Freestanding Storefront
For Sale
$1,250,000
2040 NAPFLE AVENUE, Philadelphia, PA 19152
Commercial Sale - PHILADELPHIA, PA
Property Size5,000 SF
Lot Size0.53 Acres
Price / SF$250
Days on Market109
Property Features for 2040 NAPFLE AVENUE
General Information
Property type
Other
Property subtype
Retail
Parking
25
Parking features
Parking Lot
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Lot size
0.53 Acres
Taxes and HOA fees
Tax Annual Amount
8913
Amenities
freestanding
drive-in capability
multiple access points
flexible parking configurations
Building Details
Year built
1960
Building materials
Brick
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Added: May 13
Changed: Aug 13
Last Checked: Aug 29 at 2:06PM
MLS# PAPH2621228
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding storefront property contains a 5,000 SF single-story commercial building on a 0.53-acre triangular parcel. Brick construction dates to 1960, and at-grade access supports drive-in operations. The site includes a parking lot and frontage along both Napfle Avenue and Glendale Avenue, with multiple access points and flexibility for parking arrangements.
The property occupies the apex of a five-point intersection in Northeast Philadelphia, directly adjacent to a McDonald's and near the area's primary commercial corridors. Its position provides exposure while remaining just off the main thoroughfares. The building and site can accommodate automotive, medical, retail, and service-oriented uses.
The property occupies the apex of a five-point intersection in Northeast Philadelphia, directly adjacent to a McDonald's and near the area's primary commercial corridors. Its position provides exposure while remaining just off the main thoroughfares. The building and site can accommodate automotive, medical, retail, and service-oriented uses.
Key Highlights
- 5,000 SF single‑story freestanding commercial building
- 0.53‑acre triangular parcel with frontage on Napfle and Glendale Avenues
- At‑grade construction supports drive‑in access
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
$56,511
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
4.52%
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%
$1,130,220
$1.1M
Cap Rate 7%
$807,300
$807.3K
Cap Rate 9%
$627,900
$627.9K
Market Conditions
NOI Build-Up for 5,000 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
$90.0K $18.00/SF
− Vacancy
−$9.3K −$1.85/SF
EGI
$80.7K $16.15/SF
− OpEx
−$24.2K −$4.84/SF
NOI
$56.5K $11.30/SF
Area
Philadelphia, 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%
$1,130,220
Cap Rate 7%
$807,300
Cap Rate 9%
$627,900
Alternative Uses
Best Use
Retail
$807.3K
$706.4K – $941.9K
NOI $56,511 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,480
Businesses Nearby
320k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Groceries 27%
Dining 24%
Shops & Services 8%
Target
Superstores
122,938 visits/mo
0.4 miles
ACME Markets
Groceries
51,213 visits/mo
0.4 miles
Aldi
Groceries
34,394 visits/mo
0.5 miles
McDonald's
Dining
23,946 visits/mo
0.1 miles
Taco Bell
Dining
21,599 visits/mo
0.4 miles
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-story brick building with drive-in access, parking, and frontage along two avenues.
Where is this storefront property located?
The property is located at 2040 NAPFLE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 5,000 SF single‑story freestanding commercial building; 0.53‑acre triangular parcel with frontage on Napfle and Glendale Avenues; At‑grade construction supports drive‑in access
