1-Story Warehouse with Overhead
For Sale
$164,900
6139 WISTER STREET, Philadelphia, PA 19138
Fully fenced parcels include an 8,400 sq ft combined property with a 2,000 sq ft clear-span warehouse and rear access doors.
Property Size2,037 SF
Lot Size0.19 Acres
Price / SF$80.95
Days on Market24
Property Features for 6139 WISTER STREET
General Information
Standard status
Active
Size
2,037 SF
Lot size
0.19 Acres
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,366
Amenities
Whole House Fan
3
Concrete
Flat
Parking.
Fenced, Lot.
Level
63.00 x 90.00
Side Yard. Other, Level, Open.
Building Details
Year Built
1915
Stories
1
Listing Agency:
Elfant Wissahickon-Chestnut Hill
(215) 247-3600
Listed By:
Neil Kugelman · License #RS143767A
(215) 247-3600
Source:
Xome
Added: Jul 19
Changed: Aug 8
Last Checked: Aug 11 at 5:01AM
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 Elfant Wissahickon-Chestnut Hill
Investment Insights
Based on property information with market context.
This offering is a two-parcel package with commercial use potential, consisting of a main lot with a 1-story, 2,000 sq ft clear-span warehouse and an adjoining fully fenced lot behind the building. The main 63' x 90' fenced property includes front and side overhead garage doors, a half bathroom at the rear of the warehouse, and an outdoor-access utility/mechanical room. Utilities/mechanicals are described as older but operational, and the parcels are sold together in as-is condition.
The adjoining parcel is located immediately behind the main building as a fully fenced 30' x 90' lot. Both lots are completely fenced, and buyers are welcome to inspect the properties anytime by appointment.
The adjoining parcel is located immediately behind the main building as a fully fenced 30' x 90' lot. Both lots are completely fenced, and buyers are welcome to inspect the properties anytime by appointment.
Key Highlights
- 8,400 sq ft combined lot area includes two adjacent parcels sold together (as‑is) with both lots fully fenced
- 2,000 sq ft clear‑span, 1‑story building with front and side overhead garage doors for drive‑in access
- Fully fenced 63' x 90' main lot with rear half bathroom and a utility/mechanical room accessed from outdoors
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
$14,955
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
9.07%
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%
$299,100
$299.1K
Cap Rate 7%
$213,643
$213.6K
Cap Rate 9%
$166,167
$166.2K
Market Conditions
NOI Build-Up for 2,037 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
$23.2K $11.40/SF
− Vacancy
−$1.9K −$0.91/SF
EGI
$21.4K $10.49/SF
− OpEx
−$6.4K −$3.15/SF
NOI
$15.0K $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%
$299,100
Cap Rate 7%
$213,643
Cap Rate 9%
$166,167
Alternative Uses
Best Use
Flex RnD
$306.4K
$268.1K – $357.5K
NOI $21,450 @ 7.0% cap · market cap 13.01%
Second Best
Warehouse
$297.7K
$260.5K – $347.3K
NOI $20,836 @ 7.0% cap · market cap 12.64%
Theoretical Best
Multifamily LT 5
$496.6K
$434.5K – $579.4K
NOI $34,761 @ 7.0% cap · market cap 21.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Fully fenced parcels include an 8,400 sq ft combined property with a 2,000 sq ft clear-span warehouse and rear access doors.
Where is this flex space located?
The property is located at 6139 WISTER STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: 8,400 sq ft combined lot area includes two adjacent parcels sold together (as‑is) with both lots fully fenced; 2,000 sq ft clear‑span, 1‑story building with front and side overhead garage doors for drive‑in access; Fully fenced 63' x 90' main lot with rear half bathroom and a utility/mechanical room accessed from outdoors
