Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7500 Wheeler St Philadelphia, PA 19153
    Back to Search
    Property profile & analytics

    7500 Wheeler St, Philadelphia, PA 19153

    View on Map
    • Warehouses
    • 40,000 SF
    • 5.88 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Evantine Design / Wedding Service / Event Planning

    Property Details for 7500 Wheeler St

    Lot size
    5.88 lot acres
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional Philadelphia industrial property at 7500 Wheeler Street offers 40,000 square feet of versatile space, ideal for various businesses. The building boasts a blend of 25,000 square feet of warehouse space and 15,000 square feet of office/showroom area, all in excellent condition. High ceilings (18 feet clear) and four loading docks enhance operational efficiency. Situated on a 5.88-acre lot in Philadelphia, PA 19153, this single-unit property is zoned for industrial use and features a renovated interior (2001). The asking price is $4,750,000, translating to $118.75 per square foot. While the roof hasn't been replaced since its 2001 renovation, it has been meticulously maintained. Note that a short-term leaseback is required until the end of March, and the property currently lacks a sprinkler system. This presents a unique opportunity for a wide range of industries, including manufacturing, warehousing, and more. The property's size and features make it a compelling investment in a prime Philadelphia location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.2475
    Latitude
    39.9129

    Comparable in this City

    • Value Estimation
      $10,285,000
      164,184 SF

      7575 Brewster Ave

      WAREHOUSE, STORAGE
      7575 Brewster Ave, Philadelphia, PA 19153-3206
      View Details
    • Value Estimation
      $5,375,000
      67,449 SF

      6831 Norwitch Dr

      WAREHOUSE, STORAGE
      6831 Norwitch Dr, Philadelphia, PA 19153-3412
      View Details
    • Value Estimation by Request
      1,521 SF

      6221 Passyunk Ave, Unit C

      STORAGE YARD (JUNK, SALVAGE)
      6221 Passyunk Ave, Philadelphia, PA 19153-3529
      View Details
    • Value Estimation
      $2,100,000
      29,250 SF

      6204 Passyunk Ave

      WAREHOUSE, STORAGE
      6204 Passyunk Ave, Philadelphia, PA 19153-3510
      View Details
    • Value Estimation by Request
      350 SF

      6221 Passyunk Ave E E Ste

      STORAGE YARD (JUNK, SALVAGE)
      6221 Passyunk Ave E E Ste, Philadelphia, PA 19153-3529
      View Details
    • Value Estimation
      $8,450,000
      51,229 SF

      7825 Holstein Ave

      WAREHOUSE, STORAGE
      7825 Holstein Ave, Philadelphia, PA 19153-3239
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Philadelphia Industrial Property For Sale

      1.4-acre industrial property with 8,160 SF flex/warehouse building.
      6123 W Passyunk Ave, Philadelphia, PA 19153
      View Details
    • Contact for pricing
      Pending

      Vacant Land For Sale

      Vacant land available for sale in Philadelphia, Pennsylvania.
      7136 Guyer Ave, Philadelphia, PA 19153
      View Details
    • $349,900
      0.30 Acres

      Philadelphia Land Package with Garages

      Three buildable lots with income-producing garages in Penrose neighborhood.
      7627 Este Ave, Philadelphia, PA 19153
      View Details
    • New
      $235,000
      1,281 SF

      Two-Unit Duplex Investment

      Well-maintained duplex with separate utilities, offering a 1-bedroom and 2-bedroom apartment plus basement storage.
      7406 Elmwood Ave, Philadelphia, PA 19153
      View Details
    • Contact for pricing
      Pending

      End Row House for Sale

      End row house featuring three bedrooms and a full basement.
      8029 Lindbergh Blvd, Philadelphia, PA 19153
      View Details
    • Contact for pricing

      2.53 Acres on Island Avenue

      2.53 acres of commercial land with 378' frontage.
      4521 Island Ave, Philadelphia, PA 19153
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      97,081 SF

      Spacious Industrial Warehouse Ready

      Large 487,589 sq ft warehouse with ample parking.
      6310 Passyunk Ave, Philadelphia, PA 19153
      View Details
    • Contact for pricing
      16,913 SF

      Industrial Warehouse with Ample Office

      16,913 SF warehouse with office space for lease.
      6717 Essington Ave, Philadelphia, PA 19153
      View Details
    • Contact for pricing

      Industrial Space with Highway Access

      Industrial property featuring immediate highway access, high ceilings, and ample parking.
      8800 Tinicum Blvd, Philadelphia, PA 19153
      View Details
    • Contact for pricing
      123,466 SF

      Industrial Property for Sublease

      Industrial property available for sublease, totaling 123,466 square feet.
      3501 Island Ave, Philadelphia, PA 19153
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent in Philadelphia, PA.
      6046 W Passyunk Ave, Philadelphia, PA 19153
      View Details
    • Contact for pricing

      Commercial Land Near Major Routes

      Land with easy access to major transportation routes and airport.
      6951 Norwitch Dr, Philadelphia, PA 19153
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7500 Wheeler St
    Philadelphia, PA 19153
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7500 Wheeler St, Philadelphia, PA, 19153
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!