Industrial Distribution Property with
For Sale
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9990-92 Gantry Road, Philadelphia, PA 19115
Industrial facility with office space, sprinkler coverage, and drive-in access for warehouse and light manufacturing use.
Property Size31,094 SF
Lot Size1.86 Acres
Price / SF$101.31
Days on Market83
Property Features for 9990-92 Gantry Road
General Information
Standard status
Active
Size
31,094 SF
Class
B
Lot size
1.86 Acres
Property subtype
Industrial
Zoning
I-2 Medium Industrial
Investment Type
Value Add
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Building Details
Buildings
2
Listing Agency:
Colliers - Philadelphia, Pennsylvania
Listed By:
Adam Gorodesky · License #RS352818
(215) 928-7565
Source:
Crexi
Added: Jun 21
Changed: Sep 9
Last Checked: Sep 10 at 5:39AM
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 Colliers - Philadelphia, Pennsylvania
Investment Insights
Based on property information with market context.
9990 to 9994 Gantry Road comprises two industrial buildings totaling 31,094 square feet on 1.86 acres. The property includes a main building and a satellite building with office space, loading capabilities, and drive-in access. Sprinkler coverage is in place to support a range of industrial and commercial uses. The site is described as I-2 Medium Industrial zoned.
The property is located in Northeast Philadelphia with proximity to major regional routes, including US Route 1 and Interstates 95, 276, and the Woodhaven Expressway. It is also listed as being near Northeast Philadelphia Airport, supporting regional connectivity for distribution, service, contractor, and light manufacturing operations.
For tenants or buyers seeking functional industrial space, the combination of loading and drive-in access, along with on-site office space and sprinkler coverage, can help support day-to-day operations. The I-2 Medium Industrial zoning broadens the range of compatible warehouse, distribution, service, contractor, and light manufacturing uses within an established industrial setting.
The property is located in Northeast Philadelphia with proximity to major regional routes, including US Route 1 and Interstates 95, 276, and the Woodhaven Expressway. It is also listed as being near Northeast Philadelphia Airport, supporting regional connectivity for distribution, service, contractor, and light manufacturing operations.
For tenants or buyers seeking functional industrial space, the combination of loading and drive-in access, along with on-site office space and sprinkler coverage, can help support day-to-day operations. The I-2 Medium Industrial zoning broadens the range of compatible warehouse, distribution, service, contractor, and light manufacturing uses within an established industrial setting.
Key Highlights
- 31,094 SF industrial space on 1.86 acres at 9990 to 9994 Gantry Road in Northeast Philadelphia
- Main building plus a satellite building with included office space
- Loading and drive‑in access for warehouse, distribution, service, contractor, or light manufacturing users
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
$228,280
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
7.25%
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%
$4,565,600
$4.6M
Cap Rate 7%
$3,261,143
$3.3M
Cap Rate 9%
$2,536,444
$2.5M
Market Conditions
NOI Build-Up for 31,094 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
$354.5K $11.40/SF
− Vacancy
−$28.4K −$0.91/SF
EGI
$326.1K $10.49/SF
− OpEx
−$97.8K −$3.15/SF
NOI
$228.3K $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%
$4,565,600
Cap Rate 7%
$3,261,143
Cap Rate 9%
$2,536,444
Alternative Uses
Best Use
Warehouse
$4.54M
$3.98M – $5.30M
NOI $318,047 @ 7.0% cap · market cap 10.10%
Second Best
Industrial
$3.26M
$2.85M – $3.80M
NOI $228,280 @ 7.0% cap · market cap 7.25%
Theoretical Best
Multifamily LT 5
$7.58M
$6.63M – $8.84M
NOI $530,616 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility with office space, sprinkler coverage, and drive-in access for warehouse and light manufacturing use.
Where is this warehouse located?
The property is located at 9990-92 Gantry Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 31,094 SF industrial space on 1.86 acres at 9990 to 9994 Gantry Road in Northeast Philadelphia; Main building plus a satellite building with included office space; Loading and drive‑in access for warehouse, distribution, service, contractor, or light manufacturing users
