Building Details

Buildings 2

Listing Agency: Continental Realty

Listed By: joseph tarantino · License #RM026271A Show Phone

Source: Crexi

Added: Aug 4, 2022 Changed: Oct 11 Last Checked: Oct 23 at 4:16AM

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Investment Insights

Based on property information with market context.

This property presents an opportunity for a fabrication business specializing in custom wrought iron products. The property includes two buildings used for production, each equipped with bay doors large enough to accommodate trucks. The main building features a store/showroom, an office, a powder room, and a large shop area. The second building contains work rooms and a paint bay. The property includes almost an acre of land with a large gravel parking lot. The seller is willing to provide training for an agreed amount of time to a new owner.

Key Highlights

• Turnkey fabrication business specializing in custom wrought iron products.
• Two buildings with bay doors large enough for trucks.
• Includes store/showroom, office, powder room, large shop area, work rooms, and paint bay.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,708

Cap Rate

4.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$734,160 $734.2K

Cap Rate 7%

$524,400 $524.4K

Cap Rate 9%

$407,867 $407.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$57.0K $11.40/SF

− Vacancy

−$4.6K −$0.91/SF

EGI

$52.4K $10.49/SF

− OpEx

−$15.7K −$3.15/SF

NOI

$36.7K $7.34/SF

Area

Chester County, PA

Vacancy

8.00%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$734,160

Cap Rate 7%

$524,400

Cap Rate 9%

$407,867

Alternative Uses

Best Use

Industrial

$524.4K

$458.9K – $611.8K (±1% cap)

NOI $36,708 @ 7.0% cap · market cap 4.89%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,116 @ 7.0% cap · market cap 14.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Manufacturing properties

Location Intelligence

Trade Area within ½ mile

91

Businesses Nearby

Explore this area Business Placement

Demographics for 19457, PA

103

Population

46

Households

2.2

Avg Household Size

54

Median Age

74%

High-School Grad

0.3 sq mi

ZIP Area

343

Density / Sq Mi

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

Frequently Asked Questions

What type of property is this?

Manufacturing property - Turnkey fabrication business with two buildings and ample parking.

Where is this manufacturing property located?

The property is located at 2374 New Schuylkill Rd Parkerford, PA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Turnkey fabrication business specializing in custom wrought iron products.; Two buildings with bay doors large enough for trucks.; Includes store/showroom, office, powder room, large shop area, work rooms, and paint bay.