Warehouse Property for
For Sale
$609,900
840 E ATLANTIC STREET, Philadelphia, PA 19134
Warehouse property offered for sale at 840 E Atlantic Street.
Property Size4,700 SF
Days on Market59
Property Features for 840 E ATLANTIC STREET
General Information
Standard status
Active
Size
4,700 SF
Zoning
CMX2
Taxes and HOA fees
Annual Taxes
$2,911
Amenities
Central Air, Electric
Natural Gas, Forced Air
Gas Water Heater
On Street
Building Details
Building Size
4,700 SF
Year Built
1950
Listed By:
Celly Martinez
(267) 694-0246
Source:
Evrealestate
Added: Jul 18
Changed: Sep 13
Last Checked: Sep 14 at 6:32AM
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 Celly Martinez
Investment Insights
Based on property information with market context.
This offering is categorized as a warehouse/other warehouse within the commercial real estate property type. The listing is presented for sale, but it does not provide additional details on building layout, improvements, or current occupancy in the information provided.
The property is located at 840 E Atlantic Street in Philadelphia, PA 19134, in Philadelphia County. Directions are provided to use GPS for route planning.
Additional specifics that are commonly requested in underwriting—such as building size, configuration, and condition—are not included in the available remarks, so interested parties should confirm all details directly during diligence.
The property is located at 840 E Atlantic Street in Philadelphia, PA 19134, in Philadelphia County. Directions are provided to use GPS for route planning.
Additional specifics that are commonly requested in underwriting—such as building size, configuration, and condition—are not included in the available remarks, so interested parties should confirm all details directly during diligence.
Key Highlights
- Warehouse property for sale at 840 E Atlantic Street
- Year built: 1950
- Central air cooling with electric system
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
$48,074
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
7.88%
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%
$961,480
$961.5K
Cap Rate 7%
$686,771
$686.8K
Cap Rate 9%
$534,156
$534.2K
Market Conditions
NOI Build-Up for 4,700 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
$61.5K $13.08/SF
− Vacancy
−$4.9K −$1.05/SF
EGI
$56.6K $12.03/SF
− OpEx
−$8.5K −$1.81/SF
NOI
$48.1K $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 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%
$961,480
Cap Rate 7%
$686,771
Cap Rate 9%
$534,156
Alternative Uses
Best Use
Warehouse
$686.8K
$600.9K – $801.2K
NOI $48,074 @ 7.0% cap · market cap 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,205 @ 7.0% cap · market cap 13.15%
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
2,659
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property offered for sale at 840 E Atlantic Street.
Where is this warehouse located?
The property is located at 840 E ATLANTIC STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $609,900.
What are key features of this property?
This property features: Warehouse property for sale at 840 E Atlantic Street; Year built: 1950; Central air cooling with electric system
