Redeveloped Atrium Office
For Sale
Contact for pricing
40 Lloyd Avenue, Malvern, PA 19355
Two-story office property with updated building systems, common areas, restrooms, and paved parking.
Property Size52,407 SF
Price / SF$0.00
Days on Market52
Property Features for 40 Lloyd Avenue
General Information
Standard status
Active
Size
52,407 SF
Class
Class A
Total Parking Spaces
189
Property subtype
Commercial
Zoning
R-3
Lease Term
Negotiable
Amenities
atrium lobby
views
Carpet,Concrete,Tile/Brick
Electric
Yes
5
N
Backs to Trees,Backs - Parkland,Backs - Open Common Area,Cleared,Corner,Front Yard,Landscaping,Level,Open,Partly Wooded,Rear Yard,Road Frontage,SideYard(s)
Public
C65
0.00 x 0.00
4.10
No
Estimated
Parking Lot
Lighted Parking,Handicap Parking,Paved Parking
Access - On Grade,Black Top
189
Block,Concrete Perimeter,Slab,Stone
52407.00
Assessor
Boro/Township
Building Details
Year Built
1923
Buildings
1
Listing Agency:
Larum Real Estate Consulting LLC
Listed By:
Matt Sigel · License #RM422876
(484) 571-5630
Source:
Thetristaterealestategroup
Added: Sep 14
Changed: Oct 31
Last Checked: Nov 3 at 4:27AM
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 Larum Real Estate Consulting LLC
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Investment Insights
Based on property information with market context.
Located at 40 Lloyd Avenue in Malvern, Pennsylvania, this office building contains 52,407 square feet across a two-story configuration. Originally completed in 1923 as an elementary school, the property transitioned to office use in 1983 and includes a two-story atrium lobby.
Recent redevelopment work replaced the windows, roof, parking lots, HVAC, common areas, and restrooms. The 4.10-acre property has 189 paved parking spaces, including lighted and handicap parking, with on-grade access. Site features include a level layout, landscaping, open areas, and partial woodland. The property is zoned R-3.
Recent redevelopment work replaced the windows, roof, parking lots, HVAC, common areas, and restrooms. The 4.10-acre property has 189 paved parking spaces, including lighted and handicap parking, with on-grade access. Site features include a level layout, landscaping, open areas, and partial woodland. The property is zoned R-3.
Key Highlights
- 52,407‑square‑foot office building on 4.10 acres
- Two‑story atrium lobby
- 189 paved parking spaces with lighted and handicap parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$823,925
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,478,500
$16.5M
Cap Rate 7%
$11,770,357
$11.8M
Cap Rate 9%
$9,154,722
$9.2M
Market Conditions
NOI Build-Up for 52,407 SF
Gross rent
$1.36M $26.04/SF
− Vacancy
−$266.1K −$5.08/SF
EGI
$1.10M $20.96/SF
− OpEx
−$274.6K −$5.24/SF
NOI
$823.9K $15.72/SF
Area
Chester 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%
$16,478,500
Cap Rate 7%
$11,770,357
Cap Rate 9%
$9,154,722
Alternative Uses
Best Use
Office B
$11.77M
$10.30M – $13.73M
NOI $823,925 @ 7.0% cap · market cap 3,295,700.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.89M
$13.90M – $18.54M
NOI $1,112,249 @ 7.0% cap · market cap 4,448,996.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
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Business Placement
Demographics for 19355, PA
29,273
Population
11,815
Households
2.5
Avg Household Size
41
Median Age
73%
College-Educated
97%
High-School Grad
38.3 sq mi
ZIP Area
764
Density / Sq Mi
$162,917
Median Household Income
$87,900
Median Earnings
$1,960
Median Rent
$662,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office property with updated building systems, common areas, restrooms, and paved parking.
Where is this office building located?
The property is located at 40 Lloyd Avenue Malvern, PA.
What are key features of this property?
This property features: 52,407‑square‑foot office building on 4.10 acres; Two‑story atrium lobby; 189 paved parking spaces with lighted and handicap parking
