Flex Space with Drive-In
4116 KENSINGTON AVENUE FIRST FLOOR, Philadelphia, PA 19124
For Sale
New
Contact for pricing
The first-floor suite includes a large entrance for vehicle access.
Property Size1,600 SF
Price / SF$1.25
Days on Market3
Property Features for 4116 KENSINGTON AVENUE FIRST FLOOR
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
large drive in entrance
Building Details
Year Built
Listing Agency:
RE/MAX Access
(215) 400-2600
Listed By:
Dorothea J Neverson · License PA RS298947
(267) 241-9575
Source:
Cummingsrealtors
Added: Nov 8
Changed: Nov 10
Last Checked: Nov 10 at 2:28PM
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
Ask AI about this property
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 flex space occupies the first floor and features a large drive-in entrance. The property was built in 1944.
Located at 4116 Kensington Avenue in Philadelphia, the space has nearby on-street parking.
Located at 4116 Kensington Avenue in Philadelphia, the space has nearby on-street parking.
Key Highlights
- 1,600 square feet of first‑floor flex space
- Large drive‑in entrance
- Built in 1944
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,908
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,160
$218.2K
Cap Rate 7%
$155,829
$155.8K
Cap Rate 9%
$121,200
$121.2K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$18.2K $11.40/SF
− Vacancy
−$1.5K −$0.91/SF
EGI
$16.8K $10.49/SF
− OpEx
−$5.9K −$3.67/SF
NOI
$10.9K $6.82/SF
Area
ZIP 19124
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,160
Cap Rate 7%
$155,829
Cap Rate 9%
$121,200
Alternative Uses
Best Use
Retail
$859.0K
$751.6K – $1.00M
NOI $60,129 @ 7.0% cap
Second Best
Industrial
$167.8K
$146.8K – $195.8K
NOI $11,747 @ 7.0% cap
Theoretical Best
Specialty Retail
$920.3K
$805.3K – $1.07M
NOI $64,424 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,500
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
$155,000
Median Home Value
Market
Average Price Trend$/SF for Flex space in Philadelphia, PA
Properties on Market for Flex space in Philadelphia
Vacancy Rate% for Industrial in Philadelphia, PA
Similar Off Market Nearby
- Valentine Eatz LLC — 2367 Duncan St, Philadelphia, PA 19124
- La Llamita Vegana — 4500 Worth St Suite A303, Philadelphia, PA 19124
- Woodbury catering — 215, Philadelphia, PA 19124
Frequently Asked Questions
What type of property is this?
Flex space - The first-floor suite includes a large entrance for vehicle access.
Where is this flex space located?
The property is located at 4116 KENSINGTON AVENUE FIRST FLOOR Philadelphia, PA.
What are key features of this property?
This property features: 1,600 square feet of first‑floor flex space; Large drive‑in entrance; Built in 1944
