Phoenixville Commercial Property For
For Sale
Contact for pricing
Pending
639 Schuylkill Rd, Phoenixville, PA 19460
Former Harpoon Louies premises with development potential in Phoenixville, PA.
Property Size6,914 SF
Lot Size5.76 Acres
Days on Market867
Property Features for 639 Schuylkill Rd
General Information
Standard status
Pending
Size
6,914 SF
Lot size
5.76 Acres
Property subtype
Retail
Zoning
C
Investment Type
Owner/User
Building Details
Year Built
1974
Units
1
Listing Agency:
Real Broker
(215) 664-1091
Listed By:
Beau McGettigan · License #AB069815
Source:
Crexi
Added: Apr 9, 2024
Changed: Aug 14
Last Checked: Aug 22 at 6:36PM
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 Real Broker
Investment Insights
Based on property information with market context.
This commercial property for sale includes the former Harpoon Louies premises and adjacent parcels, located at 639, 631, 633, and 635 Schuylkill Rd, Phoenixville, PA 19460. The expansive property encompasses a total land area of 250,805 square feet, featuring a primary building comprising 6,916 square feet. The property's zoning permits a diverse array of uses, making it suitable for an owner/user or a development endeavor. The property benefits from excellent daily traffic and prominent road exposure, ensuring visibility and accessibility for potential businesses. Its proximity to new housing developments and downtown Phoenixville enhances its desirability as a prime investment opportunity.
Key Highlights
- Large land area: 250,805 square feet.
- Versatile zoning permits a diverse array of uses.
- Excellent daily traffic and prominent road exposure.
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
$78,143
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
5.21%
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%
$1,562,860
$1.6M
Cap Rate 7%
$1,116,329
$1.1M
Cap Rate 9%
$868,256
$868.3K
Market Conditions
NOI Build-Up for 6,914 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
$124.5K $18.00/SF
− Vacancy
−$12.8K −$1.85/SF
EGI
$111.6K $16.15/SF
− OpEx
−$33.5K −$4.84/SF
NOI
$78.1K $11.30/SF
Area
Chester County, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,562,860
Cap Rate 7%
$1,116,329
Cap Rate 9%
$868,256
Alternative Uses
Best Use
Retail
$1.12M
$976.8K – $1.30M
NOI $78,143 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,738 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 19460, PA
43,611
Population
18,881
Households
2.3
Avg Household Size
40
Median Age
58%
College-Educated
96%
High-School Grad
34.5 sq mi
ZIP Area
1,264
Density / Sq Mi
$120,472
Median Household Income
$65,879
Median Earnings
$1,622
Median Rent
$426,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Former Harpoon Louies premises with development potential in Phoenixville, PA.
Where is this retail space located?
The property is located at 639 Schuylkill Rd Phoenixville, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Large land area: 250,805 square feet.; Versatile zoning permits a diverse array of uses.; Excellent daily traffic and prominent road exposure.
