,000 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
$273.6K $11.40/SF
− Vacancy
−$15.3K −$0.64/SF
EGI
$258.3K $10.76/SF
− OpEx
−$90.4K −$3.77/SF
NOI
$167.9K $7.00/SF
Area
Delaware County, PA
Vacancy
5.60%
Lease Rate
$11.40 /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%
$3,357,620
Cap Rate 7%
$2,398,300
Cap Rate 9%
$1,865,344
Alternative Uses
Best Use
Office B
$5.62M
$4.92M – $6.56M
NOI $393,466 @ 7.0% cap · market cap 19.72%
Second Best
Flex RnD
$2.40M
$2.10M – $2.80M
NOI $167,881 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$7.28M
$6.37M – $8.49M
NOI $509,359 @ 7.0% cap · market cap 25.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19061, PA
20,207
Population
8,381
Households
2.4
Avg Household Size
40
Median Age
21%
College-Educated
92%
High-School Grad
7.0 sq mi
ZIP Area
2,887
Density / Sq Mi
$77,249
Median Household Income
$46,055
Median Earnings
$1,215
Median Rent
$229,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Partially renovated commercial space offers high-voltage power, air conditioning, parking, and rear outdoor storage.
Where is this flex space located?
The property is located at 1501 Blueball Ave Marcus Hook, PA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 24,000 square feet of partially renovated office, flex, and R&D space; 13,200 volt HT power and 80% air conditioned; Dock loading with drive‑in potential
