Masonry Warehouse
For Sale
$1,425,000
202 CECIL B MOORE AVENUE, Philadelphia, PA 19122
Three-property industrial assemblage with warehouse space, a drive-in door, loading dock, and CMX2 zoning.
Property Size4,140 SF
Price / SF$344.20
Days on Market122
Property Features for 202 CECIL B MOORE AVENUE
General Information
Standard status
Active
Size
4,140 SF
Property subtype
Industrial
Zoning
CMX2
Warehouse & Industrial
Warehouse Space
4,140 SF
Dock-High Doors
1
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$2,645
Building Details
Building Size
4,140 SF
Year Built
1935
Buildings
3
Construction
masonry
Listing Agency:
Better Homes and Gardens Real Estate - Maturo PA
(267) 423-1562
Listed By:
Hala Abusaed · License #RS288097
(267) 423-1562
Source:
Patmckennarealtors
Added: Apr 13
Changed: Aug 8
Last Checked: Aug 12 at 3:33PM
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 Better Homes and Gardens Real Estate - Maturo PA
Investment Insights
Based on property information with market context.
This warehouse portfolio comprises the primary property at 202-08 Cecil B. Moore Ave. and additional commercial/industrial properties at 1647 and 1649 N. Phillip Street. Together, the buildings provide approximately 4,140 square feet of functional warehouse space. The improvements are masonry constructed and date to 1935.
Operational features include a drive-in door and one loading dock for equipment and goods handling. The properties are zoned CMX2, supporting the documented commercial and industrial character of the assemblage. The portfolio is located in Philadelphia, PA 19122.
Operational features include a drive-in door and one loading dock for equipment and goods handling. The properties are zoned CMX2, supporting the documented commercial and industrial character of the assemblage. The portfolio is located in Philadelphia, PA 19122.
Key Highlights
- Approximately 4,140 square feet of combined warehouse space
- Three‑property assemblage at 202‑08 Cecil B. Moore Ave., 1647 and 1649 N. Phillip Street
- Drive‑in door and one loading dock
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
$43,594
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
3.06%
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%
$871,880
$871.9K
Cap Rate 7%
$622,771
$622.8K
Cap Rate 9%
$484,378
$484.4K
Market Conditions
NOI Build-Up for 4,140 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
$74.5K $18.00/SF
− Vacancy
−$7.5K −$1.80/SF
EGI
$67.1K $16.20/SF
− OpEx
−$23.5K −$5.67/SF
NOI
$43.6K $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 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%
$871,880
Cap Rate 7%
$622,771
Cap Rate 9%
$484,378
Alternative Uses
Best Use
Flex RnD
$622.8K
$544.9K – $726.6K
NOI $43,594 @ 7.0% cap · market cap 3.06%
Second Best
Warehouse
$604.9K
$529.3K – $705.8K
NOI $42,346 @ 7.0% cap · market cap 2.97%
Theoretical Best
Multifamily LT 5
$1.01M
$883.1K – $1.18M
NOI $70,649 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
3,043
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 - Three-property industrial assemblage with warehouse space, a drive-in door, loading dock, and CMX2 zoning.
Where is this warehouse located?
The property is located at 202 CECIL B MOORE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Approximately 4,140 square feet of combined warehouse space; Three‑property assemblage at 202‑08 Cecil B. Moore Ave., 1647 and 1649 N. Phillip Street; Drive‑in door and one loading dock
