Two-Story Flex
1634 N Randolph St, Philadelphia, PA 19122
For Sale
New
$725,000
An upper-level office with a kitchen and conference room complements garage and warehouse space below.
Property Size2,540 SF
Lot Size0.05 Acres
Price / SF$285.43
Days on Market1
Property Features for 1634 N Randolph St
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Road Access
Warehouse & Industrial
Drive-In Doors
Power
Additional Details
Property Use
Amenities
kitchen
bathroom
conference room
desk space
private office
monitored alarm system
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Listed By:
Johnny Craig · License PA RS377920
(215) 459-4051
Source:
Mpnrealty
Added: Nov 12
Last Checked: Nov 12 at 2:40PM
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 Johnny Craig
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Investment Insights
Based on property information with market context.
This two-story flex property at 1634 N Randolph St in Philadelphia contains approximately 2,540 SF on a 20' x 99.5' lot. The upper floor has office space, a kitchen, bathroom, conference room, desk area and a private 14' x 14' office. At ground level, garage and warehouse space is served by a 13' bay opening with a remote-operated door; overhead beams reach 18'. The building dates to 1925 and was renovated in 2022.
Building systems include five electric mini-split units, 200-amp electrical service and a monitored, five-zone alarm. The property has one dedicated parking space and 20' of frontage on N Randolph Street.
Building systems include five electric mini-split units, 200-amp electrical service and a monitored, five-zone alarm. The property has one dedicated parking space and 20' of frontage on N Randolph Street.
Key Highlights
- Approximately 2,540 SF across two stories on a 20' x 99.5' lot
- Ground‑floor garage and warehouse with 18' beams and a 13' bay opening
- Upper‑level office includes a private 14' x 14' room, kitchen and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,746
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,920
$534.9K
Cap Rate 7%
$382,086
$382.1K
Cap Rate 9%
$297,178
$297.2K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$45.7K $18.00/SF
− Vacancy
−$4.6K −$1.80/SF
EGI
$41.1K $16.20/SF
− OpEx
−$14.4K −$5.67/SF
NOI
$26.7K $10.53/SF
Area
Philadelphia, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,920
Cap Rate 7%
$382,086
Cap Rate 9%
$297,178
Alternative Uses
Best Use
Flex RnD
$382.1K
$334.3K – $445.8K
NOI $26,746 @ 7.0% cap · market cap 3.69%
Second Best
Warehouse
$371.2K
$324.8K – $433.0K
NOI $25,981 @ 7.0% cap · market cap 3.58%
Theoretical Best
Multifamily LT 5
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,830
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Philadelphia, PA
Properties on Market for Flex space in Philadelphia
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Flex space - An upper-level office with a kitchen and conference room complements garage and warehouse space below.
Where is this flex space located?
The property is located at 1634 N Randolph St Philadelphia, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Approximately 2,540 SF across two stories on a 20' x 99.5' lot; Ground‑floor garage and warehouse with 18' beams and a 13' bay opening; Upper‑level office includes a private 14' x 14' room, kitchen and conference room
