Mixed-Use Building with 4
For Sale
$800,000
4032 W Girard Ave, Philadelphia, PA 19104
Ground-floor commercial space supports a residential configuration spanning the two upper levels.
Property Size3,756 SF
Price / SF$212.99
Days on Market33
Property Features for 4032 W Girard Ave
General Information
Standard status
Active
Size
3,756 SF
Zoning
CMX2
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Building Details
Year Built
1915
Buildings
1
Stories
3
Listing Agency:
Springer Realty Group
Listed By:
Jermaine Maurice Glover · License #RS375330
(484) 498-4000
Source:
Teamgaddy
Added: Aug 1
Changed: Aug 29
Last Checked: Sep 1 at 10:57PM
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 Springer Realty Group
Investment Insights
Based on property information with market context.
This mixed-use property contains 3,756 square feet across a ground-floor commercial area and four one-bedroom apartments on the second and third floors. The residential units create a clear separation between the commercial and apartment components within the building.
Built in 1915, the property is zoned CMX2 and located at 4032 W Girard Ave in Philadelphia. The Philadelphia Zoo is located blocks away, providing a nearby landmark within the surrounding area.
Built in 1915, the property is zoned CMX2 and located at 4032 W Girard Ave in Philadelphia. The Philadelphia Zoo is located blocks away, providing a nearby landmark within the surrounding area.
Key Highlights
- 3,756‑square‑foot mixed‑use property
- Ground‑floor commercial space
- Four one‑bedroom apartments on the second and third floors
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
$64,096
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
8.01%
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%
$1,281,920
$1.3M
Cap Rate 7%
$915,657
$915.7K
Cap Rate 9%
$712,178
$712.2K
Market Conditions
NOI Build-Up for 3,756 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
$96.9K $25.80/SF
− Vacancy
−$5.3K −$1.42/SF
EGI
$91.6K $24.38/SF
− OpEx
−$27.5K −$7.31/SF
NOI
$64.1K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /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%
$1,281,920
Cap Rate 7%
$915,657
Cap Rate 9%
$712,178
Alternative Uses
Best Use
Multifamily LT 5
$915.7K
$801.2K – $1.07M
NOI $64,096 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$844.0K
$738.5K – $984.7K
NOI $59,080 @ 7.0% cap · market cap 7.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space supports a residential configuration spanning the two upper levels.
Where is this mixed-use property located?
The property is located at 4032 W Girard Ave 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: 3,756‑square‑foot mixed‑use property; Ground‑floor commercial space; Four one‑bedroom apartments on the second and third floors
