Small-Bay Industrial Warehouse
For Sale
$599,000
4220 4220-4224 Holmesburg Ave, Philadelphia, PA 19136
Fully leased warehouse property with drive-in access, on-site parking, flexible bay configuration, and ICMX zoning.
Property Size4,752 SF
Price / SF$119.80
Days on Market83
Property Features for 4220 4220-4224 Holmesburg Ave
General Information
Standard status
Active
Size
4,752 SF
Total Parking Spaces
15
Zoning
ICMX
Occupancy
100%
Net Operating Income
$44,000
Financials
Cap Rate
7.3%
Gross Income
$54,000
Warehouse & Industrial
Warehouse Space
4,452 SF
Office Build-Out
300 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1925
Building Size
4,752 SF
Tenancy
Multi
Listing Agency:
Century 21 Advantage Gold-Southampton
Listed By:
Connery Koski · License #AB069215
(215) 954-4414
Source:
Upgradebymichaud
Added: Aug 1
Changed: Oct 3
Last Checked: Oct 21 at 12:29AM
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 Century 21 Advantage Gold-Southampton
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Investment Insights
Based on property information with market context.
This 1925-built warehouse property includes three drive-in bays measuring 80 x 21 feet, 80 x 21 feet, and 52 x 21 feet, plus a 300-square-foot office. One bay includes a bathroom, and the property has new garage doors. The 52-foot bay is connected to an 80-foot bay but has its own garage door and can be separated into an independent unit. A 15-car parking lot provides on-site parking.
The property is fully leased to two tenants. One 80-foot bay is subject to a two-year lease, while the remaining bay and office area are leased under a separate two-year term. Tenants pay electric and water expenses. ICMX zoning allows commercial and light industrial applications identified in the source, including contractor space, warehouse and distribution, storage, and auto-related operations.
The site is located just off Frankford Avenue with access to I-95 and proximity to Cottman Avenue, Route 1, public transportation, and South Jersey bridges. The stated cap rate is 7.3%.
The property is fully leased to two tenants. One 80-foot bay is subject to a two-year lease, while the remaining bay and office area are leased under a separate two-year term. Tenants pay electric and water expenses. ICMX zoning allows commercial and light industrial applications identified in the source, including contractor space, warehouse and distribution, storage, and auto-related operations.
The site is located just off Frankford Avenue with access to I-95 and proximity to Cottman Avenue, Route 1, public transportation, and South Jersey bridges. The stated cap rate is 7.3%.
Key Highlights
- Fully leased to two tenants under two‑year lease terms
- Three drive‑in bays measuring 80 x 21 feet, 80 x 21 feet, and 52 x 21 feet
- 300‑square‑foot office plus a bay with bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,143
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,860
$1.0M
Cap Rate 7%
$730,614
$730.6K
Cap Rate 9%
$568,256
$568.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$65.4K $13.08/SF
− Vacancy
−$5.2K −$1.05/SF
EGI
$60.2K $12.03/SF
− OpEx
−$9.0K −$1.81/SF
NOI
$51.1K $10.23/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,860
Cap Rate 7%
$730,614
Cap Rate 9%
$568,256
Alternative Uses
Best Use
Warehouse
$730.6K
$639.3K – $852.4K
NOI $51,143 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
948
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 19136, PA
39,151
Population
13,841
Households
2.8
Avg Household Size
36
Median Age
24%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,156
Density / Sq Mi
$65,499
Median Household Income
$40,495
Median Earnings
$1,200
Median Rent
$215,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased warehouse property with drive-in access, on-site parking, flexible bay configuration, and ICMX zoning.
Where is this warehouse located?
The property is located at 4220 4220-4224 Holmesburg Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Fully leased to two tenants under two‑year lease terms; Three drive‑in bays measuring 80 x 21 feet, 80 x 21 feet, and 52 x 21 feet; 300‑square‑foot office plus a bay with bathroom
