Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    401-11 Allegheny Ave Philadelphia, PA 19134
    Back to Search
    Property profile & analytics

    401-11 Allegheny Ave, Philadelphia, PA 19134

    View on Map
    • Warehouses
    • 76,560 SF
    • 1.32 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 401-11 Allegheny Ave

    Lot size
    1.32 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Philadelphia industrial property, located at 401-11 E Allegheny Avenue, offers 76,560 square feet on a 1.32-acre lot. The building features a mix of warehouse and manufacturing space, boasting a three-story section with 17-foot ceiling heights throughout and a two-story section with approximately 15-foot and 19-foot ceiling heights. Constructed of reinforced concrete with a mushroom cap pillar design, the property includes multiple drive-in doors for convenient access. The site provides ample outdoor space for approximately 40 vehicles. Benefiting from its location, the property enjoys significant street frontage: approximately 503 feet on C Street, and 121 feet each on Westmoreland and Allegheny Avenues. Convenient curb cuts are located on Allegheny Avenue and C Street. The property is zoned I2 by the City of Philadelphia and is designated a Qualified Opportunity Zone (QOZ). Estimated 2021 taxes were $9,436.05. This versatile property is available for sale or lease and presents a unique opportunity for various industrial uses.

    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
    -75.1227
    Latitude
    39.9986

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      118 Indiana Ave

      Distribution properties
      118 Indiana Ave, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      384,508 SF

      300-32 Allegheny Ave

      Distribution properties
      300-32 Allegheny Ave, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      15,000 SF

      1829-33 Venango St

      Distribution properties
      1829-33 Venango St, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      8,156 SF

      2129-35 Ann St

      Distribution properties
      2129-35 Ann St, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      4,000 SF

      2544-46 Cambria St

      Distribution properties
      2544-46 Cambria St, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      30,000 SF

      1930-38 Stella St

      Distribution properties
      1930-38 Stella St, Philadelphia, PA 19134
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,000 SF

      Port Richmond Industrial Warehouse

      23,000 SF industrial warehouse in need of redevelopment.
      3445 Melvale St, Philadelphia, PA 19134
      View Details
    • Contact for pricing

      Two-Building Industrial Property For Sale

      Two adjacent buildings totaling 32,676 SF, 39% occupied.
      135-143 E Venango St, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      67,500 SF

      67,500 SF Philadelphia Industrial Building

      Five-story industrial building with freight elevator and dock doors.
      2916 Weikel St, Philadelphia, PA 19134
      View Details
    • Contact for pricing

      Adaptable Commercial Property For Sale

      7,433 sq. ft. commercial property suitable for various businesses.
      3143 Janney St, Philadelphia, PA 19134
      View Details
    • Contact for pricing

      Two-Story Warehouse Near Septa El

      Two-story warehouse near Septa El, ideal for developers.
      1814 E Russell St, Philadelphia, PA 19134
      View Details
    • Contact for pricing

      Tioga Docks Flex/Garage Unit

      Flex/garage unit in the Port Richmond/Harrowgate neighborhood.
      3475 Collins St, Philadelphia, PA 19134
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Industrial Space in Philadelphia

      New manufacturing/warehouse/distribution facility in growing Philadelphia hotspot.
      956 East Erie Ave, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      7,350 SF

      Philadelphia Industrial Space For Rent

      33,252 SF industrial space available for lease in Philadelphia.
      2838 Trenton Ave, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      190,911 SF

      Industrial Warehouse Space Available

      Large industrial space with loading docks and drive-in door.
      2235 Castor Ave, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      190,000 SF

      Port Richmond Industrial Warehouse Space

      190,000 SF warehouse with convenient access to transportation.
      2200 E Ann St, Philadelphia, PA 19134
      View Details
    • $11,192 /Mo
      6,347 SF

      Philadelphia Commercial Building with Showroom

      Two-story commercial building with showroom, warehouse, and office space.
      2814-18 E Allegheny Ave, Philadelphia, PA 19134
      View Details
    • Contact for pricing

      Creative Flex Space Available

      2,037 SF flex space with roll-up door for rent.
      1909 E Westmoreland St, Philadelphia, PA 19134
      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.
    401-11 Allegheny Ave
    Philadelphia, PA 19134
    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
    401-11 Allegheny Ave, Philadelphia, PA, 19134
    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!