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    Philadelphia Flex Property For Sale Title is generated by Realmo AI

    1400-18 South Front Street, Philadelphia, PA 19147

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    For Sale
    $3,360,000

    Single-tenant flex property in Philadelphia with a strong tenant.

    Type:Industrial
    Property size:
    14,180 SF
    Price / SF:
    $236/SF
    Added:
    Nov 21, 2025
    Days on Market:
    195
    Last Refresh:
    May 19 at 9:01 pm

    Property Features for 1400-18 South Front Street

    General Information

    Standard status
    Active
    Size
    14,180 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1930

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    Listing Contact
    Michael Gorman
    Michael Gorman

    Listing agent Michael Gorman

    Listing office Metro Commercial - PA

    Listing date Nov 21, 2025

    Source Metrocommercial

    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 Metro Commercial - PA

    HighLights

    • NNN lease with Rhubarb Hospitality Collection provides stable, hands‑off income.
    • Strategic location in a densely populated, affluent Philadelphia trade area with high household incomes.
    • Excellent regional connectivity: seconds from I‑95 and within two miles of I‑676 and I‑76.
    • Flex property with warehouse and office space, 16‑foot ceilings, and three loading doors (one drive‑in, two dock‑high).
    • Tenant has operated at this location for over 10 years.
    • Redevelopment in the surrounding area expected to increase population density and demand.

    Overview

    This single-tenant flex property is strategically located in Philadelphia. The property features a predominantly single-story design with a partial second floor, providing additional office and storage space. The tenant, Rhubarb Hospitality Collection (RHC), operates under a triple-net (NNN) lease with over four years of term remaining and 3% annual rental escalations. The tenant has operated within this location for over 10 years. The property has a maximum ceiling height of 16 feet and features three loading doors, including one drive-in door and two dock-high doors. The zoning is classified as I-2, Medium Industrial, with 12% of the flex property being office space and the remainder warehouse space. The property is situated at the corner of Front Street and Reed Street, offering visibility and accessibility within the Pennsport neighborhood. The surrounding area is experiencing redevelopment, with multiple projects underway, including two mixed-use residential developments totaling more than 300 units and a 32,000 square foot LIDL grocery store slated for delivery within two years. The location benefits from regional connectivity, being seconds from I-95 with over 119,200 vehicles per day, and within two miles of I-676 and I-76, providing access to an additional 294,000 daily vehicles. The property size is 14,180 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    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

    • Chef Works — 234 queen st, philadelphia, pa 19147
    • Brûlée Catering — 1406 S Front St, Philadelphia, PA 19147
    • Mike The Cook Catering — Philadelphia, PA 19148
    • Swan Caterers - Waterfall Room — 2015 S Water St, Philadelphia, PA 19148
    • Philly Burrito Company — 947 federal st, philadelphia, pa 19147

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1352
    Latitude
    39.9727

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    FAQs

    What type of property is this?
    Flex space - Single-tenant flex property in Philadelphia with a strong tenant.
    Where is this flex space located?
    The property is located at 1400-18 South Front Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $3,360,000.
    What are key features of this property?
    This property features: NNN lease with Rhubarb Hospitality Collection provides stable, hands‑off income.; Strategic location in a densely populated, affluent Philadelphia trade area with high household incomes.; Excellent regional connectivity: seconds from I‑95 and within two miles of I‑676 and I‑76.
    (917) 842-1899
    We can help!
    Listing Contact
    Michael Gorman
    Michael Gorman
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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.

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