Add Listing
    For Sale
    • 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

    5805-11 E Wister St Philadelphia, PA 19138

    Sponsored
    Picture of Residential land & home lots at E Wister St 5805-11, Philadelphia, PA
    For Sale
    $399,000

    LAND - PHILADELPHIA, PA

    Lot size:
    0.14 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 4 at 12:06 am

    Property Features for 5805-11 E Wister St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.14 Acres

    We can help!

    Listing Contact
    Gazi Ataseven

    Revo Realty Group, LLC (610) 574-7224

    Listing agent Gazi Ataseven (267) 774-6886 License #RM426020

    Listing date Mar 2, 2026

    MLS# PAPH2586652 Listing URL

    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

    Development Opportunity Near La Salle

    This is a prime development opportunity to construct an 18-unit residential building on a vacant lot of nearly 6,000 square feet. The property is ideally located near La Salle University. Approved plans and permits are included, and the site is shovel-ready with MEP, enabling immediate construction. The location is within walking distance of the university's main campus and directly behind a shopping center. Public transportation is nearby, providing convenient access to amenities. The approved unit mix includes 8 units with 2 bedrooms and 2 bathrooms, and 10 large 1-bedroom, 1-bathroom units. The designed floor plans aim to maximize efficiency and rental appeal. The projected rental income is approximately $30,000 per month. This is suited for developers or investors seeking a turnkey development project in a high-demand, university-adjacent location. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1584
    Latitude
    40.04075

    Nearby Similar for Sale

    • New
      $600,000
      1,576 SF

      Mixed-Use Property in Philadelphia

      Corner property with commercial space and two residential units.
      2501 Carpenter St, Philadelphia, PA 19146
      View Details
    • $699,900
      2,865 SF

      Fairmount Mixed-Use Investment Opportunity

      Income-producing property with commercial space and two apartments in Philadelphia.
      2840 W Girard Ave, Philadelphia, PA 19130
      View Details
    • $335,000
      975 SF

      Fishtown Corner Storefront Duplexes

      Mixed-use property with retail and residential income potential.
      2621 Sepviva St, Philadelphia, PA 19125
      View Details
    • $430,000
      1,258 SF

      Philadelphia Commercial Retail/Medical Property

      Commercial retail or medical property for sale in Philadelphia.
      3150 Willits Rd, Philadelphia, PA 19136
      View Details
    • $450,000
      2,466 SF

      Mixed-Use Triplex Near Temple University

      Value-add triplex with commercial space and residential units.
      1808 W Susquehanna Ave, Philadelphia, PA 19121
      View Details
    • $370,000
      3,306 SF

      Renovated Mixed-Use Commercial Property

      Luxurious, renovated 3-story mixed-use property in Philadelphia.
      2752 Germantown Ave, Philadelphia, PA 19133
      View Details
    • $550,000
      3,084 SF

      Mixed-Use Triplex on Girard Avenue

      Mixed-use property with commercial and residential units, income potential.
      2804 W Girard Ave, Philadelphia, PA 19130
      View Details
    • $900,000
      800 SF

      Frankford Avenue Commercial Package Sale

      Three adjacent properties on Frankford Avenue, ideal for redevelopment.
      2607 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $399,000
      3,441 SF

      Philadelphia Commercial Building on Allegheny

      Three-story corner building on Allegheny Avenue, suitable for commercial or multi-family use.
      2711-13 E Allegheny Ave, Philadelphia, PA 19134
      View Details
    • $449,999
      1,600 SF

      Corner Store with Income Potential

      High-visibility corner property with store and residential unit.
      425 E Allegheny Ave, Philadelphia, PA 19134
      View Details
    • $900,000
      1,629 SF

      Frankford Avenue Mixed-Use Investment Opportunity

      Three adjacent properties for sale in East Kensington, Philadelphia.
      2603 Frankford Ave, Philadelphia, PA 19125
      View Details
    • New
      $685,000
      0.07 Acres

      University City Commercial Corner Property

      Two-story commercial building in prime University City location.
      4147 Woodland Ave, Philadelphia, PA 19104
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Approved 18-unit project near La Salle University.
    Where is this residential land & home lot located?
    The property is located at 5805-11 E Wister St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Approved 18-unit residential development project near La Salle University.; - Shovel-ready with approved plans, permits, and MEP, allowing immediate construction.; - Strategically located walking distance to La Salle University and near amenities/public transportation.
    (267) 323-4884
    Request Owner's contact information
    5805-11 E Wister St Philadelphia, PA 19138
    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.
    5805-11 E Wister St
    Philadelphia, PA 19138
    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
    5805-11 E Wister St Philadelphia, PA 19138
    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
    Gazi Ataseven
    Real Estate License ID: RM426020
    (267) 323-4884 (215) 604-1191 (267) 774-6886
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!