Industrial Warehouse with
For Sale
Contact for pricing
454-460 N 12TH STREET 2 FL, Philadelphia, PA 19123
First-floor industrial space includes multiple work zones, a reception/private office area, and two loading areas with drive-through access.
Property Size5,000 SF
Price / SF$0.80
Days on Market92
Property Features for 454-460 N 12TH STREET 2 FL
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Building Details
Year Built
1930
Listing Agency:
Canaan Realty Services INC
(215) 333-1826
Listed By:
Jeffrey Y Mai · License #RS338220
(267) 226-6082
Source:
Cummingsrealtors
Added: Jul 21
Changed: Oct 19
Last Checked: Oct 19 at 9:37AM
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 Canaan Realty Services INC
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Investment Insights
Based on property information with market context.
This spacious first-floor commercial/industrial property offers a flexible layout with multiple work sections designed to support simultaneous production, assembly, storage, or operational activities. The space includes a private office and reception area, and it is equipped with two loading areas, including a drive-through loading dock to support efficient shipping and receiving.
The property is positioned along 12th Street and is currently occupied by a metal fabrication and machine shop. The existing configuration and high-capacity loading and unloading access make it well suited for manufacturing, warehousing, distribution, fabrication, assembly, or other industrial and commercial uses.
With its functional division of work zones and practical loading setup, the space can accommodate a range of industrial workflows while maintaining separation between different areas of operation.
The property is positioned along 12th Street and is currently occupied by a metal fabrication and machine shop. The existing configuration and high-capacity loading and unloading access make it well suited for manufacturing, warehousing, distribution, fabrication, assembly, or other industrial and commercial uses.
With its functional division of work zones and practical loading setup, the space can accommodate a range of industrial workflows while maintaining separation between different areas of operation.
Key Highlights
- Year built 1930; first‑floor commercial/industrial space with 5,000+ SF
- Two loading areas, including a drive‑through loading dock for shipping and receiving
- Flexible interior layout with multiple work sections for simultaneous production, storage, or operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,708
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,160
$734.2K
Cap Rate 7%
$524,400
$524.4K
Cap Rate 9%
$407,867
$407.9K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$57.0K $11.40/SF
− Vacancy
−$4.6K −$0.91/SF
EGI
$52.4K $10.49/SF
− OpEx
−$15.7K −$3.15/SF
NOI
$36.7K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$734,160
Cap Rate 7%
$524,400
Cap Rate 9%
$407,867
Alternative Uses
Best Use
Warehouse
$730.6K
$639.3K – $852.4K
NOI $51,143 @ 7.0% cap · market cap 1,278.58%
Second Best
Industrial
$524.4K
$458.9K – $611.8K
NOI $36,708 @ 7.0% cap · market cap 917.70%
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 2,133.10%
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
11,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Manufacturing property - First-floor industrial space includes multiple work zones, a reception/private office area, and two loading areas with drive-through access.
Where is this manufacturing property located?
The property is located at 454-460 N 12TH STREET 2 FL Philadelphia, PA.
What are key features of this property?
This property features: Year built 1930; first‑floor commercial/industrial space with 5,000+ SF; Two loading areas, including a drive‑through loading dock for shipping and receiving; Flexible interior layout with multiple work sections for simultaneous production, storage, or operations
