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    Renovated Commercial Space Near Kensington Title is generated by Realmo AI

    113 E CAMBRIA STREET, Philadelphia, PA 19134

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    For Sale
    $145,000

    Versatile, renovated commercial space suitable for various business ventures.

    Type:Multi Family
    Property size:
    660 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $219/SF
    Added:
    Feb 21, 2025
    Days on Market:
    464
    Last Refresh:
    May 19 at 10:38 pm

    Property Features for 113 E CAMBRIA STREET

    General Information

    Standard status
    Active
    Size
    660 SF
    Lot size
    0.03 Acres
    Property subtype
    Multi Family

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Yashira Zayas

    Listing agent Yashira Zayas License #RS369047

    Listing office Realty Mark Associates

    Listing date Feb 21, 2025

    Source Exitrealty

    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 Realty Mark Associates

    HighLights

    • Prime location near East Kensington, benefiting from the area's transformation and close to public transportation and local shops.
    • Recently renovated and move‑in ready, suitable for immediate use as a barber shop or other retail/office ventures.
    • Versatile layout adaptable to various business types, including office, daycare, spa, or retail.
    • Two floors with separate electrical meters, offering flexibility for multi‑level business operations or a combination of business and residential use.
    • Ample street parking for convenient access for customers and employees.
    • Established history as a successful barber shop (AJ Blades) for over 10 years, presenting a strong investment opportunity.

    Overview

    This renovated commercial space, currently a barber shop, offers an adaptable layout suitable for various business types, including office space, daycare, spa, smoke shop, or clothing store. The property features two floors, each with separate electrical meters, making it suitable for businesses operating on multiple levels or for combining business and residential use. Both floors are well-maintained and move-in ready. Ample street parking is available for customers and staff. The property is located minutes from public transportation, local shops, and the developing East Kensington area. The flexible layout of each floor can accommodate multiple stations or different business uses. The property has been a barber shop for over 10 years, presenting a strong investment opportunity in a thriving area. The property size is 660 square feet.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $14.5k $21.96
    − Vacancy −$2.9k −$4.41
    EGI $11.6k $17.55
    − OpEx −$2.9k −$4.39
    NOI $8.7k $13.16
    660 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $124.1K
    $108.6K – $144.8K (±1% cap)
    NOI $8,685 @ 7.0% cap · market cap 5.99%
    Second Best
    Retail
    $106.6K
    $93.2K – $124.3K (±1% cap)
    NOI $7,459 @ 7.0% cap · market cap 5.14%
    Theoretical Best
    Multifamily LT 5
    $160.9K
    $140.8K – $187.7K (±1% cap)
    NOI $11,263 @ 7.0% cap · market cap 7.77%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    AJ Blades Barber ... Barber Shop

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Showers of Flowers — 2906 n 5th st, philadelphia, pa 19133
    • La Floreria Ochun — 3503 B St Suite 3A, Philadelphia, PA 19134
    • ida josephine floral design — 2817 Helen St, Philadelphia, PA 19134, United States
    • 5th Street Florists — 2830 N 5th St, Philadelphia, PA 19133
    • A London Wreath Co — 2014 E Orleans St, Philadelphia, PA 19134

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1298214
    Latitude
    39.9940065

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    FAQs

    What type of property is this?
    Storefront property - Versatile, renovated commercial space suitable for various business ventures.
    Where is this storefront property located?
    The property is located at 113 E CAMBRIA STREET Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Prime location near East Kensington, benefiting from the area's transformation and close to public transportation and local shops.; Recently renovated and move‑in ready, suitable for immediate use as a barber shop or other retail/office ventures.; Versatile layout adaptable to various business types, including office, daycare, spa, or retail.
    (267) 259-0294
    We can help!
    Listing Contact
    Yashira Zayas
    Real Estate License ID: RS369047
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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