499 E ERIE AVENUE, Philadelphia, PA 19134

Building Details

Building Size 42,000 SF More

Year Built 1930 More

Listing Agency: KW Main Line - Narberth

Listed By: Damon C. Michels · License #AB067731 Show Phone

Source: Desantis-realestate

Added: Nov 20, 2025 Changed: Nov 8 Last Checked: Nov 7 at 3:39PM

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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 KW Main Line - Narberth

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Investment Insights

Based on property information with market context.

This 42,000-square-foot warehouse, built in 1930, has broad open floor area suited to equipment, storage, or production. The upper mezzanine has been renovated and includes new bathrooms. Utilities are operational, and the property offers vehicle access and loading options for deliveries and fleet activity.

Key Highlights

• 42,000‑square‑foot warehouse
• Built in 1930
• Renovated mezzanine with new bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$429,600

Cap Rate

8.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,592,000 $8.6M

Cap Rate 7%

$6,137,143 $6.1M

Cap Rate 9%

$4,773,333 $4.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 42,000 SF

Gross rent

$549.4K $13.08/SF

− Vacancy

−$43.9K −$1.05/SF

EGI

$505.4K $12.03/SF

− OpEx

−$75.8K −$1.81/SF

NOI

$429.6K $10.23/SF

Area

Philadelphia, PA

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 Rate 5%

$8,592,000

Cap Rate 7%

$6,137,143

Cap Rate 9%

$4,773,333

Alternative Uses

Best Use

Warehouse

$6.14M

$5.37M – $7.16M (±1% cap)

NOI $429,600 @ 7.0% cap · market cap 8.59%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$10.24M

$8.96M – $11.95M (±1% cap)

NOI $716,726 @ 7.0% cap · market cap 14.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

2,162

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 19134, PA

57,463

Population

25,290

Households

2.3

Avg Household Size

33

Median Age

18%

College-Educated

77%

High-School Grad

3.4 sq mi

ZIP Area

16,901

Density / Sq Mi

$41,849

Median Household Income

$35,858

Median Earnings

$1,179

Median Rent

$127,500

Median Home Value

Market

Average Price Trend$/SF for Warehouses in Philadelphia, PA

$205 Jul

$152 Aug

$154 Sep

$140 Oct

Properties on Market for Warehouses in Philadelphia

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Philadelphia, PA

4.3% 2019

2.3% 2020

1.6% 2021

2.3% 2022

8.4% 2023

9.1% 2024

11.2% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - An updated upper-level mezzanine includes new bathrooms, with operational utilities serving the property.

Where is this warehouse located?

The property is located at 499 E ERIE AVENUE Philadelphia, PA.

What is the asking price?

The asking price for this property is $5,000,000.

What are key features of this property?

This property features: 42,000‑square‑foot warehouse; Built in 1930; Renovated mezzanine with new bathrooms