Flex Building with Drive-In
New
For Sale
$699,999
1923 Fairview Ave, Willow Grove, PA 19090
The office-oriented layout can be adapted for warehouse use, with an existing drive-in door.
Property Size4,280 SF
Lot Size0.15 Acres
Price / SF$163.55
Days on Market3
Property Features for 1923 Fairview Ave
General Information
Standard status
Active
Size
4,280 SF
Lot size
0.15 Acres
Property subtype
Industrial
Additional Details
Drive-In Doors
1
Property Use
Flex
Building Details
Building Size
4,280 SF
Year Built
1920
Buildings
1
Listing Agency:
MPN Realty, Inc.
Listed By:
Kyle Ruffing
(267) 394-2735
Source:
Mpnrealty
Added: Nov 1
Changed: Nov 2
Last Checked: Nov 1 at 3:08PM
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 MPN Realty, Inc.
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Investment Insights
Based on property information with market context.
This 4,280 +/- SF flex property in Willow Grove is configured mainly for office use and includes a drive-in door. The layout can be reworked for warehouse space. Built in 1920, the building occupies a 6,425+/- SF lot and is expected to be vacant at closing.
Located at 1923 Fairview Ave, the property has served as a Montgomery County office for a water damage restoration business for 10 years.
Located at 1923 Fairview Ave, the property has served as a Montgomery County office for a water damage restoration business for 10 years.
Key Highlights
- 4,280 +/- SF building on a 6,425+/- SF lot
- Existing drive‑in door and layout adaptable for warehouse use
- Primarily configured as office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,054
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,080
$981.1K
Cap Rate 7%
$700,771
$700.8K
Cap Rate 9%
$545,044
$545.0K
Market Conditions
NOI Build-Up for 4,280 SF
Gross rent
$81.1K $18.96/SF
− Vacancy
−$5.7K −$1.33/SF
EGI
$75.5K $17.63/SF
− OpEx
−$26.4K −$6.17/SF
NOI
$49.1K $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 Rate 5%
$981,080
Cap Rate 7%
$700,771
Cap Rate 9%
$545,044
Alternative Uses
Best Use
Office B
$961.3K
$841.1K – $1.12M
NOI $67,289 @ 7.0% cap · market cap 9.61%
Second Best
Flex RnD
$700.8K
$613.2K – $817.6K
NOI $49,054 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$2.46M
$2.15M – $2.87M
NOI $172,333 @ 7.0% cap · market cap 24.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,158
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19090, PA
20,180
Population
8,141
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
95%
High-School Grad
4.6 sq mi
ZIP Area
4,387
Density / Sq Mi
$97,341
Median Household Income
$55,254
Median Earnings
$1,606
Median Rent
$338,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Streetside BBQ — 801 W Moreland Rd, Willow Grove, PA 19090
Frequently Asked Questions
What type of property is this?
Flex space - The office-oriented layout can be adapted for warehouse use, with an existing drive-in door.
Where is this flex space located?
The property is located at 1923 Fairview Ave Willow Grove, PA.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 4,280 +/- SF building on a 6,425+/- SF lot; Existing drive‑in door and layout adaptable for warehouse use; Primarily configured as office space
