Modern Creative Office
New
For Sale
$2,450,000
4640-46 Umbria Street, Philadelphia, PA 19127
Contemporary loft-style office space with open layouts, natural light, high ceilings, and parking in Manayunk.
Property Size15,090 SF
Price / SF$162.36
Days on Market4
Property Features for 4640-46 Umbria Street
General Information
Standard status
Active
Size
15,090 SF
Total Parking Spaces
46
Property subtype
Commercial
Zoning
CMX2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$33,847
Amenities
Electric
Yes
Natural Gas
Public
DD0
89.00 x 90.00
0.19
No
Assessor
Parking Lot
46
15090.00
483600.00
Building Details
Year Built
2008
Buildings
1
Building Size
15,090 SF
Listing Agency:
Divaris Real Estate, Inc
(856) 222-0077
Listed By:
Francis Brennan
Source:
Thetristaterealestategroup
Added: Sep 6
Changed: Sep 8
Last Checked: Sep 9 at 6:48AM
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 Divaris Real Estate, Inc
Investment Insights
Based on property information with market context.
This 15,090-square-foot office property at 4640-4646 Umbria Street was constructed in 2008 and features contemporary finishes, open-plan loft-style work areas, abundant natural light, and high ceilings. Modern building systems, natural gas, electric service, and 46 parking spaces support day-to-day office operations. The property is zoned CMX2 and includes the adjoining 149 Wright Street land parcel totaling 0.41 acres, creating a combined office and land offering.
Located in Manayunk, the property is near transit, shopping, dining, and the Schuylkill River Trail. The configuration supports continued office use and provides flexibility for an owner-user or investor, with the existing building and additional land included in the offering.
Located in Manayunk, the property is near transit, shopping, dining, and the Schuylkill River Trail. The configuration supports continued office use and provides flexibility for an owner-user or investor, with the existing building and additional land included in the offering.
Key Highlights
- 15,090 SF office building constructed in 2008
- Additional 0.41‑acre land parcel at 149 Wright St included
- Loft‑style work areas with open layouts, natural light, and high ceilings
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
$198,577
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
8.11%
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%
$3,971,540
$4.0M
Cap Rate 7%
$2,836,814
$2.8M
Cap Rate 9%
$2,206,411
$2.2M
Market Conditions
NOI Build-Up for 15,090 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
$331.4K $21.96/SF
− Vacancy
−$66.6K −$4.41/SF
EGI
$264.8K $17.55/SF
− OpEx
−$66.2K −$4.39/SF
NOI
$198.6K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$3,971,540
Cap Rate 7%
$2,836,814
Cap Rate 9%
$2,206,411
Alternative Uses
Best Use
Office B
$2.84M
$2.48M – $3.31M
NOI $198,577 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.68M
$3.22M – $4.29M
NOI $257,509 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Explore this area
Business Placement
Demographics for 19127, PA
6,929
Population
3,496
Households
2
Avg Household Size
29
Median Age
77%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
11,548
Density / Sq Mi
$99,792
Median Household Income
$73,061
Median Earnings
$1,765
Median Rent
$298,900
Median Home Value
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Market
Vacancy Rate% for Office in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Office building - Contemporary loft-style office space with open layouts, natural light, high ceilings, and parking in Manayunk.
Where is this office building located?
The property is located at 4640-46 Umbria Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 15,090 SF office building constructed in 2008; Additional 0.41‑acre land parcel at 149 Wright St included; Loft‑style work areas with open layouts, natural light, and high ceilings
