Corner Mixed-Use
For Sale
$999,000
1200 South Street, Philadelphia, PA 19147
Commercial and residential spaces are paired with an adjoining two-story house and CMX2 zoning.
Property Size3,000 SF
Price / SF$333
Days on Market197
Property Features for 1200 South Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$7,133
Amenities
No
Dishwasher, Dryer, Refrigerator, Stove, Washer, Built-In Microwave
https://vimeo.com/1039005696
No Pool
Above Grade, Below Grade
Sidewalks, Street Lights
Building Details
Year Built
1915
Buildings
2
Tenancy
Multi
Listing Agency:
Solo Real Estate, Inc.
Listed By:
Deborah E Solo · License #rm424610
(215) 564-7656
Source:
Compass
Added: Feb 19
Changed: Aug 30
Last Checked: Aug 30 at 2:28PM
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 Solo Real Estate, Inc.
Investment Insights
Based on property information with market context.
The property combines a three-story corner building at 1200 South Street with the adjacent two-story house at 600 S 12. The main building includes an approximately 650-square-foot first-floor commercial space with a handicapped-accessible powder room, basement access, and a separate entrance to the residential floors above. The second and third floors provide three bedrooms, updated kitchen and bath areas, a living room, and a washer/dryer closet. The commercial unit is subject to a five-year lease.
The adjoining house offers a vestibule, living room, dining room, powder room, kitchen, small exterior patio, three bedrooms, a hall bath, and a basement with mechanical systems and storage. The property is zoned CMX2, includes sidewalk and street-light features, and was built in 1915. Exterior improvements include a new stucco front on the upper floors of 1200 South Street and repainting at the first-floor level.
The adjoining house offers a vestibule, living room, dining room, powder room, kitchen, small exterior patio, three bedrooms, a hall bath, and a basement with mechanical systems and storage. The property is zoned CMX2, includes sidewalk and street-light features, and was built in 1915. Exterior improvements include a new stucco front on the upper floors of 1200 South Street and repainting at the first-floor level.
Key Highlights
- Three‑story corner building at 1200 South Street
- Adjacent two‑story house at 600 S 12
- Approximately 650 square feet of first‑floor commercial space
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
$47,189
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
4.72%
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%
$943,780
$943.8K
Cap Rate 7%
$674,129
$674.1K
Cap Rate 9%
$524,322
$524.3K
Market Conditions
NOI Build-Up for 3,000 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
$91.1K $30.36/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$85.8K $28.60/SF
− OpEx
−$38.6K −$12.87/SF
NOI
$47.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /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%
$943,780
Cap Rate 7%
$674,129
Cap Rate 9%
$524,322
Alternative Uses
Best Use
Apartment 5plus
$674.1K
$589.9K – $786.5K
NOI $47,189 @ 7.0% cap · market cap 4.72%
Second Best
Mixed Use
$509.1K
$445.5K – $594.0K
NOI $35,640 @ 7.0% cap · market cap 3.57%
Theoretical Best
Multifamily LT 5
$731.4K
$639.9K – $853.3K
NOI $51,195 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
18,959
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential spaces are paired with an adjoining two-story house and CMX2 zoning.
Where is this mixed-use property located?
The property is located at 1200 South Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑story corner building at 1200 South Street; Adjacent two‑story house at 600 S 12; Approximately 650 square feet of first‑floor commercial space
