Freestanding Storefront
New
For Sale
$699,900
9353-55 OLD BUSTLETON Avenue, Philadelphia, PA 19115
Commercial Sale, PHILADELPHIA, PA
Property Size4,256 SF
Lot Size0.11 Acres
Price / SF$164.45
Days on Market5
Property Features for 9353-55 OLD BUSTLETON Avenue
General Information
Property type
Other
Property subtype
Retail
Parking
12
Parking features
Parking Lot, Driveway
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
8188
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Building Details
Year built
1925
Number of units
4
Building materials
Masonry
Listing Agency:
Keller Williams Real Estate-Montgomeryville · Keller Williams Realty
(215) 631-1900
Listed By:
Umberto Ferraguti · License #AB067613
(267) 784-8276
Added: Sep 30
Last Checked: Oct 4 at 12:06AM
MLS# PAPH2673990
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.
Investment Insights
Based on property information with market context.
This freestanding, two-story storefront property has a multi-unit configuration and several entrances. Masonry construction dates to 1925, and the building is equipped with heat-pump heating and cooling. Parking is available at the rear, with a lot and driveway listed among the property features.
The property is at 9353-55 Old Bustleton Avenue in Philadelphia, near Bustleton Avenue and Welsh Road. It is zoned CA-1, Philadelphia’s Auto-Oriented Commercial district.
The property is at 9353-55 Old Bustleton Avenue in Philadelphia, near Bustleton Avenue and Welsh Road. It is zoned CA-1, Philadelphia’s Auto-Oriented Commercial district.
Key Highlights
- Freestanding, two‑story commercial building
- Multi‑unit configuration with multiple entrances
- Rear parking area, parking lot, and driveway
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,102
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$962,040
$962.0K
Cap Rate 7%
$687,171
$687.2K
Cap Rate 9%
$534,467
$534.5K
Market Conditions
NOI Build-Up for 4,256 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.6K $18.00/SF
− Vacancy
−$7.9K −$1.85/SF
EGI
$68.7K $16.15/SF
− OpEx
−$20.6K −$4.84/SF
NOI
$48.1K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$962,040
Cap Rate 7%
$687,171
Cap Rate 9%
$534,467
Alternative Uses
Best Use
Retail
$687.2K
$601.3K – $801.7K
NOI $48,102 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.04M
$907.9K – $1.21M
NOI $72,628 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,636
Businesses Nearby
191k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 38%
Leisure 13%
Hotels & Casinos 2%
Bank of America
Shops & Services
25,452 visits/mo
0.2 miles
Regal UA
Leisure
25,087 visits/mo
0.4 miles
Olive Garden
Dining
18,569 visits/mo
0.4 miles
Applebee's
Dining
15,886 visits/mo
0.5 miles
Dollar Tree
Shops & Services
13,777 visits/mo
0.3 miles
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - A two-story layout with multiple entrances and a rear parking area supports flexible commercial occupancy.
Where is this storefront property located?
The property is located at 9353-55 OLD BUSTLETON Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Freestanding, two‑story commercial building; Multi‑unit configuration with multiple entrances; Rear parking area, parking lot, and driveway
