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    2838 Trenton Ave Philadelphia, PA

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    33,252 SF industrial space available for lease in Philadelphia.

    Type:INDUSTRIAL
    Property size:
    7,350 SF
    Lot size:
    0.57 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    396
    Last Refresh:
    Apr 5 at 9:54 pm

    Property Features for 2838 Trenton Ave

    General Information

    Standard status
    Active
    Size
    7,350 SF
    Lot size
    0.57 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 2838 Trenton Ave Contact us

    We can help!

    Listing Contact
    Chris Pennington
    Chris Pennington

    Listing agent Chris Pennington

    Listing office Binswanger - Corporate

    Listing date Mar 25, 2025

    Source Moodyscre

    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 Binswanger - Corporate

    Overview

    Philadelphia Industrial Space For Rent

    This 33,252 SF industrial property is available for rent. The first floor offers 25,902 SF, with an additional 7,350 SF on the second floor. A 7,350 SF basement is present but not included in the total square footage. The property is equipped with an alarm system and station for security, as well as a dry fire protection system. HVAC features include a dual heat and AC pump in the warehouse area and heat in the office space. Clear heights measure 12 to 14.25 feet on the first floor and 11.58 feet on the second floor. The roof has a flat to slight slope with bituminous coverings. Loading is facilitated by four dock doors and one drive-in door. Dock door dimensions are 10’ x 10’, 9.75’ x 12’, 8.58’ x 10.58’, and 8.58’ x 10’, while the drive-in door measures 12’ x 10’. The property has frontage on East Williams Street (195’), East Auburn Street (172’), and Trenton Avenue (147’). A freight elevator is available. Located in the Port Richmond neighborhood of Northeast Philadelphia, the site is near I-95. The surrounding area includes a mix of industrial and multifamily properties. Public transportation is accessible via SEPTA’s Somerset Station and 30th Street Station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cramco Distributing Big Box & Wholesale Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Safeguard Self Storage — 3300 Frankford Ave, Philadelphia, PA 19134
    • Nannybag Luggage Storage — 2413 Frankford Ave, Philadelphia, PA 19125
    • Sergeant Storage — 2541 Gaul St, Philadelphia, PA 19125
    • U-Box at U-Haul — 339-341 E Lehigh Ave, Philadelphia, PA 19125
    • Sonny B Moving & Handyman Services — 2441 Ann St, Philadelphia, PA 19134

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1167
    Latitude
    39.9872

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    FAQs

    What type of property is this?
    Warehouse - 33,252 SF industrial space available for lease in Philadelphia.
    Where is this warehouse located?
    The property is located at 2838 Trenton Ave Philadelphia, PA.
    What are key features of this property?
    This property features: Total size of 33,252 SF on 0.56 acres.; Located off I‑95 in the Port Richmond neighborhood of Northeast Philadelphia.; **Loading docks: 4 Dock Doors and 1 Drive‑in.**
    (215) 448-6053 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Pennington
    Chris Pennington
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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