Flex Warehouse with Drive-In
For Sale
$950,000
4832 6th St, Philadelphia, PA 19120
Clean, fully vacant flex warehouse with drive-in loading and a full kitchen plus private bathroom with shower.
Property Size6,750 SF
Price / SF$140.74
Days on Market47
Property Features for 4832 6th St
General Information
Standard status
Active
Size
6,750 SF
Financials
Asking Price
$950,000
Opportunity Zone
Yes
Amenities
full kitchen
private bathroom with shower
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Realty
Listed By:
June A Bauer
(267) 593-3348
Source:
Soldbypattie
Added: Jul 30
Changed: Sep 8
Last Checked: Sep 13 at 1:18PM
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.
A prime flex warehouse delivered 100% vacant at settlement, offering a versatile, clean interior ready for immediate occupancy or custom tenant placement. The setup includes a full kitchen and a private bathroom with a shower, supporting use as an administrative headquarters, executive office suite, or modern flex configuration. The open footprint is designed for warehousing, light manufacturing, distribution, trade contractor headquarters, or flex commercial use, with high-clear ceilings and drive-in loading access.
Located at 4832-40 North 6th Street in Philadelphia, the property sits within a designated federal Opportunity Zone. The site is described as providing convenient access to North Philadelphia arterial routes, public transit, and major commercial corridors for logistics and transport.
Built in 1920, this facility is positioned for owner-operators, investors, or developers seeking a flexible commercial building that is available without existing lease commitments at settlement.
Located at 4832-40 North 6th Street in Philadelphia, the property sits within a designated federal Opportunity Zone. The site is described as providing convenient access to North Philadelphia arterial routes, public transit, and major commercial corridors for logistics and transport.
Built in 1920, this facility is positioned for owner-operators, investors, or developers seeking a flexible commercial building that is available without existing lease commitments at settlement.
Key Highlights
- 100% vacant at settlement, delivered turnkey ready for immediate occupancy
- Full kitchen plus private bathroom with shower for live‑work or admin use
- High‑clear ceilings and wide‑open layout for warehousing, light manufacturing, or distribution
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
$69,043
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
7.27%
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%
$1,380,860
$1.4M
Cap Rate 7%
$986,329
$986.3K
Cap Rate 9%
$767,144
$767.1K
Market Conditions
NOI Build-Up for 6,750 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
$88.3K $13.08/SF
− Vacancy
−$7.1K −$1.05/SF
EGI
$81.2K $12.03/SF
− OpEx
−$12.2K −$1.81/SF
NOI
$69.0K $10.23/SF
Area
ZIP 19120
Vacancy
8.00%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
15.00%
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%
$1,380,860
Cap Rate 7%
$986,329
Cap Rate 9%
$767,144
Alternative Uses
Best Use
Warehouse
$986.3K
$863.0K – $1.15M
NOI $69,043 @ 7.0% cap · market cap 7.27%
Second Best
Flex RnD
$744.6K
$651.6K – $868.7K
NOI $52,124 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,870 @ 7.0% cap · market cap 11.88%
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
1,507
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Flex space - Clean, fully vacant flex warehouse with drive-in loading and a full kitchen plus private bathroom with shower.
Where is this flex space located?
The property is located at 4832 6th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 100% vacant at settlement, delivered turnkey ready for immediate occupancy; Full kitchen plus private bathroom with shower for live‑work or admin use; High‑clear ceilings and wide‑open layout for warehousing, light manufacturing, or distribution
