Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    911-913 S 9Th St, Unit FIRST Philadelphia, PA 19147

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    C-2 zoned retail space in Philadelphia's Italian Market.

    Lot size:
    0.01 Acres

    Property Features for 911-913 S 9Th St

    General Information

    Standard status
    Active
    Lot size
    0.01 Acres

    Building Details

    Year built
    1915

    We can help!

    Listing Contact
    Carrie Zhao
    Source: Exitrealty

    Listing Agency: GE21 Realty Listing Agent: Carrie Zhao

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Italian Market Retail Space Available

    Located on the first floor of 911-913 S 9th Street in Philadelphia's Italian Market, this C-2 zoned property is available for rent. Previously used as a convenience store, the space is suitable for a grocery store or other retail businesses. The property consists of two connected units, creating an open store layout. It includes two full basements for additional storage, a full bathroom, and a rear yard. The front area is suitable for displays. The property can be divided to create smaller store spaces if needed. The space is currently vacant.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Similar Places Nearby

    El Paisano Supermarket #1, Paisa Supermarket, First Oriental Market Inc, Italian Market, ACME Markets

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.157745
    Latitude
    39.9386

    Nearby Similar for Lease

    • $6,000 /Mo
      34,848 SF

      Turn-Key Restaurant Opportunity in Philadelphia

      Restaurant space in mixed-use building near Temple University.
      1000 Diamond St, Philadelphia, PA 19122
      View Details
    • New
      $4,750 /Mo
      1,821 SF

      Bi-level Retail/Office Space Available

      Bi-level and upper floor office spaces for lease in Philadelphia.
      215 Church St, Philadelphia, PA 19106
      View Details
    • $1,350 /Mo

      Professional Office Space Available

      Well-maintained office space in a convenient Philadelphia location.
      10065-67 Sandmeyer Ln, Philadelphia, PA 19116
      View Details
    • New
      $4,500 /Mo
      9,274 SF

      Prime Commercial Building on Broad

      Two-story commercial building on Broad Street available for lease.
      2520-22 N Broad St, Philadelphia, PA 19132
      View Details
    • $2,500 /Mo
      11,761 SF

      Turn-Key Cafe Space in Philadelphia

      Cafe space in luxury apartment building in Old City.
      416 Vine Street Expy, Philadelphia, PA 19106
      View Details
    • $7,917 /Mo
      1,742 SF

      Fishtown Commercial Property with Rooftop

      Versatile commercial space in Fishtown with customizable features.
      1140 Frankford Ave, Philadelphia, PA 19125
      View Details
    • New
      $1,350 /Mo
      3,049 SF

      Turn-Key Loft in Broad Street

      Versatile 840 SF space ideal for various business uses.
      1903-5 S Broad St, Philadelphia, PA 19148
      View Details
    • $2,350 /Mo
      1,307 SF

      Retail/Office Space in Philadelphia

      Ground floor retail/office space in a growing Philadelphia neighborhood.
      2737 W Girard Ave, Philadelphia, PA 19130
      View Details
    • Contact for pricing
      1,307 SF

      Northern Liberties Retail Space Available

      Ground floor retail space in Northern Liberties available for lease.
      990 N 2Nd St, Philadelphia, PA 19123
      View Details
    • New
      $2,700 /Mo
      2,056 SF

      Germantown Office Space For Lease

      Prime Germantown office space, versatile and accessible location.
      5819 Germantown Ave, Philadelphia, PA 19144
      View Details
    • $7,000 /Mo
      3,920 SF

      Renovated Professional Space in Philadelphia

      Turn-key commercial space ideal for medical, professional, or educational use.
      6713-15 Ogontz Ave, Philadelphia, PA 19126
      View Details
    • New
      $895 /Mo
      873,814 SF

      Wynnefield Heights Commercial Unit

      Open commercial unit in a busy shopping complex.
      3901 Conshohocken Ave, Philadelphia, PA 19131
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - C-2 zoned retail space in Philadelphia's Italian Market.
    Where is this grocery and convenience store located?
    The property is located at 911-913 S 9Th St, Unit FIRST Philadelphia, PA.
    What are key features of this property?
    This property features: - C-2 Zoned Location in the Italian Market: Ideal for grocery store or retail.; - Two Connected Properties: Open store layout with potential for division.; - Two Full Basements: Provides ample extra storage space.
    (267) 534-4515
    Request Owner's contact information
    911-913 S 9Th St, Unit FIRST Philadelphia, PA 19147
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    911-913 S 9Th St, Unit FIRST
    Philadelphia, PA 19147
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    911-913 S 9Th St, Unit FIRST Philadelphia, PA 19147
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carrie Zhao
    Real Estate License ID: AB067107
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!