Retail Store with Loading Dock and
For Sale
$990,000
443337 Whitaker Avenue, Philadelphia, PA 19120
Retail building with store and stock room, loading dock, and on-site parking for four cars.
Property Size10,000 SF
Price / SF$99
Days on Market1075
Property Features for 443337 Whitaker Avenue
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
4
Property subtype
Commercial
Lease Term
[]
Additional Details
Gross Income
$86,400
Amenities
loading dock
Building Details
Year Built
1950
Tenancy
Single
Listing Agency:
PK PROPERTY INC.
Listed By:
Peter Han · License #RM422904
(215) 635-5100
Source:
Deepcreeklake
Added: Oct 7, 2023
Changed: Sep 14
Last Checked: Sep 14 at 7:33AM
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 PK PROPERTY INC.
Investment Insights
Based on property information with market context.
Freestanding retail property for sale featuring a store area and stock room. The building includes a loading dock and an on-site parking lot for four cars in front of the building, with an additional lot behind the property of approximately 4,000 SF.
The property is located at 443337 Whitaker Avenue in Philadelphia, PA 19120, and was built in 1950. The tenant operates a wholesale business from the space described as 10,000 SF for the business, with the tenant paying NNN rent and the landlord indicating no responsibility under the arrangement. The tenant is described as having a lease with approximately 12 years remaining.
This setup may appeal to buyers looking for a retail-leased configuration with dedicated operations space, loading access, and defined on-site parking and yard areas.
The property is located at 443337 Whitaker Avenue in Philadelphia, PA 19120, and was built in 1950. The tenant operates a wholesale business from the space described as 10,000 SF for the business, with the tenant paying NNN rent and the landlord indicating no responsibility under the arrangement. The tenant is described as having a lease with approximately 12 years remaining.
This setup may appeal to buyers looking for a retail-leased configuration with dedicated operations space, loading access, and defined on-site parking and yard areas.
Key Highlights
- 10,000 SF for the business with store and stock room
- Tenant pays NNN rent; landlord indicates no responsibility under the arrangement
- Approximately 12 years remaining on the tenant lease
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,897
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,717,940
$1.7M
Cap Rate 7%
$1,227,100
$1.2M
Cap Rate 9%
$954,411
$954.4K
Market Conditions
NOI Build-Up for 10,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$136.8K $13.68/SF
− Vacancy
−$14.1K −$1.41/SF
EGI
$122.7K $12.27/SF
− OpEx
−$36.8K −$3.68/SF
NOI
$85.9K $8.59/SF
Area
ZIP 19120
Vacancy
10.30%
Lease Rate
$13.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,717,940
Cap Rate 7%
$1,227,100
Cap Rate 9%
$954,411
Alternative Uses
Best Use
Retail
$1.23M
$1.07M – $1.43M
NOI $85,897 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,215 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Dollar Tree
Shops & Services
20,969 visits/mo
0.3 miles
Dunkin' Donuts
Dining
10,806 visits/mo
0.3 miles
Dollar General
Shops & Services
5,737 visits/mo
0.2 miles
WSFS Bank
Shops & Services
1,353 visits/mo
0.3 miles
Safeguard Self Storage
Shops & Services
568 visits/mo
0.4 miles
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building with store and stock room, loading dock, and on-site parking for four cars.
Where is this retail space located?
The property is located at 443337 Whitaker Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 10,000 SF for the business with store and stock room; Tenant pays NNN rent; landlord indicates no responsibility under the arrangement; Approximately 12 years remaining on the tenant lease
