Retail Storefront
For Sale
$675,000
3572 Frankford Ave, Philadelphia, PA 19134
For sale retail storefront property in Philadelphia, PA, offered at $675,000.
Property Size2,675 SF
Price / SF$252.34
Days on Market40
Property Features for 3572 Frankford Ave
General Information
Standard status
Active
Size
2,675 SF
Building Details
Year Built
1910
Listing Agency:
KW Commercial
(215) 627-3500
Listed By:
Andre Watson · License #RS305752
Source:
Kandorre
Added: Jul 21
Changed: Aug 15
Last Checked: Aug 28 at 12:55PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is located at 3572 Frankford Ave in Philadelphia, PA. The offering includes a total size of 2,675 square feet, providing a dedicated street-facing retail space suitable for a variety of storefront needs.
The property is presented as a commercial real estate listing under the storefront and retail property categories, with details centered on the available retail floor area. For buyers and tenant-brokers looking for a storefront format in Philadelphia, this asset offers a straightforward acquisition profile based on the information provided.
Please note that additional details such as current condition, configuration, and income or leasing status are not included in the provided information.
The property is presented as a commercial real estate listing under the storefront and retail property categories, with details centered on the available retail floor area. For buyers and tenant-brokers looking for a storefront format in Philadelphia, this asset offers a straightforward acquisition profile based on the information provided.
Please note that additional details such as current condition, configuration, and income or leasing status are not included in the provided information.
Key Highlights
- Retail storefront property in Philadelphia, PA
- Built in 1910
- Offered for sale at $675,000
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
$30,233
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
4.48%
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%
$604,660
$604.7K
Cap Rate 7%
$431,900
$431.9K
Cap Rate 9%
$335,922
$335.9K
Market Conditions
NOI Build-Up for 2,675 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
$48.2K $18.00/SF
− Vacancy
−$5.0K −$1.85/SF
EGI
$43.2K $16.15/SF
− OpEx
−$13.0K −$4.84/SF
NOI
$30.2K $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 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%
$604,660
Cap Rate 7%
$431,900
Cap Rate 9%
$335,922
Alternative Uses
Best Use
Retail
$431.9K
$377.9K – $503.9K
NOI $30,233 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$652.1K
$570.6K – $760.8K
NOI $45,649 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,917
Businesses Nearby
340k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 33%
Apparel 13%
Electronics 5%
Five Below
Shops & Services
54,152 visits/mo
0.4 miles
Ross Dress for Less
Apparel
30,523 visits/mo
0.4 miles
Wendy's
Dining
26,379 visits/mo
0.4 miles
Taco Bell
Dining
25,016 visits/mo
0.5 miles
Dollar Tree
Shops & Services
22,738 visits/mo
0.4 miles
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront property in Philadelphia, PA, offered at $675,000.
Where is this storefront property located?
The property is located at 3572 Frankford Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Retail storefront property in Philadelphia, PA; Built in 1910; Offered for sale at $675,000
