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    1901 Courtland St Philadelphia, PA 19140

    Sponsored
    For Sale
    $1,950,000

    16,000 SF Warehouse, 8.03% Cap Rate

    Property size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This fully leased, 16,000-square-foot warehouse in Philadelphia, PA, presents a compelling investment opportunity. Boasting a strong 8.03% cap rate and 100% occupancy, the property generates a substantial net operating income (NOI) of $156,611. The asking price is $1,950,000, translating to $121.88 per square foot. The single-story building is divided into 22 tenant spaces, ranging from 400 to 1,000 square feet, each accessible via keyless entry. Recent renovations totaling approximately $80,000 have enhanced the property's value. A proprietary management software streamlines operations, reducing overhead costs. Tenants, a diverse mix of light industrial businesses, utilize short-term, four-week billing cycles, resulting in 13 billing periods annually. This efficient management system, combined with the high occupancy rate and strong NOI, makes this a highly attractive investment prospect in a prime Philadelphia location. The property is situated at 1901 W Courtland St, Philadelphia, PA 19140. The gross lease structure further simplifies management.

    Property Features for 1901 Courtland St

    General Information

    Property type
    Distribution properties
    Square Feet
    16,000 SF

    Building Details

    Stories
    1

    HighLights

    • Fully leased 16,000 SF warehouse in Philadelphia, PA.
    • 8.03% cap rate and 100% occupancy, generating $156,611 NOI.
    • Asking price: $1,950,000 ($121.88/SF).
    • Single‑story building with 22 tenant spaces (400‑1,000 SF each), keyless entry.
    • $80,000 in recent renovations and efficient management software.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.156816316178
    Latitude
    40.024098001671

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    FAQs

    What type of property is this?
    Distribution property - 16,000 SF Warehouse, 8.03% Cap Rate
    Where is this distribution property located?
    The property is located at 1901 Courtland St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Fully leased 16,000 SF warehouse in Philadelphia, PA.; 8.03% cap rate and 100% occupancy, generating $156,611 NOI.; Asking price: $1,950,000 ($121.88/SF).
    Request Owner's contact information
    1901 Courtland St Philadelphia, PA 19140
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1901 Courtland St Philadelphia, PA 19140
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