Industrial Building with Paved
For Sale
$1,199,000
4821 GARDEN STREET, Philadelphia, PA 19137
Large industrial facility with an open warehouse layout and expansive paved yard plus a secondary building for flexible support space.
Property Size10,446 SF
Price / SF$114.78
Days on Market109
Property Features for 4821 GARDEN STREET
General Information
Standard status
Active
Size
10,446 SF
Property subtype
Industrial
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$9,682
Amenities
3
Hardwood, Tile, Vinyl, Other
Parking.
Fenced, Private, On Street.
River
121.00 x 217.00
Other.
Building Details
Year Built
1948
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Tim Brogan · License #RS314019
(215) 620-9341
Source:
Xome
Added: May 23
Changed: Sep 1
Last Checked: Sep 8 at 4:38AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
4821 Garden Street presents a multi-structure industrial site anchored by a 9,000+ square foot industrial building. The main building offers open warehouse space, soaring ceilings, and a versatile layout designed to support a range of industrial uses, including manufacturing, distribution, storage, fabrication, and contractor operations, as well as adaptive reuse. A separate secondary building adds additional flexibility, with space described as well-suited for office, administrative, showroom, creative workspace, or support operations.
The property includes expansive paved outdoor space suitable for parking, fleet storage, equipment staging, outdoor storage, and potential future site improvements. It is positioned in Philadelphia’s established Bridesburg industrial corridor and is described as being near major transportation routes and in proximity to the Delaware River waterfront.
With its scale, outdoor improvements, and on-site administrative and warehouse components, the property offers configuration options for users seeking both production and dedicated support/workspace in one consolidated setting.
The property includes expansive paved outdoor space suitable for parking, fleet storage, equipment staging, outdoor storage, and potential future site improvements. It is positioned in Philadelphia’s established Bridesburg industrial corridor and is described as being near major transportation routes and in proximity to the Delaware River waterfront.
With its scale, outdoor improvements, and on-site administrative and warehouse components, the property offers configuration options for users seeking both production and dedicated support/workspace in one consolidated setting.
Key Highlights
- 9,000+ SF industrial building with open warehouse space and a versatile layout for manufacturing, distribution, storage, or adaptive reuse
- Expansive paved yard and oversized site for vehicle parking, fleet storage, equipment staging, outdoor storage, or future site improvements
- Separate secondary building for flexible support space such as office, administrative, showroom, creative workspace, or support operations
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
$109,996
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
9.17%
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%
$2,199,920
$2.2M
Cap Rate 7%
$1,571,371
$1.6M
Cap Rate 9%
$1,222,178
$1.2M
Market Conditions
NOI Build-Up for 10,446 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
$188.0K $18.00/SF
− Vacancy
−$18.8K −$1.80/SF
EGI
$169.2K $16.20/SF
− OpEx
−$59.2K −$5.67/SF
NOI
$110.0K $10.53/SF
Area
Philadelphia, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,199,920
Cap Rate 7%
$1,571,371
Cap Rate 9%
$1,222,178
Alternative Uses
Best Use
Office B
$1.96M
$1.72M – $2.29M
NOI $137,464 @ 7.0% cap · market cap 11.46%
Second Best
Flex RnD
$1.57M
$1.37M – $1.83M
NOI $109,996 @ 7.0% cap · market cap 9.17%
Theoretical Best
Multifamily LT 5
$2.55M
$2.23M – $2.97M
NOI $178,260 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19137, PA
8,682
Population
3,485
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
3,618
Density / Sq Mi
$64,401
Median Household Income
$46,109
Median Earnings
$1,205
Median Rent
$212,700
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Large industrial facility with an open warehouse layout and expansive paved yard plus a secondary building for flexible support space.
Where is this flex space located?
The property is located at 4821 GARDEN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 9,000+ SF industrial building with open warehouse space and a versatile layout for manufacturing, distribution, storage, or adaptive reuse; Expansive paved yard and oversized site for vehicle parking, fleet storage, equipment staging, outdoor storage, or future site improvements; Separate secondary building for flexible support space such as office, administrative, showroom, creative workspace, or support operations
