Heavy Industrial
New
For Sale
$999,000
67-69 W QUEEN LN, Philadelphia, PA 19144
I-2 zoning supports intensive industrial operations with ground-level loading access.
Property Size11,881 SF
Price / SF$84.08
Days on Market2
Property Features for 67-69 W QUEEN LN
General Information
Standard status
Active
Size
11,881 SF
Zoning
I-2
Additional Details
Warehouse Space
11,881 SF
Building Details
Stories
1
Building Size
11,881 SF
Listing Agency:
TCS Management, LLC
(215) 383-1439
Listed By:
Moshe Adika · License #AB069795
(267) 210-3080
Source:
Careyrealtygroup
Added: Sep 1
Last Checked: Sep 1 at 8:38PM
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 TCS Management, LLC
Investment Insights
Based on property information with market context.
This single-story warehouse contains 11,881 square feet with an open interior arrangement, high ceilings, and multiple roll-up loading doors. Ground-level loading supports day-to-day material movement, while the building’s configuration can accommodate manufacturing, distribution, storage, contractor operations, and other heavy industrial activities.
The property is in Germantown, Philadelphia, at 67-69 W Queen Ln. Its I-2 Heavy Industrial zoning provides a broad framework for intensive industrial use. Roosevelt Boulevard is approximately a 5–10 minute drive away, connecting the site with regional transportation routes.
The property is in Germantown, Philadelphia, at 67-69 W Queen Ln. Its I-2 Heavy Industrial zoning provides a broad framework for intensive industrial use. Roosevelt Boulevard is approximately a 5–10 minute drive away, connecting the site with regional transportation routes.
Key Highlights
- 11,881‑square‑foot single‑story warehouse
- I‑2 Heavy Industrial zoning
- High ceilings and open floor layout
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
$87,226
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
8.73%
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%
$1,744,520
$1.7M
Cap Rate 7%
$1,246,086
$1.2M
Cap Rate 9%
$969,178
$969.2K
Market Conditions
NOI Build-Up for 11,881 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
$135.4K $11.40/SF
− Vacancy
−$10.8K −$0.91/SF
EGI
$124.6K $10.49/SF
− OpEx
−$37.4K −$3.15/SF
NOI
$87.2K $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%
$1,744,520
Cap Rate 7%
$1,246,086
Cap Rate 9%
$969,178
Alternative Uses
Best Use
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,526 @ 7.0% cap · market cap 12.16%
Second Best
Industrial
$1.25M
$1.09M – $1.45M
NOI $87,226 @ 7.0% cap · market cap 8.73%
Theoretical Best
Multifamily LT 5
$2.90M
$2.53M – $3.38M
NOI $202,748 @ 7.0% cap · market cap 20.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,832
Businesses Nearby
Balanced
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 Industrial in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - I-2 zoning supports intensive industrial operations with ground-level loading access.
Where is this warehouse located?
The property is located at 67-69 W QUEEN LN Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 11,881‑square‑foot single‑story warehouse; I‑2 Heavy Industrial zoning; High ceilings and open floor layout
