Corner Office Unit with
2655 S WARNOCK STREET, Philadelphia, PA 19148
For Sale
Contact for pricing
CMX-1 zoning, an open layout and a rear bathroom serve the property’s current office use.
Property Size1,000 SF
Price / SF$2.00
Days on Market8
Property Features for 2655 S WARNOCK STREET
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Corner Location
Road Access
Additional Details
Currently Operating
Property Use
Building Details
Year Built
Listing Agency:
GE21 Realty
(267) 321-9561
Listed By:
Xia Zhao · License PA AB067107
(267) 210-8523
Source:
Cummingsrealtors
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 12 at 7:47AM
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 GE21 Realty
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Investment Insights
Based on property information with market context.
This 1,000-square-foot office unit has an open interior, windows on two sides and a full bathroom at the rear. A basement with a street-level exit provides loading access and storage space. The property was built in 1925 and is currently used as an office.
The corner property is located at S. Warnock Street and Oregon Avenue, also addressed as 1017 W. Oregon Avenue, in Philadelphia. It is zoned CMX-1.
The corner property is located at S. Warnock Street and Oregon Avenue, also addressed as 1017 W. Oregon Avenue, in Philadelphia. It is zoned CMX-1.
Key Highlights
- 1,000 square feet with an open interior and windows on two sides
- CMX‑1 zoning
- Basement includes a street exit for loading and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,302
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,040
$226.0K
Cap Rate 7%
$161,457
$161.5K
Cap Rate 9%
$125,578
$125.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$1.9K −$1.85/SF
EGI
$16.1K $16.15/SF
− OpEx
−$4.8K −$4.84/SF
NOI
$11.3K $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 Rate 5%
$226,040
Cap Rate 7%
$161,457
Cap Rate 9%
$125,578
Alternative Uses
Best Use
Office B
$188.0K
$164.5K – $219.3K
NOI $13,160 @ 7.0% cap
Second Best
Retail
$161.5K
$141.3K – $188.4K
NOI $11,302 @ 7.0% cap
Theoretical Best
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,065 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,507
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Philadelphia, PA
Properties on Market for Office Units in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office unit - CMX-1 zoning, an open layout and a rear bathroom serve the property’s current office use.
Where is this office unit located?
The property is located at 2655 S WARNOCK STREET Philadelphia, PA.
What are key features of this property?
This property features: 1,000 square feet with an open interior and windows on two sides; CMX‑1 zoning; Basement includes a street exit for loading and storage
