Freestanding Single-Story Retail
For Sale
$1,400,000
2040 NAPFLE AVENUE, Philadelphia, PA 19152
Commercial Sale - PHILADELPHIA, PA
Property Size5,000 SF
Lot Size0.53 Acres
Price / SF$280
Days on Market92
Property Features for 2040 NAPFLE AVENUE
General Information
Property type
Other
Property subtype
Retail
Parking
25
Parking features
Parking Lot
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
5,000 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Annual Amount
8913
Building Details
Year built
1960
Building materials
Brick
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Added: May 13
Changed: Jun 9
Last Checked: Aug 12 at 11:06AM
MLS# PAPH2621228
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property at 2040 Napfle Avenue is a freestanding, single-story commercial building built with at-grade construction. The site sits on a uniquely shaped triangular parcel with frontage on Napfle Avenue and Glendale Avenue, providing multiple access points. At-grade design supports drive-in capability, making the overall layout well-suited for straightforward customer and vehicle access.
The building is positioned at the apex of a five-point intersection in Northeast Philadelphia. It is directly adjacent to a McDonald’s and located just off the area’s primary commercial corridors, which supports strong visibility while avoiding congestion on the main thoroughfares.
This configuration can fit a range of automotive, medical, retail, or service-oriented users that benefit from convenient drive-in access and flexible site handling. With frontage on two streets and multiple entry points, the property supports a variety of operating needs where at-grade customer flow and accessible parking layouts matter.
The building is positioned at the apex of a five-point intersection in Northeast Philadelphia. It is directly adjacent to a McDonald’s and located just off the area’s primary commercial corridors, which supports strong visibility while avoiding congestion on the main thoroughfares.
This configuration can fit a range of automotive, medical, retail, or service-oriented users that benefit from convenient drive-in access and flexible site handling. With frontage on two streets and multiple entry points, the property supports a variety of operating needs where at-grade customer flow and accessible parking layouts matter.
Key Highlights
- Highly visible, freestanding 5,000 SF commercial building.
- Located adjacent to a high‑traffic McDonald's, offering excellent exposure.
- Uniquely shaped triangular parcel with frontage on Napfle and Glendale Avenues.
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
$56,511
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
4.04%
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%
$1,130,220
$1.1M
Cap Rate 7%
$807,300
$807.3K
Cap Rate 9%
$627,900
$627.9K
Market Conditions
NOI Build-Up for 5,000 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
$90.0K $18.00/SF
− Vacancy
−$9.3K −$1.85/SF
EGI
$80.7K $16.15/SF
− OpEx
−$24.2K −$4.84/SF
NOI
$56.5K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,130,220
Cap Rate 7%
$807,300
Cap Rate 9%
$627,900
Alternative Uses
Best Use
Retail
$807.3K
$706.4K – $941.9K
NOI $56,511 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
965
Businesses Nearby
37k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 92%
Home Improvements & Furnishings 4%
Shops & Services 3%
McDonald's
Dining
23,946 visits/mo
0.3 miles
Domino's Pizza
Dining
10,490 visits/mo
0.5 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,675 visits/mo
0.4 miles
Firestone Complete Auto Care
Shops & Services
1,245 visits/mo
0.5 miles
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-story building on a triangular parcel with drive-in access and frontage on two avenues.
Where is this retail space located?
The property is located at 2040 NAPFLE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Highly visible, freestanding 5,000 SF commercial building.; Located adjacent to a high‑traffic McDonald's, offering excellent exposure.; Uniquely shaped triangular parcel with frontage on Napfle and Glendale Avenues.
