Two-Building Flex Space
For Sale
Contact for pricing
455 Parkway Drive, Broomall, PA
Masonry construction and a six-unit layout characterize this leased flex property.
Property Size21,500 SF
Lot Size1.08 Acres
Price / SF$137.21
Days on Market50
Property Features for 455 Parkway Drive
General Information
Standard status
Active
Size
21,500 SF
Lot size
1.08 Acres
Property subtype
Industrial
Occupancy
100%
Net Operating Income
$141,591
Additional Details
Highway Access
Yes
Building Details
Buildings
2
Construction
masonry
Tenancy
Multi
Listing Agency:
Atlas Realty Advisors
Listed By:
Joseph Battaglia · License #PA
Source:
Crexi
Added: Sep 15
Changed: Oct 26
Last Checked: Nov 3 at 5:08AM
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 Atlas Realty Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 455 Parkway Drive in Broomall, this flex space property comprises two masonry buildings totaling 21,500 SF on 1.08 acres. The improvements are configured for flex and light-industrial use across six units, all of which are currently leased.
The property is situated near the I-476 Blue Route, providing proximity to a regional transportation corridor. Its two-building layout combines a substantial commercial footprint with an established multi-unit configuration.
The property is situated near the I-476 Blue Route, providing proximity to a regional transportation corridor. Its two-building layout combines a substantial commercial footprint with an established multi-unit configuration.
Key Highlights
- 21,500 SF across two masonry buildings
- 1.08‑acre flex and light‑industrial property
- Six units, all currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,393
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,007,860
$3.0M
Cap Rate 7%
$2,148,471
$2.1M
Cap Rate 9%
$1,671,033
$1.7M
Market Conditions
NOI Build-Up for 21,500 SF
Gross rent
$245.1K $11.40/SF
− Vacancy
−$13.7K −$0.64/SF
EGI
$231.4K $10.76/SF
− OpEx
−$81.0K −$3.77/SF
NOI
$150.4K $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 Rate 5%
$3,007,860
Cap Rate 7%
$2,148,471
Cap Rate 9%
$1,671,033
Alternative Uses
Best Use
Flex RnD
$2.15M
$1.88M – $2.51M
NOI $150,393 @ 7.0% cap · market cap 5.10%
Second Best
Industrial
$1.86M
$1.63M – $2.17M
NOI $130,404 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$6.52M
$5.70M – $7.61M
NOI $456,301 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Country Squire Diner — 2560 West Chester Pike, Broomall, PA 19008
- Justine's Cuisines — 105 N Sproul Rd, Broomall, PA 19008
Frequently Asked Questions
What type of property is this?
Flex space - Masonry construction and a six-unit layout characterize this leased flex property.
Where is this flex space located?
The property is located at 455 Parkway Drive Broomall, PA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 21,500 SF across two masonry buildings; 1.08‑acre flex and light‑industrial property; Six units, all currently leased
