Industrial Flex Warehouse with
For Sale
Contact for pricing
4707 Stenton Avenue, Philadelphia, PA 19144
Flex industrial facility features a P&H overhead crane, drive-in access, and a renovated office component.
Property Size39,736 SF
Price / SF$80.53
Days on Market55
Property Features for 4707 Stenton Avenue
General Information
Standard status
Active
Size
39,736 SF
Class
C
Property subtype
Industrial, Office
Zoning
Industrial Commercial Mixed-Use
Occupancy
100%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$198,000
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Cap Rate
6.2%
Highway Access
Yes
Amenities
overhead crane
Building Details
Year Built
1935
Year Renovated
2020
Buildings
2
Stories
3
Tenancy
Single
Listing Agency:
REAL of Pennsylvania
Listed By:
Keren Niv · License #RS226324
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 11 at 10:51AM
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 REAL of Pennsylvania
Investment Insights
Based on property information with market context.
This industrial flex warehouse is configured for manufacturing, warehouse, distribution, and flex use, with flexible zoning identified as ICMX. The property includes approximately 12'-clear drive-in access and a dock leveler. A P&H overhead crane supports material handling, and the building combines roughly 33,500 SF of industrial space with 3,000 SF of renovated office and approximately 800 SF of storage.
The asset is described as rail-adjacent and minutes to I-76, Roosevelt Blvd, and the Wayne Junction SEPTA hub, providing convenient regional connectivity.
It is offered for sale as 100% leased on a single-tenant basis, with an in-place rent noted in the remarks as $198,000 per year on an NNN-style basis.
The asset is described as rail-adjacent and minutes to I-76, Roosevelt Blvd, and the Wayne Junction SEPTA hub, providing convenient regional connectivity.
It is offered for sale as 100% leased on a single-tenant basis, with an in-place rent noted in the remarks as $198,000 per year on an NNN-style basis.
Key Highlights
- 100% leased, single‑tenant industrial with $198,000/yr in‑place rent (~6.2% cap, NNN‑style)
- P&H overhead crane and heavy power in place
- 12'-clear drive‑in access plus 1 dock leveler
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
$291,726
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
9.12%
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%
$5,834,520
$5.8M
Cap Rate 7%
$4,167,514
$4.2M
Cap Rate 9%
$3,241,400
$3.2M
Market Conditions
NOI Build-Up for 39,736 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
$453.0K $11.40/SF
− Vacancy
−$36.2K −$0.91/SF
EGI
$416.8K $10.49/SF
− OpEx
−$125.0K −$3.15/SF
NOI
$291.7K $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 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%
$5,834,520
Cap Rate 7%
$4,167,514
Cap Rate 9%
$3,241,400
Alternative Uses
Best Use
Office B
$7.47M
$6.54M – $8.72M
NOI $522,907 @ 7.0% cap · market cap 16.34%
Second Best
Flex RnD
$5.98M
$5.23M – $6.97M
NOI $418,420 @ 7.0% cap · market cap 13.08%
Theoretical Best
Multifamily LT 5
$9.69M
$8.48M – $11.30M
NOI $678,091 @ 7.0% cap · market cap 21.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial facility features a P&H overhead crane, drive-in access, and a renovated office component.
Where is this flex space located?
The property is located at 4707 Stenton Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 100% leased, single‑tenant industrial with $198,000/yr in‑place rent (~6.2% cap, NNN‑style); P&H overhead crane and heavy power in place; 12'-clear drive‑in access plus 1 dock leveler
