Creative
New
For Sale
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4116 KENSINGTON AVENUE, Philadelphia, PA 19124
The property is identified for studio, office, retail, and other commercial uses, with on-street parking nearby.
Property Size1,600 SF
Price / SF$0.94
Days on Market6
Property Features for 4116 KENSINGTON AVENUE
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Commercial
Site & Location
Neighborhood
Kensington
Building Details
Year Built
1944
Listing Agency:
RE/MAX Access
(215) 400-2600
Listed By:
Dorothea J Neverson · License #RS298947
(267) 241-9575
Source:
Cummingsrealtors
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 5:55AM
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 RE/MAX Access
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,600-square-foot commercial space was built in 1944. Potential uses identified for the property include a dance studio, artist workspace, business office, or retail operation.
On-street parking is available nearby.
On-street parking is available nearby.
Key Highlights
- 1,600 square feet of commercial space
- Built in 1944
- Nearby on‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,348
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,960
$607.0K
Cap Rate 7%
$433,543
$433.5K
Cap Rate 9%
$337,200
$337.2K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$45.3K $28.32/SF
− Vacancy
−$4.8K −$3.03/SF
EGI
$40.5K $25.29/SF
− OpEx
−$10.1K −$6.32/SF
NOI
$30.3K $18.97/SF
Area
ZIP 19124
Vacancy
10.70%
Lease Rate
$28.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$606,960
Cap Rate 7%
$433,543
Cap Rate 9%
$337,200
Alternative Uses
Best Use
Office B
$433.5K
$379.4K – $505.8K
NOI $30,348 @ 7.0% cap · market cap 2,023.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$920.3K
$805.3K – $1.07M
NOI $64,424 @ 7.0% cap · market cap 4,294.93%
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
Location Intelligence
Trade Area within ½ mile
1,500
Businesses Nearby
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Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
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?
Creative space - The property is identified for studio, office, retail, and other commercial uses, with on-street parking nearby.
Where is this creative space located?
The property is located at 4116 KENSINGTON AVENUE Philadelphia, PA.
What are key features of this property?
This property features: 1,600 square feet of commercial space; Built in 1944; Nearby on‑street parking
