Flexible Flex Space with Three
For Sale
$639,900
3143-57 JANNEY ST, Philadelphia, PA 19134
Adaptable commercial building configured for retail, manufacturing, warehouse, and service-oriented uses.
Property Size7,433 SF
Price / SF$86.09
Days on Market41
Property Features for 3143-57 JANNEY ST
General Information
Standard status
Active
Size
7,433 SF
Building Details
Buildings
1
Listing Agency:
Keller Williams Real Estate Tri-County
(215) 464-8800
Listed By:
Alia Asanova · License #RS333835
Source:
Opal-realestate
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 29 at 9:22AM
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 Keller Williams Real Estate Tri-County
Investment Insights
Based on property information with market context.
This 7,433-square-foot flex property provides an adaptable commercial setting with three full bathrooms. The building can accommodate a range of operating concepts, including manufacturing, warehouse, general retail, professional services, a health club, salon and spa, school, veterinary or kennel operations, banquet use, and club or bar space.
Its flexible format supports businesses seeking more than a conventional single-purpose layout while retaining practical commercial functionality. The property is located at 3143-57 Janney Street in Philadelphia, Pennsylvania.
Its flexible format supports businesses seeking more than a conventional single-purpose layout while retaining practical commercial functionality. The property is located at 3143-57 Janney Street in Philadelphia, Pennsylvania.
Key Highlights
- 7,433‑square‑foot flex property
- Three full bathrooms
- Supports manufacturing and warehouse operations
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
$54,570
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
8.53%
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%
$1,091,400
$1.1M
Cap Rate 7%
$779,571
$779.6K
Cap Rate 9%
$606,333
$606.3K
Market Conditions
NOI Build-Up for 7,433 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
$84.7K $11.40/SF
− Vacancy
−$6.8K −$0.91/SF
EGI
$78.0K $10.49/SF
− OpEx
−$23.4K −$3.15/SF
NOI
$54.6K $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%
$1,091,400
Cap Rate 7%
$779,571
Cap Rate 9%
$606,333
Alternative Uses
Best Use
Flex RnD
$1.12M
$978.4K – $1.30M
NOI $78,269 @ 7.0% cap · market cap 12.23%
Second Best
Warehouse
$1.09M
$950.4K – $1.27M
NOI $76,029 @ 7.0% cap · market cap 11.88%
Theoretical Best
Multifamily LT 5
$1.81M
$1.59M – $2.11M
NOI $126,843 @ 7.0% cap · market cap 19.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,351
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
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?
Flex space - Adaptable commercial building configured for retail, manufacturing, warehouse, and service-oriented uses.
Where is this flex space located?
The property is located at 3143-57 JANNEY ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: 7,433‑square‑foot flex property; Three full bathrooms; Supports manufacturing and warehouse operations
