Building Details

Year Built 1926

Listing Agency: Long & Foster Real Estate, Inc. m***@longandfoster.com Show Phone

Listed By: Michael Mulholland · License #RS277114 Show Phone

Source: Cummingsrealtors

Added: Jul 27 Changed: Oct 29 Last Checked: Oct 30 at 4:28PM

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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 Long & Foster Real Estate, Inc.

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This well-maintained flex space is located on a highly visible corner lot. The property includes a large detached garage that can support a workshop and provides additional storage for business operations.

The building is situated just off MacDade Blvd, offering convenient access to the surrounding commercial area.

Built in 1926, the property offers 2,196 SF of space, with the combination of indoor layout and detached garage supporting a variety of flexible uses.

Key Highlights

• Highly visible corner lot location just off MacDade Blvd
• Large detached garage for workshop and additional storage
• Well‑maintained flex space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,361

Cap Rate

4.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$307,220 $307.2K

Cap Rate 7%

$219,443 $219.4K

Cap Rate 9%

$170,678 $170.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,196 SF

Gross rent

$25.0K $11.40/SF

− Vacancy

−$1.4K −$0.64/SF

EGI

$23.6K $10.76/SF

− OpEx

−$8.3K −$3.77/SF

NOI

$15.4K $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 Rate 5%

$307,220

Cap Rate 7%

$219,443

Cap Rate 9%

$170,678

Alternative Uses

Best Use

Flex RnD

$219.4K

$192.0K – $256.0K (±1% cap)

NOI $15,361 @ 7.0% cap · market cap 4.73%

Second Best

Industrial

$190.3K

$166.5K – $222.0K (±1% cap)

NOI $13,319 @ 7.0% cap · market cap 4.10%

Theoretical Best

Office A

$665.8K

$582.6K – $776.8K (±1% cap)

NOI $46,606 @ 7.0% cap · market cap 14.34%

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

Flex space

Suggested Use

Top Pick Real Estate Agency Law Firm Bakery Hair Salon Carpet & Flooring Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

719

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 19033, PA

7,798

Population

2,987

Households

2.6

Avg Household Size

40

Median Age

31%

College-Educated

93%

High-School Grad

1.2 sq mi

ZIP Area

6,498

Density / Sq Mi

$102,313

Median Household Income

$50,659

Median Earnings

$1,284

Median Rent

$264,300

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Similar Off Market Nearby

• Edie's Catering & Wedding Services — 718 MacDade Boulevard, Folsom, PA 19033
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Frequently Asked Questions

What type of property is this?

Flex space - Well-maintained flex space on a highly visible corner lot with a large detached garage for workshop or additional storage.

Where is this flex space located?

The property is located at 236 MILMONT AVENUE Folsom, PA.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Highly visible corner lot location just off MacDade Blvd; Large detached garage for workshop and additional storage; Well‑maintained flex space