1807 N 2ND ST, Philadelphia, PA 19122

Building Details

Stories 1 More

Building Size 1,600 SF More

Listing Agency: Keller Williams Main Line Show Phone

Listed By: Jon M O'Shea · License #AB069634 Show Phone

Source: Davidyungmann.myrealestateplatform

Added: Oct 26 Changed: Nov 7 Last Checked: Nov 7 at 4:24PM

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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 Main Line

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,600-square-foot, single-story warehouse has an open interior, high ceilings, and a drive-in overhead door. The property is zoned ICMX, with uses identified in the listing that include auto-related businesses, salon or spa, retail, storage, and parking.

The property is on N 2nd Street in Philadelphia’s Fishtown/Olde Kensington corridor, amid new residential and mixed-use development.

Key Highlights

• 1,600‑square‑foot, single‑story warehouse
• Open layout with high ceilings
• Drive‑in overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,366

Cap Rate

3.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$327,320 $327.3K

Cap Rate 7%

$233,800 $233.8K

Cap Rate 9%

$181,844 $181.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$20.9K $13.08/SF

− Vacancy

−$1.7K −$1.05/SF

EGI

$19.3K $12.03/SF

− OpEx

−$2.9K −$1.81/SF

NOI

$16.4K $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 Rate 5%

$327,320

Cap Rate 7%

$233,800

Cap Rate 9%

$181,844

Alternative Uses

Best Use

Warehouse

$233.8K

$204.6K – $272.8K (±1% cap)

NOI $16,366 @ 7.0% cap · market cap 3.18%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$390.1K

$341.3K – $455.1K (±1% cap)

NOI $27,304 @ 7.0% cap · market cap 5.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Philly 2 Stroke Auto Repair Shop

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Travel Agency Tanning Salon Clothing & Fashion Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

2,146

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

Average Price Trend$/SF for Warehouses in Philadelphia, PA

$205 Jul

$152 Aug

$154 Sep

$140 Oct

Properties on Market for Warehouses in Philadelphia

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Philadelphia, PA

4.3% 2019

2.3% 2020

1.6% 2021

2.3% 2022

8.4% 2023

9.1% 2024

11.2% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - ICMX zoning supports auto-related, salon/spa, retail, storage, and parking uses.

Where is this warehouse located?

The property is located at 1807 N 2ND ST Philadelphia, PA.

What is the asking price?

The asking price for this property is $515,000.

What are key features of this property?

This property features: 1,600‑square‑foot, single‑story warehouse; Open layout with high ceilings; Drive‑in overhead door