New Warehouse
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2929 KINGSTON STREET, Philadelphia, PA 19134
Open interior space offers a flexible warehouse layout for commercial operations.
Property Size3,100 SF
Price / SF$1.25
Days on Market4
Property Features for 2929 KINGSTON STREET
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Commercial
Building Details
Year Built
2024
Listing Agency:
Keller Williams Realty Wilmington
(302) 299-1100
Listed By:
sAAJAN Patel
(484) 799-6843
Source:
Cummingsrealtors
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:27PM
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 Wilmington
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Investment Insights
Based on property information with market context.
Built in 2024, this warehouse provides 3,100 square feet of open interior space with 13-foot clear height. The unobstructed layout supports a range of warehouse operations and storage needs.
Key Highlights
- 3,100 square feet of open warehouse space
- 13‑foot clear height
- Built in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,709
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,180
$634.2K
Cap Rate 7%
$452,986
$453.0K
Cap Rate 9%
$352,322
$352.3K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$40.5K $13.08/SF
− Vacancy
−$3.2K −$1.05/SF
EGI
$37.3K $12.03/SF
− OpEx
−$5.6K −$1.81/SF
NOI
$31.7K $10.23/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,180
Cap Rate 7%
$452,986
Cap Rate 9%
$352,322
Alternative Uses
Best Use
Warehouse
$453.0K
$396.4K – $528.5K
NOI $31,709 @ 7.0% cap · market cap 818.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$755.7K
$661.3K – $881.7K
NOI $52,901 @ 7.0% cap · market cap 1,365.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Similar Off Market Nearby
- BWC Terminals — 2900 E Allegheny Ave, Philadelphia, PA 19134
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- Nearby Storage Units — 3400 aramingo ave, philadelphia, pa 19134
- Value Storage — 3401 Collins St, Philadelphia, PA 19134
- Dosker Storage Units — 3500 aramingo ave, philadelphia, pa 19134
Frequently Asked Questions
What type of property is this?
Warehouse - Open interior space offers a flexible warehouse layout for commercial operations.
Where is this warehouse located?
The property is located at 2929 KINGSTON STREET Philadelphia, PA.
What are key features of this property?
This property features: 3,100 square feet of open warehouse space; 13‑foot clear height; Built in 2024
