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    Port Richmond Office Space Available Title is generated by Realmo AI

    3311 Agate St, Philadelphia, PA

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    8,736 SF office space in Philadelphia's Port Richmond neighborhood.

    Type:OFFICE
    Property size:
    8,736 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $211/SF
    Added:
    Jun 7, 2023
    Days on Market:
    1115
    Last Refresh:
    May 20 at 8:25 pm

    Property Features for 3311 Agate St

    General Information

    Standard status
    Active
    Size
    8,736 SF
    Lot size
    0.14 Acres
    Property subtype
    OFFICE

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    Chris Pennington
    Chris Pennington

    Listing office Binswanger - Corporate

    Listing date Jun 7, 2023

    Source Moodyscre

    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 Binswanger - Corporate

    HighLights

    • 32 acres of land provide ample space.
    • 8,736 sq ft building size.
    • Expandable, fenced, and secured parking lot.
    • ICMX – industrial commercial mixed‑use zoning.
    • Close proximity to Interstate 95.
    • Private second‑floor office space.

    Overview

    This 8,736 square foot office space is situated in the Port Richmond neighborhood of Philadelphia. The property, located in close proximity to Interstate 95, offers convenient access to Center City Philadelphia, New Jersey, and the surrounding Philadelphia suburbs. The property is situated on 32 acres and features an expandable parking lot that offers ample fenced and secured parking. The property includes a private second-floor office space, a full kitchen, and three bathrooms. It is ADA compliant and equipped with a sprinkler system. The property is zoned ICMX – industrial commercial mixed-use by the city of Philadelphia. Taxes are estimated at $12,316 for 2023.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $191.8k $21.96
    − Vacancy −$38.6k −$4.41
    EGI $153.3k $17.55
    − OpEx −$38.3k −$4.39
    NOI $115.0k $13.16
    8,736 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.64M
    $1.44M – $1.92M (±1% cap)
    NOI $114,962 @ 7.0% cap · market cap 6.21%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $2.13M
    $1.86M – $2.48M (±1% cap)
    NOI $149,079 @ 7.0% cap · market cap 8.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1031
    Latitude
    39.9912

    FAQs

    What type of property is this?
    Office units - 8,736 SF office space in Philadelphia's Port Richmond neighborhood.
    Where is this office units located?
    The property is located at 3311 Agate St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: 32 acres of land provide ample space.; 8,736 sq ft building size.; Expandable, fenced, and secured parking lot.
    (215) 448-6053 Call to check price and availability
    More about this property
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