Flex Space with Industrial
New
For Sale
$2,199,000
3227--53 & 3255 N 11TH ST, Philadelphia, PA 19140
Industrial-oriented improvements support storage, production, wholesale, and distribution functions.
Property Size11,700 SF
Lot Size1.30 Acres
Price / SF$187.95
Days on Market2
Property Features for 3227--53 & 3255 N 11TH ST
General Information
Standard status
Active
Size
11,700 SF
Lot size
1.30 Acres
Building Details
Buildings
1
Building Size
11,700 SF
Listing Agency:
EveryHome Realtors
(215) 699-5555
Listed By:
Danielle Mancini
(267) 246-7816
Source:
Careyrealtygroup
Added: Sep 1
Last Checked: Sep 1 at 8:25PM
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 EveryHome Realtors
Investment Insights
Based on property information with market context.
This offering includes a 1.3-acre parcel improved with an 11,700-square-foot building. The property is identified for industrial, storage, manufacturing, wholesale, distribution, and material-storage applications, with redevelopment also noted as a possible direction. Specific uses should be confirmed with the City of Philadelphia.
The property is located at 3227–53 and 3255 N 11th St in Philadelphia, Pennsylvania 19140. It is near Temple University and the intersection of Broad and Allegheny Streets, placing the site within an established Philadelphia urban setting.
The property is located at 3227–53 and 3255 N 11th St in Philadelphia, Pennsylvania 19140. It is near Temple University and the intersection of Broad and Allegheny Streets, placing the site within an established Philadelphia urban setting.
Key Highlights
- 1.3‑acre parcel in Philadelphia
- 11,700‑square‑foot building included
- Identified uses include industrial, storage, manufacturing, wholesale, and distribution
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
$123,201
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
5.60%
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%
$2,464,020
$2.5M
Cap Rate 7%
$1,760,014
$1.8M
Cap Rate 9%
$1,368,900
$1.4M
Market Conditions
NOI Build-Up for 11,700 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
$210.6K $18.00/SF
− Vacancy
−$21.1K −$1.80/SF
EGI
$189.5K $16.20/SF
− OpEx
−$66.3K −$5.67/SF
NOI
$123.2K $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 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%
$2,464,020
Cap Rate 7%
$1,760,014
Cap Rate 9%
$1,368,900
Alternative Uses
Best Use
Flex RnD
$1.76M
$1.54M – $2.05M
NOI $123,201 @ 7.0% cap · market cap 5.60%
Second Best
Warehouse
$1.71M
$1.50M – $1.99M
NOI $119,674 @ 7.0% cap · market cap 5.44%
Theoretical Best
Multifamily LT 5
$2.85M
$2.50M – $3.33M
NOI $199,659 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,724
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial-oriented improvements support storage, production, wholesale, and distribution functions.
Where is this flex space located?
The property is located at 3227--53 & 3255 N 11TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 1.3‑acre parcel in Philadelphia; 11,700‑square‑foot building included; Identified uses include industrial, storage, manufacturing, wholesale, and distribution
