Second-Floor Office
3311 Agate St Philadelphia, PA 19134
For Sale
Contact for pricing
Private second-floor office includes a full kitchen, three bathrooms, and an ADA-compliant layout with sprinkler system.
Property Size8,736 SF
Lot Size32.00 Acres
Price / SF$211.77
Days on Market1150
Property Features for 3311 Agate St
General Information
Standard status
Active
Size
8,736 SF
Lot size
32.00 Acres
Property subtype
OFFICE
Listing Agency:
Binswanger - Corporate
(215) 448-6053
Listed By:
Chris Pennington
(215) 448-6053
Source:
Moodyscre
Added: Jun 7, 2023
Changed: Jul 27
Last Checked: Jul 29 at 12:07PM
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
Investment Insights
Based on property information with market context.
The property features private second-floor office space designed for functional day-to-day operations. The suite includes a full kitchen, three bathrooms, an ADA-compliant configuration, and is supported by a sprinkler system.
The offering includes an expandable parking lot with fenced, secured parking. It is located in the Port Richmond neighborhood of Philadelphia, with access to Center City Philadelphia, New Jersey, and surrounding Philadelphia suburbs via nearby Interstate 95.
This is an office-focused asset within the ICMX industrial commercial mixed-use designation for the City of Philadelphia.
The offering includes an expandable parking lot with fenced, secured parking. It is located in the Port Richmond neighborhood of Philadelphia, with access to Center City Philadelphia, New Jersey, and surrounding Philadelphia suburbs via nearby Interstate 95.
This is an office-focused asset within the ICMX industrial commercial mixed-use designation for the City of Philadelphia.
Key Highlights
- 8,736 SF on 32 acres in the Port Richmond neighborhood of Philadelphia
- Private second‑floor office with a full kitchen and 3 bathrooms
- ADA‑compliant layout with sprinkler system
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
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
NOI $149,079 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Private second-floor office includes a full kitchen, three bathrooms, and an ADA-compliant layout with sprinkler system.
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: 8,736 SF on 32 acres in the Port Richmond neighborhood of Philadelphia; Private second‑floor office with a full kitchen and 3 bathrooms; ADA‑compliant layout with sprinkler system
