Office Unit in Industrial
New
For Sale
Contact for pricing
2321 N Penn Road, Hatfield, PA 19440
The workspace includes a kitchen area, two bathrooms, and windows that bring in natural light.
Property Size30,000 SF
Price / SF$0.08
Days on Market3
Property Features for 2321 N Penn Road
General Information
Standard status
Active
Size
30,000 SF
Total Parking Spaces
48
Property subtype
Commercial
Zoning
LIGHT INDUSTRIAL
Lease Term
12 Months
Amenities
Kitchen Area
Two Bathrooms
Natural Light
Industrial Aesthetics
Electric
Yes
2500
1
2
30000
Public
390.00 x 0.00
3.94
No
Assessor
Parking Lot
Paved Parking
Black Top,Paved
45
30000.00
48
Building Details
Year Built
1985
Listing Agency:
High Associates Ltd.
(856) 222-0077
Listed By:
Brittany Moody
(609) 744-6614
Source:
Thetristaterealestategroup
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 7:02AM
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 High Associates Ltd.
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Investment Insights
Based on property information with market context.
Office space within an industrial warehouse complex features a combination of enclosed offices and open workspace, along with a kitchen area and two bathrooms. Windows provide natural light, and the property is zoned light industrial.
The complex is situated in an industrial area with access to major transportation routes. Parking is provided on site.
The complex is situated in an industrial area with access to major transportation routes. Parking is provided on site.
Key Highlights
- Office space located within an industrial warehouse complex
- Enclosed offices and open workspace
- Kitchen area and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$471,650
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,433,000
$9.4M
Cap Rate 7%
$6,737,857
$6.7M
Cap Rate 9%
$5,240,556
$5.2M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$781.2K $26.04/SF
− Vacancy
−$152.3K −$5.08/SF
EGI
$628.9K $20.96/SF
− OpEx
−$157.2K −$5.24/SF
NOI
$471.6K $15.72/SF
Area
Montgomery County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,433,000
Cap Rate 7%
$6,737,857
Cap Rate 9%
$5,240,556
Alternative Uses
Best Use
Office B
$6.74M
$5.90M – $7.86M
NOI $471,650 @ 7.0% cap · market cap 18,866.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$17.26M
$15.10M – $20.13M
NOI $1,207,942 @ 7.0% cap · market cap 48,317.68%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 19440, PA
19,683
Population
7,635
Households
2.6
Avg Household Size
43
Median Age
47%
College-Educated
95%
High-School Grad
11.3 sq mi
ZIP Area
1,742
Density / Sq Mi
$101,654
Median Household Income
$53,118
Median Earnings
$1,391
Median Rent
$413,100
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
Frequently Asked Questions
What type of property is this?
Office units - The workspace includes a kitchen area, two bathrooms, and windows that bring in natural light.
Where is this office units located?
The property is located at 2321 N Penn Road Hatfield, PA.
What are key features of this property?
This property features: Office space located within an industrial warehouse complex; Enclosed offices and open workspace; Kitchen area and two bathrooms
