Corner Mixed-Use Investment
For Sale
$1,200,000
1200 5TH STREET, Philadelphia, PA 19122
Two vacant commercial units and three self-contained apartments, with apartment renovations completed in 2017 and partial tax abatement remaining.
Property Size4,220 SF
Price / SF$284.36
Days on Market690
Property Features for 1200 5TH STREET
General Information
Standard status
Active
Size
4,220 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,114
Amenities
Central Air, Wall Air Conditioning
3
Parking.
On Street.
20.00 x 78.00
Building Details
Year Built
1925
Year Renovated
2017
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Nadia Bilynsky · License #RS311101
(215) 413-4900
Source:
Xome
Added: Oct 9, 2024
Changed: Aug 25
Last Checked: Aug 29 at 7:48AM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This corner mixed-use property includes two separate commercial spaces and three self-contained apartments. One of the ground-floor commercial spaces was formerly used as a diner/restaurant and is currently vacant. The second commercial space is also vacant, and both spaces are currently marketed for lease.
The three apartments were renovated in 2017, with new kitchens featuring quartz countertops and stainless steel appliances, white cabinetry, engineered hardwood flooring, and four-piece tile baths. Each unit includes in-unit laundry and benefits from natural light.
The property has two years remaining on a partial tax abatement, which may be of interest to investors and owner-users considering a mixed-use redevelopment or repositioning strategy. The site is located along Girard Avenue’s commercial corridor at 1200 N 5th St, Philadelphia, PA 19122.
The three apartments were renovated in 2017, with new kitchens featuring quartz countertops and stainless steel appliances, white cabinetry, engineered hardwood flooring, and four-piece tile baths. Each unit includes in-unit laundry and benefits from natural light.
The property has two years remaining on a partial tax abatement, which may be of interest to investors and owner-users considering a mixed-use redevelopment or repositioning strategy. The site is located along Girard Avenue’s commercial corridor at 1200 N 5th St, Philadelphia, PA 19122.
Key Highlights
- Corner mixed‑use property with 2 commercial spaces and 3 apartments at 1200 N 5th St.
- Both commercial units are currently vacant and marketed for lease.
- Corner commercial unit is a former diner/restaurant, currently vacant and suited for an owner‑user.
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
$72,014
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
6.00%
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%
$1,440,280
$1.4M
Cap Rate 7%
$1,028,771
$1.0M
Cap Rate 9%
$800,156
$800.2K
Market Conditions
NOI Build-Up for 4,220 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
$108.9K $25.80/SF
− Vacancy
−$6.0K −$1.42/SF
EGI
$102.9K $24.38/SF
− OpEx
−$30.9K −$7.31/SF
NOI
$72.0K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /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%
$1,440,280
Cap Rate 7%
$1,028,771
Cap Rate 9%
$800,156
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$900.2K – $1.20M
NOI $72,014 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$948.3K
$829.7K – $1.11M
NOI $66,379 @ 7.0% cap · market cap 5.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4,041
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two vacant commercial units and three self-contained apartments, with apartment renovations completed in 2017 and partial tax abatement remaining.
Where is this mixed-use property located?
The property is located at 1200 5TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Corner mixed‑use property with 2 commercial spaces and 3 apartments at 1200 N 5th St.; Both commercial units are currently vacant and marketed for lease.; Corner commercial unit is a former diner/restaurant, currently vacant and suited for an owner‑user.
