Single-Tenant Flex
For Sale
Contact for pricing
Pending
1633 REPUBLIC RD, Huntingdon Valley, PA 19006
Single-tenant flex building with two loading docks, a drive-in door, and renovation completed in 2019.
Property Size15,000 SF
Lot Size1.03 Acres
Days on Market123
Property Features for 1633 REPUBLIC RD
General Information
Standard status
Pending
Size
15,000 SF
Class
B
Lot size
1.03 Acres
Property subtype
Industrial, Mixed Use
Zoning
B-IND - Business / Industrial District
Occupancy
100%
Investment Type
Value Add
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
1
Building Details
Year Built
1978
Year Renovated
2019
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Avison Young - Suburban Philadelphia
Listed By:
Adam Gillespie · License #PA RS293296
Source:
Crexi
Added: May 6
Changed: Sep 2
Last Checked: Sep 4 at 4:14PM
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 Avison Young - Suburban Philadelphia
Investment Insights
Based on property information with market context.
1633 Republic Road is a single-tenant flex building offering a total of 15,000 square feet on 1.03 acres. The building was fully renovated in 2019 and is equipped for practical loading, with two loading docks plus one drive-in door. The offering includes abundant IOS space.
The property is located adjacent to the Pennsylvania Turnpike (I-276) in a heavy in-fill area, supporting straightforward access to regional routes.
This flex configuration is suited to occupiers and investors seeking a renovated, function-focused warehouse/flex setup with multiple loading options.
The property is located adjacent to the Pennsylvania Turnpike (I-276) in a heavy in-fill area, supporting straightforward access to regional routes.
This flex configuration is suited to occupiers and investors seeking a renovated, function-focused warehouse/flex setup with multiple loading options.
Key Highlights
- Single‑tenant 15,000 SF flex building on 1.03 acres
- Fully renovated in 2019
- Includes two loading docks plus one drive‑in door
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
$171,920
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
7.64%
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%
$3,438,400
$3.4M
Cap Rate 7%
$2,456,000
$2.5M
Cap Rate 9%
$1,910,222
$1.9M
Market Conditions
NOI Build-Up for 15,000 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
$284.4K $18.96/SF
− Vacancy
−$19.9K −$1.33/SF
EGI
$264.5K $17.63/SF
− OpEx
−$92.6K −$6.17/SF
NOI
$171.9K $11.46/SF
Area
Montgomery County, PA
Vacancy
7.00%
Lease Rate
$18.96 /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%
$3,438,400
Cap Rate 7%
$2,456,000
Cap Rate 9%
$1,910,222
Alternative Uses
Best Use
Flex RnD
$2.46M
$2.15M – $2.87M
NOI $171,920 @ 7.0% cap · market cap 7.64%
Second Best
Warehouse
$2.19M
$1.92M – $2.56M
NOI $153,428 @ 7.0% cap · market cap 6.82%
Theoretical Best
Specialty Retail
$8.63M
$7.55M – $10.07M
NOI $603,971 @ 7.0% cap · market cap 26.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19006, PA
23,148
Population
8,691
Households
2.7
Avg Household Size
45
Median Age
54%
College-Educated
96%
High-School Grad
13.3 sq mi
ZIP Area
1,740
Density / Sq Mi
$124,302
Median Household Income
$60,236
Median Earnings
$1,430
Median Rent
$518,500
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 - Single-tenant flex building with two loading docks, a drive-in door, and renovation completed in 2019.
Where is this flex space located?
The property is located at 1633 REPUBLIC RD Huntingdon Valley, PA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Single‑tenant 15,000 SF flex building on 1.03 acres; Fully renovated in 2019; Includes two loading docks plus one drive‑in door
