Renovated Mixed-Use
For Sale
Contact for pricing
1400-1414 S Darien St, Philadelphia, PA 19147
RSA-5 property combining renovated residential units with multiple commercial spaces near East Passyunk Avenue.
Property Size25,400 SF
Price / SF$167.32
Days on Market81
Property Features for 1400-1414 S Darien St
General Information
Standard status
Active
Size
25,400 SF
Class
B
Property subtype
Mixed Use
Zoning
RSA-5
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$247,132
Additional Details
Gross Income
$339,600
Corner Location
Yes
Multifamily Units
7
Building Details
Year Built
1990
Year Renovated
2016
Stories
3
Units
12
Tenancy
Multi
Listing Agency:
SDG Real Estate
Listed By:
Shawn Witter · License #PA 326040
Source:
Crexi
Added: Jun 15
Changed: Sep 2
Last Checked: Sep 2 at 3:52AM
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 SDG Real Estate
Investment Insights
Based on property information with market context.
This 25,400-square-foot mixed-use property, built in 1990, combines a renovated residential component with commercial space. The residential portion includes 7 units, while the commercial component consists of 10 spaces occupied by 5 commercial tenants. The property is zoned RSA-5.
The asset is located at 1400-1414 S Darien St in Philadelphia, three blocks from the Italian Market and just steps from East Passyunk Avenue. Its corner positioning and proximity to these established destinations place the property within a walkable commercial and residential setting.
The asset is located at 1400-1414 S Darien St in Philadelphia, three blocks from the Italian Market and just steps from East Passyunk Avenue. Its corner positioning and proximity to these established destinations place the property within a walkable commercial and residential setting.
Key Highlights
- 7 renovated residential units
- 10 commercial spaces occupied by 5 commercial tenants
- 25,400‑square‑foot mixed‑use property
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
$301,752
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
7.10%
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%
$6,035,040
$6.0M
Cap Rate 7%
$4,310,743
$4.3M
Cap Rate 9%
$3,352,800
$3.4M
Market Conditions
NOI Build-Up for 25,400 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
$548.6K $21.60/SF
− Vacancy
−$65.8K −$2.59/SF
EGI
$482.8K $19.01/SF
− OpEx
−$181.1K −$7.13/SF
NOI
$301.8K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$6,035,040
Cap Rate 7%
$4,310,743
Cap Rate 9%
$3,352,800
Alternative Uses
Best Use
Apartment 5plus
$5.71M
$4.99M – $6.66M
NOI $399,530 @ 7.0% cap · market cap 9.40%
Second Best
Mixed Use
$4.31M
$3.77M – $5.03M
NOI $301,752 @ 7.0% cap · market cap 7.10%
Theoretical Best
Multifamily LT 5
$6.19M
$5.42M – $7.22M
NOI $433,448 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
4,201
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
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 - RSA-5 property combining renovated residential units with multiple commercial spaces near East Passyunk Avenue.
Where is this mixed-use property located?
The property is located at 1400-1414 S Darien St Philadelphia, PA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 7 renovated residential units; 10 commercial spaces occupied by 5 commercial tenants; 25,400‑square‑foot mixed‑use property
