Auto Body Shop with Drive-In
For Sale
$1,200,000
2509 W Fletcher St, Philadelphia, PA 19132
Auto body and light industrial shop with wide drive-in bays, generous ceiling heights, and substantial workshop space.
Property Size8,048 SF
Price / SF$149.11
Days on Market48
Property Features for 2509 W Fletcher St
General Information
Standard status
Active
Size
8,048 SF
Building Details
Year Built
1912
Buildings
1
Listing Agency:
Valor Real Estate, LLC.
Listed By:
Yve S Banks
Source:
Selltheshore
Added: Jul 29
Changed: Sep 8
Last Checked: Sep 13 at 1:09PM
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 Valor Real Estate, LLC.
Investment Insights
Based on property information with market context.
For sale auto body and automotive repair shop / flex industrial building designed for efficient vehicle workflow. The property offers a versatile layout with ample shop space, generous ceiling heights, and wide drive-in bays for straightforward vehicle ingress and egress. The interior configuration supports body work, painting, repairs, and storage, with room for multiple work stations, storage racks, or heavy equipment use.
Located at 2509 W Fletcher Street in Philadelphia, PA 19132, the building was constructed in 1912. It sits in a commercial/industrial corridor oriented toward automotive and service-oriented businesses, supporting visibility and convenient access for operations.
A 3D Matterport tour is available for review.
Located at 2509 W Fletcher Street in Philadelphia, PA 19132, the building was constructed in 1912. It sits in a commercial/industrial corridor oriented toward automotive and service-oriented businesses, supporting visibility and convenient access for operations.
A 3D Matterport tour is available for review.
Key Highlights
- Auto body and automotive repair shop with wide drive‑in bays for easy vehicle access
- 8048 SF industrial/commercial building with ample workshop and storage space
- Generous ceiling heights for body work, painting, repairs, and equipment use
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
$90,960
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
7.58%
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%
$1,819,200
$1.8M
Cap Rate 7%
$1,299,429
$1.3M
Cap Rate 9%
$1,010,667
$1.0M
Market Conditions
NOI Build-Up for 8,048 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
$144.9K $18.00/SF
− Vacancy
−$14.9K −$1.85/SF
EGI
$129.9K $16.15/SF
− OpEx
−$39.0K −$4.84/SF
NOI
$91.0K $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%
$1,819,200
Cap Rate 7%
$1,299,429
Cap Rate 9%
$1,010,667
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $90,960 @ 7.0% cap · market cap 7.58%
Second Best
Flex RnD
$1.21M
$1.06M – $1.41M
NOI $84,745 @ 7.0% cap · market cap 7.06%
Theoretical Best
Multifamily LT 5
$1.96M
$1.72M – $2.29M
NOI $137,338 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,402
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Auto shop - Auto body and light industrial shop with wide drive-in bays, generous ceiling heights, and substantial workshop space.
Where is this auto shop located?
The property is located at 2509 W Fletcher St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Auto body and automotive repair shop with wide drive‑in bays for easy vehicle access; 8048 SF industrial/commercial building with ample workshop and storage space; Generous ceiling heights for body work, painting, repairs, and equipment use
