Philadelphia Industrial Property for
For Sale
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919 S 53rd St, Philadelphia, PA
Industrial property in Philadelphia, PA, with ultra-dense demographics.
Property Size15,348 SF
Lot Size0.45 Acres
Price / SF$195.47
Days on Market536
Property Features for 919 S 53rd St
General Information
Standard status
Active
Size
15,348 SF
Lot size
0.45 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Legacy Real Estate Advisors
(248) 450-3257
Listed By:
Dominic Shamany · License ##6506047766
(248) 450-3259
Source:
Moodyscre
Added: Apr 2, 2025
Changed: Sep 4
Last Checked: Sep 18 at 11:01AM
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 Legacy Real Estate Advisors
Investment Insights
Based on property information with market context.
This industrial property is located in Philadelphia, PA, part of the Philadelphia MSA, which is ranked #8 in the U.S.A. The property benefits from ultra-dense demographics, with over 413,000 people residing within a 3-mile radius. It is approximately a 17-minute drive to Philadelphia International Airport and is in close proximity to Downtown Philadelphia, the University & Hospital of Pennsylvania, the Philadelphia Museum of Art, Barnes Foundation, and the Franklin Institute. The property encompasses 15,348 square feet.
Key Highlights
- Located in Philadelphia, PA - a Top 10 MSA (#8) in the U.S.A.
- Ultra Dense Demographics - over 413,000 people reside within 3 mile radius.
- 17 minute drive to Philadelphia International Airport.
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
$112,679
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
3.76%
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%
$2,253,580
$2.3M
Cap Rate 7%
$1,609,700
$1.6M
Cap Rate 9%
$1,251,989
$1.3M
Market Conditions
NOI Build-Up for 15,348 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
$175.0K $11.40/SF
− Vacancy
−$14.0K −$0.91/SF
EGI
$161.0K $10.49/SF
− OpEx
−$48.3K −$3.15/SF
NOI
$112.7K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /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%
$2,253,580
Cap Rate 7%
$1,609,700
Cap Rate 9%
$1,251,989
Alternative Uses
Best Use
Industrial
$1.61M
$1.41M – $1.88M
NOI $112,679 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.74M
$3.27M – $4.37M
NOI $261,912 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,754
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property in Philadelphia, PA, with ultra-dense demographics.
Where is this industrial property located?
The property is located at 919 S 53rd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Located in Philadelphia, PA - a Top 10 MSA (#8) in the U.S.A.; Ultra Dense Demographics - over 413,000 people reside within 3 mile radius.; 17 minute drive to Philadelphia International Airport.
