Philadelphia Redevelopment Opportunity Near
For Sale
Contact for pricing
Pending
4790 James St, Philadelphia, PA 19137
4.7-acre site ideal for industrial, commercial, or institutional redevelopment.
Property Size50,000 SF
Lot Size4.70 Acres
Days on Market692
Property Features for 4790 James St
General Information
Standard status
Pending
Size
50,000 SF
Total Parking Spaces
300
Lot size
4.70 Acres
Property subtype
Industrial, Retail, Special Purpose
Occupancy
100%
Investment Type
Owner/User
Building Details
Buildings
2
Listing Agency:
McCann Commercial Real Estate
Listed By:
Darryl Miller, CRB, CCIM · License #AB044338A
Source:
Crexi
Added: Oct 14, 2024
Changed: Aug 8
Last Checked: Jul 24 at 5:32PM
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 McCann Commercial Real Estate
Investment Insights
Based on property information with market context.
This property presents an exceptional industrial, commercial, or institutional building or land redevelopment opportunity, offering immediate access to I-95 via the Bridge Street Exit and direct connections to major regional corridors, including Roosevelt Boulevard (US 1), I-76, and Route 63 (Woodhaven Rd). It is located minutes from the Port of Philadelphia, Northeast Philadelphia Airport, and Philadelphia International Airport. The site is ideal for an AI Data Center, e-commerce fulfillment, service fleet operations, a retail center, self-storage, a trades facility, or a flex office campus. It can also serve as a warehouse, logistics, or distribution hub. The existing 50,000+ SF structure includes high-ceiling open areas, wide column spacing, and reinforced floors, making it ideal for industrial repurposing. It features commercial-grade utilities (electrical, HVAC, plumbing) and existing loading/receiving areas. The secondary 6,095 SF annex building can function as office, training, R&D, or small-scale production space. The property is located within an established urban industrial corridor near Frankford, Bridesburg, and Tacony. The site spans over 4.7 acres (204,934 SF) with 556 feet of frontage, providing ample land development opportunity, truck maneuvering, and storage space. There is paved parking for 200+ cars or 125+ trucks, two existing loading docks, and drive-in access, with potential to expand for industrial workflow. The masonry construction and high structural capacity are suitable for light manufacturing, warehouse conversion, or flex-space adaptation.
Key Highlights
- Prime Location: Immediate I‑95 access and proximity to major transportation hubs.
- Large 4.7+ acre site with ample truck maneuvering and storage.
- Zoning & Adaptive Reuse Potential: Strong candidate for variance rezoning to light industrial, warehouse, or commercial retail.
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
$511,428
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
6.43%
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%
$10,228,560
$10.2M
Cap Rate 7%
$7,306,114
$7.3M
Cap Rate 9%
$5,682,533
$5.7M
Market Conditions
NOI Build-Up for 50,000 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
$654.0K $13.08/SF
− Vacancy
−$52.3K −$1.05/SF
EGI
$601.7K $12.03/SF
− OpEx
−$90.3K −$1.81/SF
NOI
$511.4K $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%
$10,228,560
Cap Rate 7%
$7,306,114
Cap Rate 9%
$5,682,533
Alternative Uses
Best Use
Warehouse
$7.31M
$6.39M – $8.52M
NOI $511,428 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.19M
$10.67M – $14.22M
NOI $853,245 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19137, PA
8,682
Population
3,485
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
2.4 sq mi
ZIP Area
3,618
Density / Sq Mi
$64,401
Median Household Income
$46,109
Median Earnings
$1,205
Median Rent
$212,700
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?
Warehouse - 4.7-acre site ideal for industrial, commercial, or institutional redevelopment.
Where is this warehouse located?
The property is located at 4790 James St Philadelphia, PA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Prime Location: Immediate I‑95 access and proximity to major transportation hubs.; Large 4.7+ acre site with ample truck maneuvering and storage.; Zoning & Adaptive Reuse Potential: Strong candidate for variance rezoning to light industrial, warehouse, or commercial retail.
