Institutional Mixed-Use
For Sale
$800,000
1300 Spring Garden St, Philadelphia, PA 19123
Two-level commercial property with central air, office accommodations, residential-style areas, and basement support space.
Property Size3,888 SF
Price / SF$205.76
Days on Market129
Property Features for 1300 Spring Garden St
General Information
Standard status
Active
Size
3,888 SF
Property subtype
Business Opportunity
Zoning
CMX-4, YJ0
Building Details
Year Built
1955
Listing Agency:
Keller Williams Real Estate - Newtown
(215) 630-7325
Listed By:
Thomas A. Greer
Source:
Soldbypattie
Added: Apr 24
Changed: Aug 29
Last Checked: Aug 30 at 8:41PM
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 Keller Williams Real Estate - Newtown
Investment Insights
Based on property information with market context.
Located at 1300 Spring Garden Street in Philadelphia, this 3,888-square-foot commercial building offers a configuration suited to administrative, residential-style, and institutional operations. The first level includes three private offices, a living area, full kitchen, dining area, and half bathroom. Upstairs are five rooms and two full bathrooms, while the full basement provides additional storage and support space. Central air is installed.
The property carries CMX-4 commercial mixed-use zoning and a YJ0 institutional land-use designation. The source information identifies support for health care facility and personal care operations, along with broader commercial and mixed-use possibilities. The site measures 20.00 x 99.00, with on-street parking, making the building relevant to service-oriented, nonprofit, institutional, and mixed-use users.
The property carries CMX-4 commercial mixed-use zoning and a YJ0 institutional land-use designation. The source information identifies support for health care facility and personal care operations, along with broader commercial and mixed-use possibilities. The site measures 20.00 x 99.00, with on-street parking, making the building relevant to service-oriented, nonprofit, institutional, and mixed-use users.
Key Highlights
- 3,888‑square‑foot commercial building at 1300 Spring Garden Street
- CMX‑4 zoning with YJ0 institutional land‑use designation
- First floor includes 3 private offices, living area, kitchen, dining space, and half bathroom
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
$61,156
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
7.64%
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%
$1,223,120
$1.2M
Cap Rate 7%
$873,657
$873.7K
Cap Rate 9%
$679,511
$679.5K
Market Conditions
NOI Build-Up for 3,888 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
$118.0K $30.36/SF
− Vacancy
−$6.8K −$1.76/SF
EGI
$111.2K $28.60/SF
− OpEx
−$50.0K −$12.87/SF
NOI
$61.2K $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%
$1,223,120
Cap Rate 7%
$873,657
Cap Rate 9%
$679,511
Alternative Uses
Best Use
Apartment 5plus
$873.7K
$764.5K – $1.02M
NOI $61,156 @ 7.0% cap · market cap 7.64%
Second Best
Mixed Use
$659.8K
$577.4K – $769.8K
NOI $46,189 @ 7.0% cap · market cap 5.77%
Theoretical Best
Multifamily LT 5
$947.8K
$829.4K – $1.11M
NOI $66,348 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial property with central air, office accommodations, residential-style areas, and basement support space.
Where is this mixed-use property located?
The property is located at 1300 Spring Garden St Philadelphia, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,888‑square‑foot commercial building at 1300 Spring Garden Street; CMX‑4 zoning with YJ0 institutional land‑use designation; First floor includes 3 private offices, living area, kitchen, dining space, and half bathroom
