19,500 SF Warehouse on 2.37
For Sale
$5,000,000
10096 Sandmeyer Lane, Philadelphia, PA 19116
Warehouse with outdoor storage, expandable, abundant labor, and convenient location.
Property Size19,500 SF
Price / SF$256.41
Days on Market412
Property Features for 10096 Sandmeyer Lane
General Information
Standard status
Active
Size
19,500 SF
Property subtype
Industrial
Site & Location
Neighborhood
Northeast Philadelphia
Building Details
Building Size
19,500 SF
Listing Agency:
Lee & Associates | Suburban Philadelphia
Listed By:
Tony Rod, SIOR · License #NJ #1222575
(610) 400-0486
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Oct 25
Last Checked: Oct 24 at 1:36PM
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 Lee & Associates | Suburban Philadelphia
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Investment Insights
Based on property information with market context.
This 19,500 square foot warehouse is situated on 2.37 acres. The property features approximately 5,000 square feet of office space and an 18-foot ceiling height. It includes four drive-in doors and parking for seven cars, plus street parking. The zoning is I2 – Medium Industrial. The property offers outdoor storage, is expandable, and has access to abundant labor. It is located 2.2 miles from Route 1, 6.5 miles from I-276, and 6.7 miles from I-95.
Key Highlights
- 19,500 SF Warehouse on 2.37 Acres
- Excellent Location: Close to Route 1, I‑276, and I‑95
- I2 – Medium Industrial Zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,457
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,989,140
$4.0M
Cap Rate 7%
$2,849,386
$2.8M
Cap Rate 9%
$2,216,189
$2.2M
Market Conditions
NOI Build-Up for 19,500 SF
Gross rent
$255.1K $13.08/SF
− Vacancy
−$20.4K −$1.05/SF
EGI
$234.7K $12.03/SF
− OpEx
−$35.2K −$1.81/SF
NOI
$199.5K $10.23/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,989,140
Cap Rate 7%
$2,849,386
Cap Rate 9%
$2,216,189
Alternative Uses
Best Use
Warehouse
$2.85M
$2.49M – $3.32M
NOI $199,457 @ 7.0% cap · market cap 3.99%
Second Best
Industrial
$2.05M
$1.79M – $2.39M
NOI $143,161 @ 7.0% cap · market cap 2.86%
Theoretical Best
Multifamily LT 5
$4.75M
$4.16M – $5.55M
NOI $332,765 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 19116, PA
35,610
Population
14,166
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,848
Density / Sq Mi
$67,558
Median Household Income
$43,817
Median Earnings
$1,214
Median Rent
$321,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Philadelphia, PA
Similar Off Market Nearby
- Pine Valley Storage — 225 Geiger Rd, Philadelphia, PA 19115
- Cannonball Storage — 33 Tomlinson Rd, Huntingdon Valley, PA 19006
- Franks Self Storage Facility — 3010 Franks Rd, Huntingdon Valley, PA 19006
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with outdoor storage, expandable, abundant labor, and convenient location.
Where is this warehouse located?
The property is located at 10096 Sandmeyer Lane Philadelphia, PA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 19,500 SF Warehouse on 2.37 Acres; Excellent Location: Close to Route 1, I‑276, and I‑95; I2 – Medium Industrial Zoning
