Open-Plan Retail
New
For Sale
Contact for pricing
1000 DIAMOND STREET #116, Philadelphia, PA 19122
The interior combines a private office and wet bar with high ceilings and room for a tailored layout.
Property Size1,442 SF
Price / SF$1.73
Days on Market4
Property Features for 1000 DIAMOND STREET #116
General Information
Standard status
Active
Size
1,442 SF
Property subtype
Commercial
Building Details
Year Built
2012
Listing Agency:
Century 21 Integra - Newtown
(267) 352-8000
Listed By:
Ashley Butts · License #356824
(215) 869-9900
Source:
Cummingsrealtors
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Integra - Newtown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,442-square-foot retail space at 1000 Diamond Street, Suite 116, has a broad open interior, high ceilings, a private office, and a wet bar. The property was built in 2012 and previously operated as an event space.
The suite is located within a residential building containing 92 apartments in Philadelphia. Its open configuration offers flexibility for a future layout, subject to applicable approvals and verification of permitted uses.
The suite is located within a residential building containing 92 apartments in Philadelphia. Its open configuration offers flexibility for a future layout, subject to applicable approvals and verification of permitted uses.
Key Highlights
- 1,442 SF of open retail space
- Located in a residential building with 92 apartments
- High ceilings, private office, and wet bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,298
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,960
$326.0K
Cap Rate 7%
$232,829
$232.8K
Cap Rate 9%
$181,089
$181.1K
Market Conditions
NOI Build-Up for 1,442 SF
Gross rent
$26.0K $18.00/SF
− Vacancy
−$2.7K −$1.85/SF
EGI
$23.3K $16.15/SF
− OpEx
−$7.0K −$4.84/SF
NOI
$16.3K $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 Rate 5%
$325,960
Cap Rate 7%
$232,829
Cap Rate 9%
$181,089
Alternative Uses
Best Use
Office B
$271.1K
$237.2K – $316.3K
NOI $18,976 @ 7.0% cap · market cap 759.04%
Second Best
Retail
$232.8K
$203.7K – $271.6K
NOI $16,298 @ 7.0% cap · market cap 651.92%
Theoretical Best
Multifamily LT 5
$351.5K
$307.6K – $410.1K
NOI $24,608 @ 7.0% cap · market cap 984.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - The interior combines a private office and wet bar with high ceilings and room for a tailored layout.
Where is this retail space located?
The property is located at 1000 DIAMOND STREET #116 Philadelphia, PA.
What are key features of this property?
This property features: 1,442 SF of open retail space; Located in a residential building with 92 apartments; High ceilings, private office, and wet bar
