Two-Unit Flex
444 SCHOOL LN, Harleysville, PA 19438
For Sale
$625,000
Office, shop, and storage areas are arranged across two leased units in the Village Commercial district.
Property Size6,324 SF
Lot Size0.73 Acres
Price / SF$98.83
Days on Market12
Property Features for 444 SCHOOL LN
General Information
Standard status
Size
Lot size
Zoning
Warehouse & Industrial
Voltage
Three-Phase Power
Additional Details
Road Access
Tenant in Place
Building Details
Buildings
Building Size
Listing Agency:
RE/MAX Reliance
(215) 723-4150
Listed By:
Michele Hohlfeld · License #301735
(610) 212-0152
Source:
Hostetterrealty
Added: Oct 28
Changed: Nov 7
Last Checked: Nov 8 at 5:25AM
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 RE/MAX Reliance
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Investment Insights
Based on property information with market context.
The 6,324-square-foot flex building occupies 0.73 acres and is configured as two units. The main level combines a foyer, breakroom/conference room, four offices, a half bath, and a shop area, with two storage areas above. A loading dock and garage door provide access to the shop. Electrical service includes 230–460-volt three-phase and single-phase power. The lower level offers unfinished space and a separate garage door. Stone and vinyl siding, a metal roof, and gravel and paved parking areas complete the property.
Access is available from School Lane and Main St./Route 63, with the Lansdale interchange of I-476 four miles away. The property is in the Village Commercial zoning district. Potential uses identified for the district include offices, retail and bakery shops, studios, personal services, repair shops, and churches; prospective occupants should confirm applicable requirements with Lower Salford Township.
Access is available from School Lane and Main St./Route 63, with the Lansdale interchange of I-476 four miles away. The property is in the Village Commercial zoning district. Potential uses identified for the district include offices, retail and bakery shops, studios, personal services, repair shops, and churches; prospective occupants should confirm applicable requirements with Lower Salford Township.
Key Highlights
- 6,324‑square‑foot building on 0.73 acres
- Two‑unit layout with office, shop, upper‑level storage, and unfinished lower‑level space
- 230–460‑volt three‑phase and single‑phase electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,428
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,560
$928.6K
Cap Rate 7%
$663,257
$663.3K
Cap Rate 9%
$515,867
$515.9K
Market Conditions
NOI Build-Up for 6,324 SF
Gross rent
$72.1K $11.40/SF
− Vacancy
−$5.8K −$0.91/SF
EGI
$66.3K $10.49/SF
− OpEx
−$19.9K −$3.15/SF
NOI
$46.4K $7.34/SF
Area
Montgomery 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%
$928,560
Cap Rate 7%
$663,257
Cap Rate 9%
$515,867
Alternative Uses
Best Use
Flex RnD
$1.04M
$906.0K – $1.21M
NOI $72,481 @ 7.0% cap · market cap 11.60%
Second Best
Warehouse
$924.1K
$808.6K – $1.08M
NOI $64,685 @ 7.0% cap · market cap 10.35%
Theoretical Best
Specialty Retail
$3.64M
$3.18M – $4.24M
NOI $254,634 @ 7.0% cap · market cap 40.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19438, PA
25,134
Population
9,572
Households
2.6
Avg Household Size
44
Median Age
52%
College-Educated
97%
High-School Grad
22.2 sq mi
ZIP Area
1,132
Density / Sq Mi
$138,955
Median Household Income
$67,748
Median Earnings
$1,697
Median Rent
$455,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Montgomery County, PA
Properties on Market for Flex space in Montgomery County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Office, shop, and storage areas are arranged across two leased units in the Village Commercial district.
Where is this flex space located?
The property is located at 444 SCHOOL LN Harleysville, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 6,324‑square‑foot building on 0.73 acres; Two‑unit layout with office, shop, upper‑level storage, and unfinished lower‑level space; 230–460‑volt three‑phase and single‑phase electrical service
