Industrial Mixed-Use Zoned
For Sale
Contact for pricing
1801 N American St, Philadelphia, PA 19122
Warehouse property zoned ICMX, allowing a combination of commercial and low-impact industrial uses.
Property Size80,000 SF
Price / SF$162.50
Days on Market57
Property Features for 1801 N American St
General Information
Standard status
Active
Size
80,000 SF
Property subtype
RETAIL
Zoning
ICMX
Listing Agency:
Equity CRE
(484) 531-2250
Listed By:
Steve Jeffries · License #RS311123
Source:
Moodyscre
Added: Jul 7
Changed: Aug 16
Last Checked: Aug 31 at 2:24AM
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 Equity CRE
Investment Insights
Based on property information with market context.
This warehouse property is zoned ICMX, Industrial Commercial Mixed-Use, which allows for a combination of commercial and low-impact industrial uses. The zoning structure is designed to provide flexibility for investors evaluating future redevelopment opportunities and adapting to changing demand.
The property is located under 2 miles from Center City Philadelphia, as well as near Fishtown and Northern Liberties. Access to public transportation is supported by nearby Market-Frankfort Line service, SEPTA Bus Routes 3, and SEPTA Regional Rail.
Demographic information provided includes a population of over 249,881 people within a 2-mile radius and an average household income of $95,567.
The property is located under 2 miles from Center City Philadelphia, as well as near Fishtown and Northern Liberties. Access to public transportation is supported by nearby Market-Frankfort Line service, SEPTA Bus Routes 3, and SEPTA Regional Rail.
Demographic information provided includes a population of over 249,881 people within a 2-mile radius and an average household income of $95,567.
Key Highlights
- Zoned ICMX (Industrial Commercial Mixed‑Use), allowing a combination of commercial and low‑impact industrial uses
- Located under 2 miles from Center City Philadelphia, plus nearby access to Fishtown and Northern Liberties
- Easy transit access near the Market‑Frankford Line, SEPTA Bus Routes 3, and SEPTA Regional Rail
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
$818,285
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
6.29%
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%
$16,365,700
$16.4M
Cap Rate 7%
$11,689,786
$11.7M
Cap Rate 9%
$9,092,056
$9.1M
Market Conditions
NOI Build-Up for 80,000 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
$1.05M $13.08/SF
− Vacancy
−$83.7K −$1.05/SF
EGI
$962.7K $12.03/SF
− OpEx
−$144.4K −$1.81/SF
NOI
$818.3K $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%
$16,365,700
Cap Rate 7%
$11,689,786
Cap Rate 9%
$9,092,056
Alternative Uses
Best Use
Warehouse
$11.69M
$10.23M – $13.64M
NOI $818,285 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$19.50M
$17.06M – $22.75M
NOI $1,365,192 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,419
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
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property zoned ICMX, allowing a combination of commercial and low-impact industrial uses.
Where is this warehouse located?
The property is located at 1801 N American St Philadelphia, PA.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: Zoned ICMX (Industrial Commercial Mixed‑Use), allowing a combination of commercial and low‑impact industrial uses; Located under 2 miles from Center City Philadelphia, plus nearby access to Fishtown and Northern Liberties; Easy transit access near the Market‑Frankford Line, SEPTA Bus Routes 3, and SEPTA Regional Rail
