Flex Warehouse Near Merck
For Sale
$1,600,000
633 Jones Ave, Lansdale, PA 19446
Flex/warehouse space with office, bathroom, and climate-controlled storage.
Property Size7,000 SF
Price / SF$228.57
Days on Market208
Property Features for 633 Jones Ave
General Information
Standard status
Active
Size
7,000 SF
Building Details
Year Built
2001
Listing Agency:
Lieberman Earley & Company
Listed By:
John E Lieberman · License #RM045484B
(610) 688-4300
Source:
Tbhteam
Added: Mar 26
Changed: Oct 10
Last Checked: Oct 7 at 5:04PM
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 Lieberman Earley & Company
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Investment Insights
Based on property information with market context.
This 7,000-square-foot flex/warehouse space is located adjacent to the Merck Pharmaceuticals campus. The open floor plan includes bathroom, shower, and locker rooms, with an office situated on the second level. The building has been approved by the PLCB for climate-controlled storage. The interior clear height is 20 feet.
Key Highlights
- Adjacent to Merck Pharmaceuticals Campus
- PLCB Approved for Climate Controlled Storage
- Benefit from 20 ft. Clear Height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,229
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,604,580
$1.6M
Cap Rate 7%
$1,146,129
$1.1M
Cap Rate 9%
$891,433
$891.4K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$132.7K $18.96/SF
− Vacancy
−$9.3K −$1.33/SF
EGI
$123.4K $17.63/SF
− OpEx
−$43.2K −$6.17/SF
NOI
$80.2K $11.46/SF
Area
Montgomery County, PA
Vacancy
7.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,604,580
Cap Rate 7%
$1,146,129
Cap Rate 9%
$891,433
Alternative Uses
Best Use
Flex RnD
$1.15M
$1.00M – $1.34M
NOI $80,229 @ 7.0% cap · market cap 5.01%
Second Best
Industrial
$734.2K
$642.4K – $856.5K
NOI $51,391 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$4.03M
$3.52M – $4.70M
NOI $281,853 @ 7.0% cap · market cap 17.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19446, PA
58,930
Population
24,983
Households
2.4
Avg Household Size
44
Median Age
51%
College-Educated
93%
High-School Grad
22.6 sq mi
ZIP Area
2,608
Density / Sq Mi
$103,875
Median Household Income
$60,396
Median Earnings
$1,738
Median Rent
$415,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Sweet Nettie Catering — 1820 W Point Pike, Lansdale, PA 19446
Frequently Asked Questions
What type of property is this?
Flex space - Flex/warehouse space with office, bathroom, and climate-controlled storage.
Where is this flex space located?
The property is located at 633 Jones Ave Lansdale, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Adjacent to Merck Pharmaceuticals Campus; PLCB Approved for Climate Controlled Storage; Benefit from **20 ft. Clear Height**
