Flex Space with High
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2848 BELGRADE STREET, Philadelphia, PA 19134
Industrial property combines warehouse capacity, upper-level offices, and gated drive access.
Property Size6,200 SF
Price / SF$0.60
Days on Market48
Property Features for 2848 BELGRADE STREET
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Commercial
Site & Location
Neighborhood
Kensington
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1935
Listing Agency:
Keller Williams Realty Group
(610) 792-5900
Listed By:
Eric D Feinberg · License #RS318964
(484) 948-5872
Source:
Cummingsrealtors
Added: Sep 13
Changed: Oct 29
Last Checked: Oct 28 at 8:06AM
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 Keller Williams Realty Group
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Investment Insights
Based on property information with market context.
This flex space contains 6,200 square feet of leasable area, including more than 5,500 square feet designated for warehouse use and at least 500 square feet of upper-level office space. Ceiling heights reach at least 20 feet, and the property includes a large roll-up drive gate. On-site parking can accommodate up to 12 cars, depending on customization.
The property has 40 feet of frontage on Belgrade and Miller Streets and 136 feet on East Auburn Street, providing multiple street-facing access points. Route 95 is conveniently accessible from the site. The property was built in 1935 and is offered with a Triple Net Lease structure, with occupancy beginning January 20th, 2027.
The property has 40 feet of frontage on Belgrade and Miller Streets and 136 feet on East Auburn Street, providing multiple street-facing access points. Route 95 is conveniently accessible from the site. The property was built in 1935 and is offered with a Triple Net Lease structure, with occupancy beginning January 20th, 2027.
Key Highlights
- 6,200 square feet of leasable area
- More than 5,500 square feet of warehouse space
- At least 500 square feet of upper‑level office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,518
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,360
$910.4K
Cap Rate 7%
$650,257
$650.3K
Cap Rate 9%
$505,756
$505.8K
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$70.7K $11.40/SF
− Vacancy
−$5.7K −$0.91/SF
EGI
$65.0K $10.49/SF
− OpEx
−$19.5K −$3.15/SF
NOI
$45.5K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,360
Cap Rate 7%
$650,257
Cap Rate 9%
$505,756
Alternative Uses
Best Use
Flex RnD
$932.7K
$816.1K – $1.09M
NOI $65,286 @ 7.0% cap · market cap 1,764.49%
Second Best
Warehouse
$906.0K
$792.7K – $1.06M
NOI $63,417 @ 7.0% cap · market cap 1,713.97%
Theoretical Best
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,802 @ 7.0% cap · market cap 2,859.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,739
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property combines warehouse capacity, upper-level offices, and gated drive access.
Where is this flex space located?
The property is located at 2848 BELGRADE STREET Philadelphia, PA.
What are key features of this property?
This property features: 6,200 square feet of leasable area; More than 5,500 square feet of warehouse space; At least 500 square feet of upper‑level office space
