Building Details

Building Size 1,853 SF

Year Built 1915

Listing Agency: Keller Williams Main Line

Listed By: Sam A Akif · License #RS331003 Show Phone

Source: Patmckennarealtors

Added: Feb 26 Changed: Oct 6 Last Checked: Oct 16 at 4:24PM

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Investment Insights

Based on property information with market context.

This Point Breeze development site includes approved plans and permits for a modern mixed-use building. The proposed project combines six residential units with commercial space at street level, creating a vertical blend of housing and retail or other commercial activity within one building.

Located at 1437 Point Breeze Avenue in Philadelphia, the property is positioned in South Philadelphia with access to Center City, public transit, nearby cafes, and parks. The site’s planned configuration provides a clear framework for a developer seeking to advance a permitted mixed-use project in an established urban setting.

Key Highlights

• Approved plans and permits for a modern mixed‑use building
• Planned six‑unit residential component
• Ground‑floor commercial space included in the proposed building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,147

Cap Rate

8.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$582,940 $582.9K

Cap Rate 7%

$416,386 $416.4K

Cap Rate 9%

$323,856 $323.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,853 SF

Gross rent

$56.3K $30.36/SF

− Vacancy

−$3.3K −$1.76/SF

EGI

$53.0K $28.60/SF

− OpEx

−$23.8K −$12.87/SF

NOI

$29.1K $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 Rate 5%

$582,940

Cap Rate 7%

$416,386

Cap Rate 9%

$323,856

Alternative Uses

Best Use

Apartment 5plus

$416.4K

$364.3K – $485.8K (±1% cap)

NOI $29,147 @ 7.0% cap · market cap 8.57%

Second Best

Mixed Use

$314.5K

$275.2K – $366.9K (±1% cap)

NOI $22,014 @ 7.0% cap · market cap 6.47%

Theoretical Best

Multifamily LT 5

$451.7K

$395.3K – $527.0K (±1% cap)

NOI $31,621 @ 7.0% cap · market cap 9.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Law Firm Electrical Service Nursing Home Tech Support Center HVAC Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,586

Businesses Nearby

Explore this area Business Placement

Demographics for 19146, PA

41,920

Population

22,182

Households

1.9

Avg Household Size

34

Median Age

65%

College-Educated

94%

High-School Grad

1.7 sq mi

ZIP Area

24,659

Density / Sq Mi

$99,702

Median Household Income

$68,849

Median Earnings

$1,708

Median Rent

$452,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Approved plans and permits support residential and ground-floor commercial development.

Where is this mixed-use property located?

The property is located at 1437 POINT BREEZE AVENUE Philadelphia, PA.

What is the asking price?

The asking price for this property is $340,000.

What are key features of this property?

This property features: Approved plans and permits for a modern mixed‑use building; Planned six‑unit residential component; Ground‑floor commercial space included in the proposed building