3928 N OLD YORK ROAD, Philadelphia, PA 19140

Building Details

Building Size 4,000 SF More

Year Built 1937 More

Listing Agency: Legal Real Estate LLC

Listed By: Daniel G Loza · License #RM422588 Show Phone

Source: Desantis-realestate

Added: Jul 14 Changed: Nov 7 Last Checked: Nov 7 at 3:08PM

Report an Issue

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 Legal Real Estate LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This Philadelphia property comprises multiple structures with a varied mix of commercial and residential space. The layout includes office, warehouse, and workshop areas, along with a separate paint shop, an apartment, and storage units. The property dates to 1937 and carries I-2 industrial zoning.

Situated in the Hunting Park area, the property is offered in its current condition. Equipment and the business name are excluded from the real estate sale unless separately negotiated. Any intended use is subject to applicable zoning, licensing, and approval requirements.

Key Highlights

• Multiple structures include office, warehouse, and workshop areas
• Separate paint shop, apartment, and storage units
• I‑2 industrial zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$47,520

Cap Rate

6.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$950,400 $950.4K

Cap Rate 7%

$678,857 $678.9K

Cap Rate 9%

$528,000 $528.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$86.4K $21.60/SF

− Vacancy

−$10.4K −$2.59/SF

EGI

$76.0K $19.01/SF

− OpEx

−$28.5K −$7.13/SF

NOI

$47.5K $11.88/SF

Area

Philadelphia, PA

Vacancy

12.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$950,400

Cap Rate 7%

$678,857

Cap Rate 9%

$528,000

Alternative Uses

Best Use

Mixed Use

$678.9K

$594.0K – $792.0K (±1% cap)

NOI $47,520 @ 7.0% cap · market cap 6.34%

Second Best

Warehouse

$584.5K

$511.4K – $681.9K (±1% cap)

NOI $40,914 @ 7.0% cap · market cap 5.46%

Theoretical Best

Multifamily LT 5

$975.1K

$853.3K – $1.14M (±1% cap)

NOI $68,260 @ 7.0% cap · market cap 9.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

WesWorld Fabrication Inc. Factory Tri State Ground ... General Contractor

Suggested Use

Top Pick Real Estate Agency Law Firm Gym & Fitness Center Electrical Service Computer & Electronic Repair Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,120

Businesses Nearby

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

Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA

$234 Jul

$225 Aug

$209 Sep

$208 Oct

Properties on Market for Mixed-use properties in Philadelphia

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Philadelphia, PA

4.3% 2019

2.3% 2020

1.6% 2021

2.3% 2022

8.4% 2023

9.1% 2024

11.2% 2025

Similar For Sale Nearby

See more

Mixed-Use Building with Retail Space

1402-1404 N 52ND ST, Philadelphia, PA 19131

$715,000

3,994 SF

View details

Mixed-Use Building with Private Deck

1545 W PASSYUNK AVE, Philadelphia, PA 19145

$744,999

3,805 SF

View details

Mixed-Use Building with Garage

2005 S JUNIPER STREET, Philadelphia, PA 19148

$619,900

4,000 SF

View details

Mixed-Use Corner Property with Laundromat

1500 S 6TH Street, Philadelphia, PA 19147

$849,900

3,654 SF

View details

Through-Lot Mixed-Use Building

2617 Frankford Ave, Philadelphia, PA 19125

$900,000

3,720 SF

View details

Mixed-Use Property with Parking

5519 GERMANTOWN Avenue, Philadelphia, PA 19144

$585,000

4,278 SF

View details

Mixed-Use Corner Building

7601 OGONTZ AVENUE, Philadelphia, PA 19150

$880,000

3,600 SF

View details

Four-Unit Mixed-Use Property

1214 S 15th St, Philadelphia, PA 19146

$1,225,000

4,000 SF

View details

Mixed-Use Property with Retail Space

925-27 SPRING GARDEN ST, Philadelphia, PA 19123

$779,000

4,790 SF

View details

Mixed-Use Property with Medical Office

1841 S BROAD STREET, Philadelphia, PA 19148

$1,175,000

3,912 SF

View details

Medical Office Property

7620-24 Ogontz Avenue, Philadelphia, PA 19150

$849,000

4,634 SF

View details

Mixed-Use Building with Commercial Space

4053 MARKET Street, Philadelphia, PA 19104

$890,000

3,524 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Several structures combine office, warehouse, workshop, paint shop, apartment, and storage space under I-2 zoning.

Where is this mixed-use property located?

The property is located at 3928 N OLD YORK ROAD Philadelphia, PA.

What is the asking price?

The asking price for this property is $749,000.

What are key features of this property?

This property features: Multiple structures include office, warehouse, and workshop areas; Separate paint shop, apartment, and storage units; I‑2 industrial zoning