Mixed-Use Building with Rooftop
For Sale
$449,900
152 W GIRARD AVENUE 00, Philadelphia, PA 19123
First-floor restaurant space is paired with a one-bedroom apartment above.
Property Size1,500 SF
Days on Market19
Property Features for 152 W GIRARD AVENUE 00
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Mixed Use
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Floor
1
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,038
Amenities
rooftop deck
Building Details
Building Size
1,500 SF
Year Built
1950
Buildings
1
Stories
3
Listing Agency:
American Vista Real Estate
(267) 968-3181
Listed By:
Aleksandar Peev · License #RS250391
(267) 968-3181
Source:
Patmckennarealtors
Added: Jul 30
Changed: Aug 14
Last Checked: Aug 17 at 2:31PM
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 American Vista Real Estate
Investment Insights
Based on property information with market context.
This mixed-use building combines a full commercial restaurant storefront on the first floor with a one-bedroom apartment across the second and third floors. The restaurant space was previously used as a steak and sandwich shop and most recently as a Mexican grill. The apartment includes a second-floor kitchen with granite countertops, full bathroom, living room, and closet area. The third floor offers a bedroom with vaulted ceilings, a custom closet, and access to a rooftop deck overlooking the downtown Philadelphia skyline.
Located on Girard Avenue in Northern Liberties, the property is described as having substantial foot and car traffic, with new construction throughout the surrounding area. Built in 1950, the building requires some cosmetic work. The apartment may support residential occupancy, rental use, or business office use as described in the property information.
Located on Girard Avenue in Northern Liberties, the property is described as having substantial foot and car traffic, with new construction throughout the surrounding area. Built in 1950, the building requires some cosmetic work. The apartment may support residential occupancy, rental use, or business office use as described in the property information.
Key Highlights
- Full commercial restaurant storefront on the first floor
- One‑bedroom apartment spanning the second and third floors
- Second‑floor kitchen with granite countertops and full 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
$21,735
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
4.83%
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%
$434,700
$434.7K
Cap Rate 7%
$310,500
$310.5K
Cap Rate 9%
$241,500
$241.5K
Market Conditions
NOI Build-Up for 1,500 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
$31.5K $21.00/SF
− Vacancy
−$2.5K −$1.68/SF
EGI
$29.0K $19.32/SF
− OpEx
−$7.2K −$4.83/SF
NOI
$21.7K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /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%
$434,700
Cap Rate 7%
$310,500
Cap Rate 9%
$241,500
Alternative Uses
Best Use
Specialty Retail
$310.5K
$271.7K – $362.3K
NOI $21,735 @ 7.0% cap · market cap 4.83%
Second Best
Mixed Use
$254.6K
$222.8K – $297.0K
NOI $17,820 @ 7.0% cap · market cap 3.96%
Theoretical Best
Multifamily LT 5
$365.7K
$320.0K – $426.6K
NOI $25,597 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 26%
Groceries 11%
Electronics 6%
McDonald's
Dining
23,463 visits/mo
0.1 miles
Fine Wine & Good Spirits
Groceries
6,966 visits/mo
0.1 miles
Wells Fargo
Shops & Services
5,966 visits/mo
0.2 miles
Jeni's Splendid Ice Creams
Dining
5,149 visits/mo
0.1 miles
The UPS Store
Shops & Services
4,184 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor restaurant space is paired with a one-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 152 W GIRARD AVENUE 00 Philadelphia, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Full commercial restaurant storefront on the first floor; One‑bedroom apartment spanning the second and third floors; Second‑floor kitchen with granite countertops and full bathroom
