Renovated Flex/Studio Space For
449 E Lafayette St Norristown, PA
For Sale
Contact for pricing
Recently renovated 8,000 SF flex/studio space near transportation.
Property Size8,000 SF
Lot Size0.11 Acres
Price / SF$165.63
Days on Market369
Property Features for 449 E Lafayette St
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.11 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Zommick McMahon Commercial Real Estate
(610) 505-2242
Listed By:
Chase Gunther
(610) 505-2242
Source:
Moodyscre
Added: Jul 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:38AM
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 Zommick McMahon Commercial Real Estate
Investment Insights
Based on property information with market context.
This recently renovated flex/modern studio space offers approximately 8,000 square feet of space. The two-story building features modern, industrial finishes throughout. It is located immediately off the Norristown Transportation Center, which is served by the Manayunk/Norristown Regional Rail line to Center City, approximately 17 miles away. The property is adjacent to the Schuylkill River Trail, providing convenient biking and walking access. A single 12’x12’ drive-in door provides access to the space. The property offers excellent connectivity via I-76, Route 202, and Ridge Pike.
Key Highlights
- Recently renovated ±8,000 SF flex / modern studio space.
- Immediately off Norristown Transportation Center with regional rail access to Center City (±17 miles).
- Modern, industrial finishes throughout the two‑story building.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.7k | $18.96 |
| − Vacancy | −$10.6k | −$1.33 |
| EGI | $141.1k | $17.63 |
| − OpEx | −$49.4k | −$6.17 |
| NOI | $91.7k | $11.46 |
8,000 SF · lease $18.96/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.10M
NOI $125,773 @ 7.0% cap · market cap 9.49%
Second Best
Flex RnD
$1.31M
$1.15M – $1.53M
NOI $91,691 @ 7.0% cap · market cap 6.92%
Theoretical Best
Specialty Retail
$4.60M
$4.03M – $5.37M
NOI $322,118 @ 7.0% cap · market cap 24.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
G & H Service ...
Computer & Electronic Repair
Mike Lemon Casting
Theater & Performing Art Venue
Blu Bear Studios
Film Production
Similar Off Market Nearby
- Burly Dove Catering — 100 W Airy St, Norristown, PA 19401
- Simply Divine Catering — 14 W Main St, Norristown, PA 19401
FAQs
What type of property is this?
Flex space - Recently renovated 8,000 SF flex/studio space near transportation.
Where is this flex space located?
The property is located at 449 E Lafayette St Norristown, PA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Recently renovated ±8,000 SF flex / modern studio space.; Immediately off Norristown Transportation Center with regional rail access to Center City (±17 miles).; Modern, industrial finishes throughout the two‑story building.
