Mixed-Use Flex Warehouse
For Sale
$609,900
2511-17 Orthodox St, Philadelphia, PA 19137
Fenced industrial complex with a large warehouse, offices, storage garages, workshop, and multiple parking spaces.
Property Size3,600 SF
Price / SF$169.42
Days on Market107
Property Features for 2511-17 Orthodox St
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
9
Zoning
ICMX
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$4,703
Amenities
Forced Air, Natural Gas
On Street
Building Details
Building Size
3,600 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
20/20 Real Estate - Bensalem
Listed By:
Daniel J. Devine · License #RS322417
(267) 975-3107
Source:
Evrealestate
Added: Jul 8
Changed: Oct 14
Last Checked: Oct 20 at 9:22PM
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 20/20 Real Estate - Bensalem
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale industrial/flex property includes multiple income-producing spaces with three active tenants. The setup features a large warehouse, a couple of office spaces, storage garages, and a workshop, all within a fenced-in configuration. Multiple parking spaces support day-to-day operations and tenant access.
The property is located in the Bridesburg neighborhood of Philadelphia and is described as being near major highways and public transportation.
Overall, the layout offers a mix of warehouse and office space alongside enclosed storage and working areas, making it suitable for buyers seeking a multi-component industrial asset.
The property is located in the Bridesburg neighborhood of Philadelphia and is described as being near major highways and public transportation.
Overall, the layout offers a mix of warehouse and office space alongside enclosed storage and working areas, making it suitable for buyers seeking a multi-component industrial asset.
Key Highlights
- Commercial property built in 1950 with a fenced industrial complex
- Currently has three active tenants providing rental income
- Includes a large warehouse plus multiple parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,908
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,160
$758.2K
Cap Rate 7%
$541,543
$541.5K
Cap Rate 9%
$421,200
$421.2K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$64.8K $18.00/SF
− Vacancy
−$6.5K −$1.80/SF
EGI
$58.3K $16.20/SF
− OpEx
−$20.4K −$5.67/SF
NOI
$37.9K $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 Rate 5%
$758,160
Cap Rate 7%
$541,543
Cap Rate 9%
$421,200
Alternative Uses
Best Use
Flex RnD
$541.5K
$473.9K – $631.8K
NOI $37,908 @ 7.0% cap · market cap 6.22%
Second Best
Warehouse
$526.0K
$460.3K – $613.7K
NOI $36,823 @ 7.0% cap · market cap 6.04%
Theoretical Best
Multifamily LT 5
$877.6K
$767.9K – $1.02M
NOI $61,434 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19137, PA
8,682
Population
3,485
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
3,618
Density / Sq Mi
$64,401
Median Household Income
$46,109
Median Earnings
$1,205
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Similar Off Market Nearby
- Sweet Breezy BBQ — 4254 Richmond St, Philadelphia, PA 19137
- Catering By Jeff — 4483 E Allen St, Philadelphia, PA 19137
- Beka's Catering — 4431 Belgrade St, Philadelphia, PA 19137
- Zachary's BBQ Catering — 2551 Orthodox St, Philadelphia, PA 19137
- Beka's Food Service At Polonia Hall — 4431 Belgrade St, Philadelphia, PA 19137
Frequently Asked Questions
What type of property is this?
Flex space - Fenced industrial complex with a large warehouse, offices, storage garages, workshop, and multiple parking spaces.
Where is this flex space located?
The property is located at 2511-17 Orthodox St Philadelphia, PA.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: Commercial property built in 1950 with a fenced industrial complex; Currently has three active tenants providing rental income; Includes a large warehouse plus multiple parking spaces
