Property profile

1801 N 5Th St Philadelphia, PA 19122

FOR LEASE
Flex space
Property ID
US73-0022938
104,976 SF 5.09 ac lot Built 1939
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 102,307-square-foot industrial property, located at 1801 N 5th Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. The single-tenant warehouse/flex space boasts a recent 2024 renovation, ensuring modern functionality and efficiency. The building, constructed in 1939 and situated on a generous 5.428 acres of land, features a substantial 24'-33' ceiling height, providing ample vertical space for various uses. Twelve loading docks facilitate efficient loading and unloading operations, while the robust 1,200-amp power supply ensures sufficient energy for demanding industrial processes. The property is zoned I-1 (Light Industrial), offering flexibility for a range of businesses. The property's location within the Philadelphia submarket provides excellent access to major transportation routes and a skilled workforce. The property's APN is 884080210, 884589150, and the zip code is 19122. This fully vacant building offers immediate occupancy for a discerning tenant seeking a well-maintained, spacious, and strategically located industrial facility in the heart of Philadelphia. The combination of size, location, and recent renovations makes this property an attractive proposition for businesses seeking to establish or expand their operations in this thriving market.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1939
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 104,976 SF
Lot 5.09 ac (221,720 SF)
Zoning code I1
APN 88-4-0802-10
UPID US73-0022938

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office

Location

1801 N 5Th St Philadelphia, PA 19122
Philadelphia metro Census 15600 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$11.86M
Comparable Approach Comparable
$20.30M
Blend (final) Blend
$16.07M

Owner & transaction history

since 2019
4 recorded transactions
2019
$11.1M
2007
$5.8M
2004
Price N/A
1969
Price N/A

Zoning & alternative use

I1 · Philadelphia, PA
Top alternative use upside
Office building $26.7M +73.4%
Medical building $25.8M +67.3%
Neighborhood: shopping center $19.5M +26.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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