Second-Floor Office
For Sale
Contact for pricing
3311 Agate St, Philadelphia, PA 19134
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 Market1242
Property Features for 3311 Agate St
General Information
Standard status
Active
Size
8,736 SF
Lot size
32.00 Acres
Property subtype
OFFICE
Zoning
ICMX
Site & Location
Neighborhood
Kensington
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Sprinkler System
Yes
Amenities
full kitchen
Listing Agency:
Binswanger - Corporate
(215) 448-6000
Listed By:
Chris Pennington
(215) 448-6053
Source:
Moodyscre
Added: Jun 7, 2023
Changed: Oct 25
Last Checked: Oct 28 at 10:48AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$114,962
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,299,240
$2.3M
Cap Rate 7%
$1,642,314
$1.6M
Cap Rate 9%
$1,277,356
$1.3M
Market Conditions
NOI Build-Up for 8,736 SF
Gross rent
$191.8K $21.96/SF
− Vacancy
−$38.6K −$4.41/SF
EGI
$153.3K $17.55/SF
− OpEx
−$38.3K −$4.39/SF
NOI
$115.0K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,299,240
Cap Rate 7%
$1,642,314
Cap Rate 9%
$1,277,356
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.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,409
Businesses Nearby
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 Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office unit - Private second-floor office includes a full kitchen, three bathrooms, and an ADA-compliant layout with sprinkler system.
Where is this office unit 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
