Flex Space with Detached
For Sale
$349,999
236 MILMONT AVENUE, Folsom, PA 19033
Well-maintained flex space on a highly visible corner lot with a large detached garage for workshop or additional storage.
Property Size2,196 SF
Price / SF$159.38
Days on Market81
Property Features for 236 MILMONT AVENUE
General Information
Standard status
Active
Size
2,196 SF
Property subtype
Commercial
Building Details
Year Built
1926
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 892-8300
Listed By:
Michael Mulholland · License #RS277114
(484) 222-8804
Source:
Cummingsrealtors
Added: Jun 27
Changed: Sep 14
Last Checked: Sep 15 at 6:39AM
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.
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.
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 = 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
$15,361
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
4.39%
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%
$307,220
$307.2K
Cap Rate 7%
$219,443
$219.4K
Cap Rate 9%
$170,678
$170.7K
Market Conditions
NOI Build-Up for 2,196 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
$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 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%
$307,220
Cap Rate 7%
$219,443
Cap Rate 9%
$170,678
Alternative Uses
Best Use
Flex RnD
$219.4K
$192.0K – $256.0K
NOI $15,361 @ 7.0% cap · market cap 4.39%
Second Best
Industrial
$190.3K
$166.5K – $222.0K
NOI $13,319 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$665.8K
$582.6K – $776.8K
NOI $46,606 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- Edie's Catering & Wedding Services — 718 MacDade Boulevard, Folsom, PA 19033
- Capozzoli Catering — 801 Morton Ave, Folsom, PA 19033
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 $349,999.
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
