Flex Space with Office-Shop
For Sale
Contact for pricing
4610 State Road, Drexel Hill, PA 19026
A flexible commercial layout combines private offices, customer reception, secure storage, and workshop space.
Property Size2,200 SF
Price / SF$184.09
Days on Market11
Property Features for 4610 State Road
General Information
Standard status
Active
Size
2,200 SF
Class
B
Property subtype
Industrial, Office, Mixed Use
Amenities
Functional office-to-shop layout
Bright private offices
Conference room
Open reception area
Secure storage rooms
Workshop area
Utility space
Flexible floor plan
Excellent natural light in office areas
Separate customer and employee access
Building Details
Abandoned
No
Listing Agency:
Italiano Commercial Real Estate
Listed By:
Edward Banes · License #PA RS322090
Source:
Crexi
Added: Jul 31
Changed: Aug 9
Last Checked: Aug 9 at 3:55PM
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 Italiano Commercial Real Estate
Investment Insights
Based on property information with market context.
This flex space features a practical office-and-workshop configuration with private offices, a conference room, and an open reception area. Secure storage rooms and dedicated utility space support day-to-day operations, while the adaptable floor plan accommodates varied workspace needs. Office areas receive strong natural light, and separate access points serve customers and employees.
The property is located at 4610 State Road in Drexel Hill, Pennsylvania, with the address placing the facility within a developed suburban commercial setting. Its combination of office, reception, storage, workshop, and utility areas creates a cohesive layout for businesses requiring both administrative and operational space.
The property is located at 4610 State Road in Drexel Hill, Pennsylvania, with the address placing the facility within a developed suburban commercial setting. Its combination of office, reception, storage, workshop, and utility areas creates a cohesive layout for businesses requiring both administrative and operational space.
Key Highlights
- Office and workshop areas arranged within one flexible floor plan
- Private offices with abundant natural light
- Conference room and open reception area
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
$36,068
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
8.91%
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%
$721,360
$721.4K
Cap Rate 7%
$515,257
$515.3K
Cap Rate 9%
$400,756
$400.8K
Market Conditions
NOI Build-Up for 2,200 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
$58.1K $26.40/SF
− Vacancy
−$10.0K −$4.54/SF
EGI
$48.1K $21.86/SF
− OpEx
−$12.0K −$5.46/SF
NOI
$36.1K $16.39/SF
Area
Delaware County, PA
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$721,360
Cap Rate 7%
$515,257
Cap Rate 9%
$400,756
Alternative Uses
Best Use
Office B
$515.3K
$450.9K – $601.1K
NOI $36,068 @ 7.0% cap · market cap 8.91%
Second Best
Flex RnD
$219.8K
$192.4K – $256.5K
NOI $15,389 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$667.0K
$583.6K – $778.2K
NOI $46,691 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A flexible commercial layout combines private offices, customer reception, secure storage, and workshop space.
Where is this flex space located?
The property is located at 4610 State Road Drexel Hill, PA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Office and workshop areas arranged within one flexible floor plan; Private offices with abundant natural light; Conference room and open reception area
