Industrial Warehouse Flex
For Sale
$1,425,000
20208 Cecil B Moore Avenue, Philadelphia, PA 19122
Masonry warehouse portfolio with a drive-in door and loading dock, offered as a combined CMX2 industrial package.
Property Size4,140 SF
Price / SF$344.20
Days on Market186
Property Features for 20208 Cecil B Moore Avenue
General Information
Standard status
Active
Size
4,140 SF
Property subtype
Commercial
Zoning
CMX2
Lease Term
[]
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Building Details
Year Built
1935
Construction
masonry-constructed
Listing Agency:
Better Homes and Gardens Real Estate - Maturo PA
Listed By:
Hala Abusaed · License #RS288097
(215) 969-8989
Source:
Deepcreeklake
Added: Mar 5
Changed: Sep 6
Last Checked: Sep 7 at 12:06PM
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 industrial portfolio includes the primary warehouse at 202–08 Cecil B. Moore Avenue along with two additional commercial/industrial properties at 1647 and 1649 N. Phillip Street. The masonry-constructed package is configured for practical warehouse and operational use, with a convenient drive-in door and one loading dock to support logistics and equipment handling. Zoned CMX2, the properties are suited to a range of industrial-oriented uses such as professional storage, creative flex space, distribution, or a specialized workshop.
The properties are located in Philadelphia’s 19122 area. The offering benefits from access to major transport routes, positioning the buildings for day-to-day operational needs.
Available for purchase as an owner-user or investment, the package provides multiple addresses within one CMX2 industrial configuration and combines approximately 4,140 square feet of functional warehouse space.
The properties are located in Philadelphia’s 19122 area. The offering benefits from access to major transport routes, positioning the buildings for day-to-day operational needs.
Available for purchase as an owner-user or investment, the package provides multiple addresses within one CMX2 industrial configuration and combines approximately 4,140 square feet of functional warehouse space.
Key Highlights
- Masonry industrial/warehouse portfolio built in 1935 with approximately 4,140 SF total across three properties
- Includes primary property at 202‑08 Cecil B. Moore Ave plus additional properties at 1647 and 1649 N. Phillip Street
- Warehouse layout features a drive‑in door and one loading dock for logistics and equipment handling
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
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
902
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
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Similar Off Market Nearby
- Philly Commissary — 3000 W Sedgley Ave, Philadelphia, PA 19121
- Self-Storage at U-Haul — 2800-30 Ridge Ave, Philadelphia, PA 19121
- Chester County Moving & Storage - Movers & Moving Company — 2332 N 29th St, Philadelphia, PA 19132
Frequently Asked Questions
What type of property is this?
Warehouse - Masonry warehouse portfolio with a drive-in door and loading dock, offered as a combined CMX2 industrial package.
Where is this warehouse located?
The property is located at 20208 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: Masonry industrial/warehouse portfolio built in 1935 with approximately 4,140 SF total across three properties; Includes primary property at 202‑08 Cecil B. Moore Ave plus additional properties at 1647 and 1649 N. Phillip Street; Warehouse layout features a drive‑in door and one loading dock for logistics and equipment handling
