Corner Mixed-Use
For Sale
$500,000
1012 South 52nd Street, Philadelphia, PA 19143
Existing retail occupancy accompanies unfinished residential units suited for renovation.
Property Size4,488 SF
Days on Market200
Property Features for 1012 South 52nd Street
General Information
Standard status
Active
Size
4,488 SF
Property subtype
Street Retail
Property Condition
Severity
Major Repairs Needed
Evidence
gutted and all the walls are open
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Multifamily Units
6
Building Details
Building Size
4,488 SF
Buildings
1
Tenancy
Multi
Listing Agency:
KW Commercial | Center City
Listed By:
Andre Watson · License #RS305752
(267) 238-5735
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 31
Last Checked: Aug 30 at 9:40AM
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 KW Commercial | Center City
Investment Insights
Based on property information with market context.
This mixed-use corner building combines an occupied retail component with six residential units requiring interior renovation. The residential spaces have been gutted, with walls left open, allowing the next owner to address the unfinished interiors as part of a redevelopment plan. The retail portion is leased to an existing tenant under a term that extends for another three years.
The property stands at 1012 South 52nd Street at Beaumont Avenue in Philadelphia. Its position along a primary artery and at a street corner provides a distinct commercial setting for the retail component, while the residential units add a separate use within the same building. The property is offered for sale with the current retail lease and unfinished residential areas in place.
The property stands at 1012 South 52nd Street at Beaumont Avenue in Philadelphia. Its position along a primary artery and at a street corner provides a distinct commercial setting for the retail component, while the residential units add a separate use within the same building. The property is offered for sale with the current retail lease and unfinished residential areas in place.
Key Highlights
- Mixed‑use building with retail and residential components
- Six residential units have been gutted and remain unfinished
- Existing retail tenant has three years remaining on the lease
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
$43,244
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
8.65%
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%
$864,880
$864.9K
Cap Rate 7%
$617,771
$617.8K
Cap Rate 9%
$480,489
$480.5K
Market Conditions
NOI Build-Up for 4,488 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
$85.1K $18.96/SF
− Vacancy
−$6.5K −$1.44/SF
EGI
$78.6K $17.52/SF
− OpEx
−$35.4K −$7.88/SF
NOI
$43.2K $9.64/SF
Area
ZIP 19143
Vacancy
7.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
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%
$864,880
Cap Rate 7%
$617,771
Cap Rate 9%
$480,489
Alternative Uses
Best Use
Retail
$1.12M
$977.8K – $1.30M
NOI $78,226 @ 7.0% cap · market cap 15.65%
Second Best
Mixed Use
$865.5K
$757.4K – $1.01M
NOI $60,588 @ 7.0% cap · market cap 12.12%
Theoretical Best
Office A
$1.54M
$1.35M – $1.79M
NOI $107,678 @ 7.0% cap · market cap 21.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,732
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing retail occupancy accompanies unfinished residential units suited for renovation.
Where is this mixed-use property located?
The property is located at 1012 South 52nd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Mixed‑use building with retail and residential components; Six residential units have been gutted and remain unfinished; Existing retail tenant has three years remaining on the lease
