Retail Property on Bustleton
For Sale
$267,000
10184 Bustleton Ave, Philadelphia, PA 19116
Retail property for sale with storefront on Bustleton Avenue.
Property Size1,157 SF
Price / SF$230.77
Days on Market756
Property Features for 10184 Bustleton Ave
General Information
Standard status
Active
Size
1,157 SF
Total Parking Spaces
5
Zoning
CMX1
Taxes and HOA fees
Annual Taxes
$3,577
Amenities
Central, Natural Gas
On Street
Building Details
Building Size
1,157 SF
Year Built
1980
Listing Agency:
Skyline Realtors,LLC
Listed By:
Akmaljon Kholb · License #RS321531
(267) 401-9240
Source:
Evrealestate
Added: Sep 25, 2024
Changed: Oct 16
Last Checked: Oct 19 at 5:33AM
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 Skyline Realtors,LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, located on Bustleton Avenue, is available for sale. The property offers 1157 square feet of space and is suitable for retail or storefront use.
Key Highlights
- Storefront on Bustleton Avenue
- Retail property
- Central heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,077
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,540
$261.5K
Cap Rate 7%
$186,814
$186.8K
Cap Rate 9%
$145,300
$145.3K
Market Conditions
NOI Build-Up for 1,157 SF
Gross rent
$20.8K $18.00/SF
− Vacancy
−$2.1K −$1.85/SF
EGI
$18.7K $16.15/SF
− OpEx
−$5.6K −$4.84/SF
NOI
$13.1K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,540
Cap Rate 7%
$186,814
Cap Rate 9%
$145,300
Alternative Uses
Best Use
Retail
$186.8K
$163.5K – $218.0K
NOI $13,077 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$282.1K
$246.8K – $329.1K
NOI $19,744 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
978
Businesses Nearby
199k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 21%
Groceries 18%
Apparel 4%
Wawa
Shops & Services
39,404 visits/mo
0.3 miles
ACME Markets
Groceries
36,792 visits/mo
0.5 miles
McDonald's
Dining
28,555 visits/mo
0.4 miles
Dollar Tree
Shops & Services
19,106 visits/mo
0.3 miles
Sunoco
Shops & Services
12,672 visits/mo
0.4 miles
Demographics for 19116, PA
35,610
Population
14,166
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,848
Density / Sq Mi
$67,558
Median Household Income
$43,817
Median Earnings
$1,214
Median Rent
$321,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property for sale with storefront on Bustleton Avenue.
Where is this storefront property located?
The property is located at 10184 Bustleton Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $267,000.
What are key features of this property?
This property features: Storefront on Bustleton Avenue; Retail property; Central heating
