Mixed-Use Building with
For Sale
$589,000
1103 COTTMAN AVENUE, Philadelphia, PA 19111
For sale mixed-use building with a main-floor retail unit and two apartment units.
Property Size2,024 SF
Days on Market87
Property Features for 1103 COTTMAN AVENUE
General Information
Standard status
Active
Size
2,024 SF
Property subtype
MixedUse
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,369
Building Details
Building Size
2,024 SF
Year Built
1953
Listing Agency:
Equity Pennsylvania Real Estate
(267) 716-5932
Listed By:
Monish R Patel · License #RM425589
(267) 716-5932
Source:
Lizclarkrealestate
Added: May 30
Changed: Aug 23
Last Checked: Aug 22 at 12:39PM
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 Equity Pennsylvania Real Estate
Investment Insights
Based on property information with market context.
This for-sale mixed-use building offers a commercial retail unit on the main floor along with two apartment units. The residential units are described as well maintained, making the property a straightforward combination of retail and rental housing.
Located at 1103 Cottman Ave in Philadelphia, PA, the building’s layout supports mixed-use occupancy with retail street-level space paired with two separate residential units.
Located at 1103 Cottman Ave in Philadelphia, PA, the building’s layout supports mixed-use occupancy with retail street-level space paired with two separate residential units.
Key Highlights
- Mixed‑use building for sale with a main‑floor retail commercial unit
- Includes two apartment units in the same building
- Reported rental history
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
$27,324
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
4.64%
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%
$546,480
$546.5K
Cap Rate 7%
$390,343
$390.3K
Cap Rate 9%
$303,600
$303.6K
Market Conditions
NOI Build-Up for 2,024 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
$48.6K $24.00/SF
− Vacancy
−$4.9K −$2.40/SF
EGI
$43.7K $21.60/SF
− OpEx
−$16.4K −$8.10/SF
NOI
$27.3K $13.50/SF
Area
ZIP 19111
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$546,480
Cap Rate 7%
$390,343
Cap Rate 9%
$303,600
Alternative Uses
Best Use
Mixed Use
$390.3K
$341.6K – $455.4K
NOI $27,324 @ 7.0% cap · market cap 4.64%
Second Best
Multifamily LT 5
$388.2K
$339.7K – $452.9K
NOI $27,175 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$613.7K
$537.0K – $715.9K
NOI $42,956 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
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 - For sale mixed-use building with a main-floor retail unit and two apartment units.
Where is this mixed-use property located?
The property is located at 1103 COTTMAN AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Mixed‑use building for sale with a main‑floor retail commercial unit; Includes two apartment units in the same building; Reported rental history
