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Property profile & analytics
OFF-MARKET Estimated value $9,005,000
Strip malls

1600 Carpenter St Philadelphia, PA 19146

35,657 SF 1.39 ac lot Built 1950
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-1005959
Property summary
AI-generated overview

This expansive industrial property, located at 1600 Carpenter Street in Philadelphia, Pennsylvania (zip code 19146), offers 35,072 square feet of warehouse space for lease. The entire building is currently vacant, presenting a unique opportunity for a single large tenant or multiple smaller businesses. Situated on a 0.81-acre lot, the property boasts a substantial 22.83-foot ceiling height, providing ample vertical storage capacity. The property's classification is industrial, with a warehouse subtype and multiple tenancy designation. The building is located in Philadelphia County. This location offers excellent access to major transportation routes, making it an attractive option for businesses requiring efficient logistics. The property's size and features make it suitable for a wide range of industrial uses, from storage and distribution to light manufacturing. With its significant square footage and convenient location, this warehouse presents a compelling investment opportunity for businesses seeking a substantial and versatile space in the Philadelphia market. The property is ready for immediate occupancy. Interested parties should inquire for lease terms and conditions.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 35,657 SF
Lot 1.39 ac (60,679 SF)
Zoning code I2
APN 88-2-1306-10
UPID US73-1005959
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.42M
CAP Approach CAP
$7.95M
Comparable Approach Comparable
$6.62M
Blend (final) Blend
$9.01M
Owner & transaction history
1601 Washington Avenue Fso LLC · 1 yrs held
1601 Washington Avenue Fso LLC
since 2025
Last sale
$9.5M
3 recorded transactions
2025
$9.2M
2022
$9.5M
1997
$600,000
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $11.0M +66.9%
Warehouse, storage $10.8M +62.7%
Office building $9.1M +37.1%
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