Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2832-34 Pacific St Philadelphia, PA 19134

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2832-34 Pacific St Philadelphia, PA 19134

    View on Map
    • Warehouses
    • 9,240 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2832-34 Pacific St

    Property size
    9,240 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 9,240-square-foot warehouse, located at 2832-34 East Pacific Street in Philadelphia, Pennsylvania, 19134, presents a compelling investment opportunity. The property boasts an ICMX (City of Philadelphia) zoning designation, offering flexibility for a range of industrial uses. With approximately 90 feet of frontage on East Pacific Street, the building features one oversized drive-in door, facilitating efficient loading and unloading. Estimated 2019 property taxes were $4,711. Its strategic location provides unparalleled access to major regional highways, situated minutes from I-95 and the Betsy Ross Bridge. This prime location also offers the convenience of SEPTA public transportation within walking distance, enhancing employee commute options and overall accessibility. The property's substantial size and advantageous location make it an attractive prospect for businesses seeking a well-situated and functional warehouse space in the vibrant Philadelphia market. The property is classified as Industrial, with a Warehouse subtype.

    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
    -75.0906
    Latitude
    39.9878

    Comparable in this City

    • Value Estimation by Request
      8,156 SF

      2129-35 Ann St

      Distribution properties • 8,156 SF
      2129-35 Ann St, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      4,000 SF

      2544-46 Cambria St

      Distribution properties • 4,000 SF
      2544-46 Cambria St, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      30,000 SF

      1930-38 Stella St

      Distribution properties • 30,000 SF
      1930-38 Stella St, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      8,000 SF

      118 Indiana Ave

      Distribution properties • 8,000 SF
      118 Indiana Ave, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      76,560 SF

      401-11 Allegheny Ave

      Manufacturing properties • 76,560 SF
      401-11 Allegheny Ave, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      384,508 SF

      300-32 Allegheny Ave

      Distribution properties • 384,508 SF
      300-32 Allegheny Ave, Philadelphia, PA 19134
      View Details

    Similar Nearby for Sale

    • $1,400,000
      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

      Tioga Docks Flex/Garage Unit

      Flex/garage unit in the Port Richmond/Harrowgate neighborhood.
      3475 Collins St, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      25,020 SF

      Multi-Tenant Industrial Building For Sale

      Multi-tenant industrial building with lofted office space and high ceilings.
      3001 Ormes St, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      80,000 SF

      Philadelphia Industrial Property with Drive-Ins

      Industrial property in Philadelphia featuring multiple drive-in entrances.
      2848 Chatham 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

    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
      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
      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
      6,500 SF

      Industrial Warehouse Space Available

      6,500 SF warehouse space for rent in Philadelphia.
      2930 E Ontario St, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      7,350 SF

      Industrial Warehouse Space Available

      7,350 SF warehouse space for rent in Philadelphia.
      3381 Richmond St, Philadelphia, PA 19134
      View Details
    • $35,000
      16,434 SF

      Industrial Warehouse with Fenced Lot

      Spacious warehouse with fenced lot, high ceilings, and multiple doors.
      2950 Castor Ave, 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.
    2832-34 Pacific St
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!