Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    417-21 South St Philadelphia, PA 19147

    Sponsored
    Picture of Retail space at South St 417-21, Philadelphia, PA
    For Lease
    $11,250 /Mo ($14 SF/Yr)

    CommercialLease - PHILADELPHIA, PA

    Type:Retail
    Lot size:
    0.21 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 21 at 12:06 pm

    Property Features for 417-21 South St

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking features
    On Street
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Number of units
    4
    Building materials
    Masonry

    We can help!

    Listing Contact
    Jon M O'Shea

    Keller Williams Main Line (610) 520-0100

    Listing agent Jon M O'Shea (267) 780-3419 License #ab069634

    Listing date Feb 20, 2026

    MLS# PAPH2586154

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Philadelphia Available

    Commercial space is available for lease in Philadelphia, Pennsylvania. The property is located at 417-21 SOUTH Street, PHILADELPHIA, PA 19147. The lot size is 0.21 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.14984183
    Latitude
    39.94178697

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      PA, Philadelphia - Snyder Avenue

      Discover many ways to work your way in Brookfield Square
      1727 Snyder Ave, Philadelphia, PA 19145
      View Details
    • New
      $50,000
      23,958 SF

      Retail Space on Girard Avenue

      New commercial space in luxury residential project near Philadelphia.
      1000 W Girard Ave, Philadelphia, PA 19123
      View Details
    • $5,600 /Mo
      2,178 SF

      Pine Street Commercial Space Available

      Renovated commercial space in Washington Square West's Antique Row.
      1108 Pine St, Philadelphia, PA 19107
      View Details
    • $7,333 /Mo
      28,314 SF

      Office/Retail Space on Columbus Boulevard

      Office and retail spaces with convenient access to transportation and amenities.
      3-7 N Columbus Blvd, Philadelphia, PA 19106
      View Details
    • $15,000 /Mo

      Retail Space in Philadelphia

      Retail space available for lease in Philadelphia, PA 19107.
      1111 Walnut St, Philadelphia, PA 19107
      View Details
    • $2,100 /Mo
      1,307 SF

      Commercial Space in Cobbs Creek

      Renovated commercial space suitable for various businesses, available in March.
      622 S 60Th St, Philadelphia, PA 19143
      View Details
    • $3,200 /Mo

      Prime Old City Retail Space

      High-visibility retail space in Philadelphia's historic Old City neighborhood.
      58 N 2Nd St, Philadelphia, PA 19106
      View Details
    • New
      $2,300 /Mo

      Versatile Flex Space in Old City

      Spacious 3-level apartment with street-level access in historic Old City.
      107 Arch St, Philadelphia, PA 19106
      View Details
    • $2,800 /Mo

      Equipped Restaurant Space Available

      Turn-key restaurant space with equipment included in Philadelphia, PA.
      1605 E Wadsworth Ave, Philadelphia, PA 19150
      View Details
    • $2,200 /Mo
      1,307 SF

      Germantown Avenue Retail/Office Space

      Two-level retail/office space in Philadelphia's Germantown neighborhood.
      6761 Germantown Ave, Philadelphia, PA 19119
      View Details
    • $2,000 /Mo
      1,307 SF

      Germantown Ave Retail/Office Space

      Retail or office space available on Germantown Avenue.
      6761 Germantown Ave, Philadelphia, PA 19119
      View Details
    • $5,500 /Mo
      3,485 SF

      Mayfair Fitness Investment Opportunity

      Turnkey fitness center with real estate in Philadelphia's Mayfair.
      7416 Frankford Ave, Philadelphia, PA 19136
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial space for lease in Philadelphia, Pennsylvania.
    Where is this retail space located?
    The property is located at 417-21 South St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Commercial space available; - Central heating; - Central air conditioning
    (267) 780-3419
    Request Owner's contact information
    417-21 South St Philadelphia, PA 19147
    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.
    417-21 South St
    Philadelphia, PA 19147
    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
    417-21 South St Philadelphia, PA 19147
    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

    We can help!
    Listing Contact
    Jon M O'Shea
    Real Estate License ID: ab069634
    (267) 780-3419
    Learn more
    Google sign-in failed. Please try again or use another login method.