Mixed-Use Industrial Building with
For Sale
$1,050,000
11436 E Luray Street, Philadelphia, PA 19120
The property combines garage, office, event, and storage areas under ICMX zoning.
Property Size12,264 SF
Price / SF$85.62
Days on Market338
Property Features for 11436 E Luray Street
General Information
Standard status
Active
Size
12,264 SF
Property subtype
Commercial
Zoning
ICMX
Lease Term
[]
Additional Details
Sprinkler System
Yes
Building Details
Year Built
1927
Buildings
1
Stories
2
Building Size
12,264 SF
Listing Agency:
Homestarr Realty
Listed By:
Aldo Torres
(267) 575-1325
Source:
Deepcreeklake
Added: Oct 2, 2025
Changed: Sep 3
Last Checked: Sep 2 at 8:02PM
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 Homestarr Realty
Investment Insights
Based on property information with market context.
Built in 1927, this 12,264-square-foot mixed-use property is arranged in three distinct sections. The first includes a large garage and unfinished second-floor space, providing functional room for mechanical, contractor, or light industrial operations. A second section contains a club, bar, and event area, along with seven second-floor offices, two bathrooms, and shared common areas. The third section features an oversized garage currently used for storage.
The property carries ICMX zoning and includes a new roof and new sprinkler system. Its combination of garage, office, event, and storage components creates a flexible physical layout for operating separate functions within one building or leasing individual areas independently.
The property carries ICMX zoning and includes a new roof and new sprinkler system. Its combination of garage, office, event, and storage components creates a flexible physical layout for operating separate functions within one building or leasing individual areas independently.
Key Highlights
- 12,264 square feet arranged across three distinct sections
- ICMX‑zoned mixed‑use industrial and commercial property
- Large garage with unfinished second‑floor space in the first section
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
$94,703
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
9.02%
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%
$1,894,060
$1.9M
Cap Rate 7%
$1,352,900
$1.4M
Cap Rate 9%
$1,052,256
$1.1M
Market Conditions
NOI Build-Up for 12,264 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
$161.9K $13.20/SF
− Vacancy
−$16.2K −$1.32/SF
EGI
$145.7K $11.88/SF
− OpEx
−$51.0K −$4.16/SF
NOI
$94.7K $7.72/SF
Area
ZIP 19120
Vacancy
10.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
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%
$1,894,060
Cap Rate 7%
$1,352,900
Cap Rate 9%
$1,052,256
Alternative Uses
Best Use
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,443 @ 7.0% cap · market cap 11.95%
Second Best
Mixed Use
$1.50M
$1.32M – $1.75M
NOI $105,225 @ 7.0% cap · market cap 10.02%
Theoretical Best
Office A
$2.93M
$2.56M – $3.42M
NOI $205,072 @ 7.0% cap · market cap 19.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines garage, office, event, and storage areas under ICMX zoning.
Where is this mixed-use property located?
The property is located at 11436 E Luray Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 12,264 square feet arranged across three distinct sections; ICMX‑zoned mixed‑use industrial and commercial property; Large garage with unfinished second‑floor space in the first section
