Freestanding Retail
For Sale
$1,400,000
2040 Napfle St, Philadelphia, PA 19152
Single-story layout provides at-grade drive-in access, multiple entry points, and adaptable parking configurations.
Property Size5,000 SF
Price / SF$280
Days on Market94
Property Features for 2040 Napfle St
General Information
Standard status
Active
Size
5,000 SF
Site & Location
Corner Location
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,913
Amenities
drive-in capability
Building Details
Buildings
1
Stories
1
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Source:
Exprealty
Added: May 12
Changed: Aug 12
Last Checked: Aug 12 at 1:40PM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This freestanding retail property comprises a 5,000 SF single-story commercial building on a triangular parcel. At-grade construction supports drive-in access, while multiple entry points allow for flexible circulation and parking arrangements. The physical setup is suited to retail and other service-oriented commercial operations requiring convenient customer or vehicle access.
The property is positioned at a five-point intersection in Northeast Philadelphia, adjacent to a McDonald’s and near the area’s primary commercial corridors. Frontage on two roads contributes to exposure from more than one approach, while the site’s position just off the main thoroughfares provides access without being directly within their heaviest congestion.
The property is positioned at a five-point intersection in Northeast Philadelphia, adjacent to a McDonald’s and near the area’s primary commercial corridors. Frontage on two roads contributes to exposure from more than one approach, while the site’s position just off the main thoroughfares provides access without being directly within their heaviest congestion.
Key Highlights
- 5,000 SF single‑story commercial building
- Triangular parcel with frontage on two roads
- At‑grade construction supports drive‑in access
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
Industrial
$524.4K
$458.9K – $611.8K
NOI $36,708 @ 7.0% cap · market cap 2.62%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,670
Businesses Nearby
665k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 26%
Dining 26%
Superstores 18%
Shops & Services 15%
Target
Superstores
122,938 visits/mo
0.4 miles
Macy's
Apparel
94,896 visits/mo
0.4 miles
Wawa
Shops & Services
57,309 visits/mo
0.3 miles
ACME Markets
Groceries
51,213 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
35,463 visits/mo
0.4 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 layout provides at-grade drive-in access, multiple entry points, and adaptable parking configurations.
Where is this retail space located?
The property is located at 2040 Napfle St 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: 5,000 SF single‑story commercial building; Triangular parcel with frontage on two roads; At‑grade construction supports drive‑in access
