Two-Story Warehouse With Office
For Sale
$350,000
238 CLIFTON Avenue, Collingdale, PA 19023
Commercial Sale, COLLINGDALE, PA
Property Size2,310 SF
Price / SF$151.52
Days on Market132
Property Features for 238 CLIFTON Avenue
General Information
Property type
Other
Property subtype
Retail
Parking features
On Street
Elementary school
HARRIS SCHOOL
Middle school
HARRIS SCHOOL
High school
ACADEMY PARK
Elementary school district
SOUTHEAST DELCO
Middle school district
SOUTHEAST DELCO
High school district
SOUTHEAST DELCO
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
6968
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1969
Number of units
1
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 892-8300
Listed By:
Michael Mulholland · License #RS277114
(484) 222-8804
Added: May 4
Changed: Aug 26
Last Checked: Sep 12 at 8:06PM
MLS# PADE2114450
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story warehouse at 238 Clifton Avenue provides approximately 2,300+ square feet of stated industrial space, with the second-floor area excluded from that figure. The 21' x 110' footprint includes two dedicated offices and a powder room. A high-output heating system serves the first floor when properly vented and insulated, while central air and forced-air heating are also listed for the property.
The building has 3-phase electric service for equipment-intensive operations and on-street parking. The front roof section was replaced approximately 7-8 years ago; the rear section has received ongoing spot repairs. The property was built in 1969 and is located in Collingdale, Pennsylvania, within Delaware County.
The building has 3-phase electric service for equipment-intensive operations and on-street parking. The front roof section was replaced approximately 7-8 years ago; the rear section has received ongoing spot repairs. The property was built in 1969 and is located in Collingdale, Pennsylvania, within Delaware County.
Key Highlights
- Approximately 2,300+ square feet of stated industrial space across a 21' x 110' footprint
- Two‑story layout with additional second‑floor space excluded from the stated square footage
- 3‑phase electric service for equipment and industrial operations
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
$16,159
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
4.62%
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%
$323,180
$323.2K
Cap Rate 7%
$230,843
$230.8K
Cap Rate 9%
$179,544
$179.5K
Market Conditions
NOI Build-Up for 2,310 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
$26.3K $11.40/SF
− Vacancy
−$1.5K −$0.64/SF
EGI
$24.9K $10.76/SF
− OpEx
−$8.7K −$3.77/SF
NOI
$16.2K $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%
$323,180
Cap Rate 7%
$230,843
Cap Rate 9%
$179,544
Alternative Uses
Best Use
Flex RnD
$230.8K
$202.0K – $269.3K
NOI $16,159 @ 7.0% cap · market cap 4.62%
Second Best
Industrial
$200.2K
$175.1K – $233.5K
NOI $14,011 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$700.4K
$612.8K – $817.1K
NOI $49,026 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19023, PA
22,180
Population
9,089
Households
2.4
Avg Household Size
34
Median Age
17%
College-Educated
87%
High-School Grad
2.0 sq mi
ZIP Area
11,090
Density / Sq Mi
$48,962
Median Household Income
$37,110
Median Earnings
$1,240
Median Rent
$117,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Flexible industrial building with 3-phase electric service, dedicated offices, and separate upper-level space.
Where is this warehouse located?
The property is located at 238 CLIFTON Avenue Collingdale, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 2,300+ square feet of stated industrial space across a 21' x 110' footprint; Two‑story layout with additional second‑floor space excluded from the stated square footage; 3‑phase electric service for equipment and industrial operations
