Flex Space with Overhead
New
For Sale
Contact for pricing
1908 E WESTMORELAND STREET #1916, Philadelphia, PA 19134
I-2 zoning supports office and light industrial operations.
Property Size150 SF
Price / SF$8
Days on Market5
Property Features for 1908 E WESTMORELAND STREET #1916
General Information
Standard status
Active
Size
150 SF
Property subtype
Commercial
Zoning
I-2
Site & Location
Neighborhood
Kensington
Amenities
High-Efficiency LED Lighting
Power Overhead Doors
Updated bathrooms and office areas
Building Details
Year Built
1930
Year Renovated
2024
Listing Agency:
RE/MAX Preferred - Cherry Hill
(856) 616-2626
Listed By:
ARAFAT FARHAT · License #1974100
(609) 352-5803
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 24
Last Checked: Oct 23 at 5:53PM
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 RE/MAX Preferred - Cherry Hill
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines office areas and updated bathrooms with overhead doors for access to the building. Renovations completed in 2024 refreshed the interior, and LED fixtures provide lighting throughout. The layout accommodates customer-facing office activity alongside light industrial functions.
Located in Philadelphia’s Port Richmond area, the property has on-site parking and access to major roads and transportation routes. Its I-2 zoning supports a range of light and moderate impact industrial activities, including manufacturing, processing, distribution, auto repair, and auto body work.
Located in Philadelphia’s Port Richmond area, the property has on-site parking and access to major roads and transportation routes. Its I-2 zoning supports a range of light and moderate impact industrial activities, including manufacturing, processing, distribution, auto repair, and auto body work.
Key Highlights
- I‑2 zoning allows light and moderate impact industrial uses
- Office areas and bathrooms renovated in 2024
- Overhead doors support building access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,101
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,020
$22.0K
Cap Rate 7%
$15,729
$15.7K
Cap Rate 9%
$12,233
$12.2K
Market Conditions
NOI Build-Up for 150 SF
Gross rent
$1.7K $11.40/SF
− Vacancy
−$137 −$0.91/SF
EGI
$1.6K $10.49/SF
− OpEx
−$472 −$3.15/SF
NOI
$1.1K $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 Rate 5%
$22,020
Cap Rate 7%
$15,729
Cap Rate 9%
$12,233
Alternative Uses
Best Use
Retail
$24.2K
$21.2K – $28.3K
NOI $1,695 @ 7.0% cap · market cap 141.25%
Second Best
Flex RnD
$22.6K
$19.8K – $26.3K
NOI $1,580 @ 7.0% cap · market cap 131.67%
Theoretical Best
Multifamily LT 5
$36.6K
$32.0K – $42.7K
NOI $2,560 @ 7.0% cap · market cap 213.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,731
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
Similar Off Market Nearby
- Creative Foods and Catering Co. — 1940 E Allegheny Ave g01, Philadelphia, PA 19134
- A Touch Of Class Catering — 827 e westmoreland st, philadelphia, pa 19134
- The Pizza Wagon Catering Company ( Food Truck )
Frequently Asked Questions
What type of property is this?
Flex space - I-2 zoning supports office and light industrial operations.
Where is this flex space located?
The property is located at 1908 E WESTMORELAND STREET #1916 Philadelphia, PA.
What are key features of this property?
This property features: I‑2 zoning allows light and moderate impact industrial uses; Office areas and bathrooms renovated in 2024; Overhead doors support building access
