Urban Self-Storage
New
For Sale
$1,200,000
2522-24 W HUNTINGDON ST, Philadelphia, PA 19132
A sizable building occupies a compact parcel in an urban infill setting.
Property Size7,200 SF
Lot Size0.08 Acres
Price / SF$166.67
Days on Market4
Property Features for 2522-24 W HUNTINGDON ST
General Information
Standard status
Active
Size
7,200 SF
Lot size
0.08 Acres
Zoning
residential-commercial
Additional Details
Road Access
Yes
Building Details
Year Built
2012
Buildings
1
Building Size
7,200 SF
Listing Agency:
New Republic Realty
(610) 977-0200
Listed By:
Keave Andrew Slomine · License #RM426275
(610) 314-1816
Source:
Imanirealtors
Added: Sep 24
Last Checked: Sep 26 at 5:39AM
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 New Republic Realty
Investment Insights
Based on property information with market context.
This self-storage facility at 2522-24 W Huntingdon Street includes approximately 7,200 square feet of building area on a roughly 3,600-square-foot lot. The structure was built around 2012.
The property is in Philadelphia’s Strawberry Mansion section. The surrounding area includes residential housing, multifamily properties, and redevelopment activity, with public transit and arterial roadways in the broader area. Temple University is also described as a nearby commercial influence.
The property is in Philadelphia’s Strawberry Mansion section. The surrounding area includes residential housing, multifamily properties, and redevelopment activity, with public transit and arterial roadways in the broader area. Temple University is also described as a nearby commercial influence.
Key Highlights
- Approximately 7,200 square feet of building area
- Roughly 3,600‑square‑foot lot
- Built around 2012
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
$85,536
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
7.13%
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%
$1,710,720
$1.7M
Cap Rate 7%
$1,221,943
$1.2M
Cap Rate 9%
$950,400
$950.4K
Market Conditions
NOI Build-Up for 7,200 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
$155.5K $21.60/SF
− Vacancy
−$18.7K −$2.59/SF
EGI
$136.9K $19.01/SF
− OpEx
−$51.3K −$7.13/SF
NOI
$85.5K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,710,720
Cap Rate 7%
$1,221,943
Cap Rate 9%
$950,400
Alternative Uses
Best Use
Mixed Use
$1.22M
$1.07M – $1.43M
NOI $85,536 @ 7.0% cap · market cap 7.13%
Second Best
Warehouse
$1.05M
$920.6K – $1.23M
NOI $73,646 @ 7.0% cap · market cap 6.14%
Theoretical Best
Multifamily LT 5
$1.76M
$1.54M – $2.05M
NOI $122,867 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,389
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - A sizable building occupies a compact parcel in an urban infill setting.
Where is this self storage facility located?
The property is located at 2522-24 W HUNTINGDON 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: Approximately 7,200 square feet of building area; Roughly 3,600‑square‑foot lot; Built around 2012
