Two-Story Grocery and Convenience
For Sale
$270,000
5610 N 5th St, Philadelphia, PA 19120
Includes deli and grocery operations along with a liquor license; inventory is excluded.
Property Size2,260 SF
Price / SF$119.47
Days on Market981
Property Features for 5610 N 5th St
General Information
Standard status
Active
Size
2,260 SF
Property subtype
Commercial
Building Details
Year Built
1935
Listing Agency:
Realty Mark Cityscape-Huntingdon Valley
Listed By:
Chuck K Kim · License #RS280833
(215) 583-7777
Source:
Baltimoreharfordhomesforsale
Added: Dec 29, 2023
Changed: Sep 1
Last Checked: Sep 5 at 8:37AM
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 Realty Mark Cityscape-Huntingdon Valley
Investment Insights
Based on property information with market context.
This 2,260-square-foot, two-story commercial building contains deli and grocery uses, with both included in the sale. A liquor license is also part of the offering, while inventory is excluded.
Constructed in 1935, the property is located at 5610 N 5th St in Philadelphia, Pennsylvania 19120.
Constructed in 1935, the property is located at 5610 N 5th St in Philadelphia, Pennsylvania 19120.
Key Highlights
- 2,260‑square‑foot commercial building
- Two‑story layout with deli and grocery uses
- Deli and grocery businesses included in the sale
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
$22,455
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
8.32%
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%
$449,100
$449.1K
Cap Rate 7%
$320,786
$320.8K
Cap Rate 9%
$249,500
$249.5K
Market Conditions
NOI Build-Up for 2,260 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
$32.5K $14.40/SF
− Vacancy
−$2.6K −$1.15/SF
EGI
$29.9K $13.25/SF
− OpEx
−$7.5K −$3.31/SF
NOI
$22.5K $9.94/SF
Area
ZIP 19120
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$449,100
Cap Rate 7%
$320,786
Cap Rate 9%
$249,500
Alternative Uses
Best Use
Specialty Retail
$320.8K
$280.7K – $374.3K
NOI $22,455 @ 7.0% cap · market cap 8.32%
Second Best
Retail
$277.3K
$242.7K – $323.6K
NOI $19,413 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$539.9K
$472.4K – $629.9K
NOI $37,791 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,555
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
Dunkin' Donuts
Dining
10,315 visits/mo
0.3 miles
Sunoco
Shops & Services
8,349 visits/mo
0.3 miles
PNC Bank
Shops & Services
3,994 visits/mo
0.2 miles
Spencer's
Shops & Services
2,210 visits/mo
0.5 miles
Ace Cash Express
Shops & Services
1,506 visits/mo
0.2 miles
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Similar Off Market Nearby
- Supermarket hispano — 5017 N 5th St, Philadelphia, PA 19120
- Olney Supermarket — 5011-15 N 5th St, Philadelphia, PA 19120
- 7 Brothers Supermarket — 180 W Duncannon Ave, Philadelphia, PA 19120
- C & L Supermarket — 5421 N 5th St, Philadelphia, PA 19120
- Thank God Grocery Store — 420 W Olney Ave, Philadelphia, PA 19120
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Includes deli and grocery operations along with a liquor license; inventory is excluded.
Where is this grocery and convenience store located?
The property is located at 5610 N 5th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 2,260‑square‑foot commercial building; Two‑story layout with deli and grocery uses; Deli and grocery businesses included in the sale
