West Philadelphia Warehouse with
For Sale
Contact for pricing
5300 Lansdowne Ave, Philadelphia, PA
6,681 SF warehouse with four drive-ins on Lansdowne Avenue.
Property Size6,681 SF
Lot Size0.17 Acres
Price / SF$133.96
Days on Market957
Property Features for 5300 Lansdowne Ave
General Information
Standard status
Active
Size
6,681 SF
Lot size
0.17 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Binswanger - Corporate
(215) 448-6000
Listed By:
Jason Ostach · License #1755115
(856) 630-0774
Source:
Moodyscre
Added: Jan 30, 2024
Changed: Aug 15
Last Checked: Sep 13 at 10:09AM
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
Investment Insights
Based on property information with market context.
This 6,681 square foot warehouse is situated on 0.17 acres and features 75 feet of direct frontage on Lansdowne Avenue. The property includes four drive-in doors, with one oversized drive-in located at the rear. An interior loading platform is present within the clear span warehouse area. The property also contains finished office space. The entire roof and structural supports have been recently replaced. Zoned I2 for medium industrial use by the City of Philadelphia, the property is located in the heart of West Philadelphia, offering access to I-76, University City, and Center City Philadelphia. The estimated taxes for 2024 are $2,256.
Key Highlights
- Prime location on highly traveled Lansdowne Avenue with easy access to I‑76, University City, and Center City Philadelphia.
- Recently replaced roof and structural supports, ensuring structural integrity.
- Clear span warehouse area offering flexible space utilization.
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
$68,337
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
7.64%
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%
$1,366,740
$1.4M
Cap Rate 7%
$976,243
$976.2K
Cap Rate 9%
$759,300
$759.3K
Market Conditions
NOI Build-Up for 6,681 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
$87.4K $13.08/SF
− Vacancy
−$7.0K −$1.05/SF
EGI
$80.4K $12.03/SF
− OpEx
−$12.1K −$1.81/SF
NOI
$68.3K $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 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%
$1,366,740
Cap Rate 7%
$976,243
Cap Rate 9%
$759,300
Alternative Uses
Best Use
Warehouse
$976.2K
$854.2K – $1.14M
NOI $68,337 @ 7.0% cap · market cap 7.64%
Second Best
Industrial
$700.7K
$613.1K – $817.5K
NOI $49,049 @ 7.0% cap · market cap 5.48%
Theoretical Best
Multifamily LT 5
$1.63M
$1.43M – $1.90M
NOI $114,011 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Check the figures for this property
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?
Warehouse - 6,681 SF warehouse with four drive-ins on Lansdowne Avenue.
Where is this warehouse located?
The property is located at 5300 Lansdowne Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Prime location on highly traveled Lansdowne Avenue with easy access to I‑76, University City, and Center City Philadelphia.; Recently replaced roof and structural supports, ensuring structural integrity.; Clear span warehouse area offering flexible space utilization.
