Corner Lot with Multiple
For Sale
Contact for pricing
800 12th Ave, Prospect Park, PA
0.57-acre corner lot with three buildings totaling approximately 6,000 SF.
Property Size6,000 SF
Lot Size0.57 Acres
Price / SF$215
Days on Market389
Property Features for 800 12th Ave
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.57 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Capital Commercial Real Estate Group
(561) 945-2346
Listed By:
Christopher Armas · License #332049
(561) 945-2346
Source:
Moodyscre
Added: Aug 8, 2025
Changed: Aug 14
Last Checked: Aug 30 at 10:19PM
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 Capital Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This property features a 0.57-acre corner lot improved with three buildings totaling approximately 6,000 square feet. The site is fully enclosed with a gated entry and offers outdoor storage. The buildings include garage-style bays and office/shop space, as well as vehicle storage. The property is surrounded by dense residential areas and local traffic drivers. It is located minutes from I-95, Philadelphia Airport, and regional transit. This property, under long-term ownership, is being offered for the first time in over 40 years. It is suitable for an owner/user, contractor, or landscaper.
Key Highlights
- 0. 57‑acre corner lot featuring 3 buildings totaling +-6,000 SF
- Fully enclosed site with gated entry and outdoor storage
- Minutes to I‑95, Philadelphia Airport, and regional transit
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
$41,970
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
3.25%
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%
$839,400
$839.4K
Cap Rate 7%
$599,571
$599.6K
Cap Rate 9%
$466,333
$466.3K
Market Conditions
NOI Build-Up for 6,000 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
$68.4K $11.40/SF
− Vacancy
−$3.8K −$0.64/SF
EGI
$64.6K $10.76/SF
− OpEx
−$22.6K −$3.77/SF
NOI
$42.0K $7.00/SF
Area
Delaware County, PA
Vacancy
5.60%
Lease Rate
$11.40 /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%
$839,400
Cap Rate 7%
$599,571
Cap Rate 9%
$466,333
Alternative Uses
Best Use
Flex RnD
$599.6K
$524.6K – $699.5K
NOI $41,970 @ 7.0% cap · market cap 3.25%
Second Best
Industrial
$519.9K
$454.9K – $606.5K
NOI $36,392 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,340 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - 0.57-acre corner lot with three buildings totaling approximately 6,000 SF.
Where is this warehouse located?
The property is located at 800 12th Ave Prospect Park, PA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 0. 57‑acre corner lot featuring 3 buildings totaling +-6,000 SF; Fully enclosed site with gated entry and outdoor storage; Minutes to I‑95, Philadelphia Airport, and regional transit
