Five-Story Mixed-Use
For Sale
$1,900,000
153-59 W JEFFERSON ST, Philadelphia, PA 19122
Historic industrial space with a courtyard, RSA-5 zoning, and a documented precedent for six residential units.
Property Size14,750 SF
Lot Size0.15 Acres
Price / SF$128.81
Days on Market41
Property Features for 153-59 W JEFFERSON ST
General Information
Standard status
Active
Size
14,750 SF
Lot size
0.15 Acres
Property subtype
Multi-Family
Zoning
RSA-5
Additional Details
Asking Price
$2,890,000
Building Details
Buildings
1
Stories
5
Building Size
14,750 SF
Listing Agency:
TCS Management, LLC
(215) 431-5652
Listed By:
Alex C Prince · License #RS322309
(215) 431-5652
Source:
360
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 28 at 12:59PM
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 TCS Management, LLC
Investment Insights
Based on property information with market context.
This five-story property is a historic industrial building with 14,750 SF of interior area on a 6,574 SF lot. A large courtyard adds open-air space, while the building’s original industrial identity and architectural character support consideration of a substantial repositioning or reuse plan. The property formerly operated as a coffin factory.
Located at 153–59 W Jefferson St in Philadelphia, the site is currently zoned RSA-5. Any multifamily or mixed-use redevelopment would require a variance. Six prior residential units provide an established precedent relevant to future planning discussions. The building is classified as a mixed-use property and presents a sizable urban structure with existing historic character and a distinctive courtyard configuration.
Located at 153–59 W Jefferson St in Philadelphia, the site is currently zoned RSA-5. Any multifamily or mixed-use redevelopment would require a variance. Six prior residential units provide an established precedent relevant to future planning discussions. The building is classified as a mixed-use property and presents a sizable urban structure with existing historic character and a distinctive courtyard configuration.
Key Highlights
- 14,750 SF five‑story building on a 6,574 SF lot
- Large courtyard included with the property
- Historic industrial building with distinctive architectural character
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
$108,289
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
5.70%
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%
$2,165,780
$2.2M
Cap Rate 7%
$1,546,986
$1.5M
Cap Rate 9%
$1,203,211
$1.2M
Market Conditions
NOI Build-Up for 14,750 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
$168.2K $11.40/SF
− Vacancy
−$13.5K −$0.91/SF
EGI
$154.7K $10.49/SF
− OpEx
−$46.4K −$3.15/SF
NOI
$108.3K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /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%
$2,165,780
Cap Rate 7%
$1,546,986
Cap Rate 9%
$1,203,211
Alternative Uses
Best Use
Office B
$2.77M
$2.43M – $3.24M
NOI $194,103 @ 7.0% cap · market cap 10.22%
Second Best
Mixed Use
$2.50M
$2.19M – $2.92M
NOI $175,230 @ 7.0% cap · market cap 9.22%
Theoretical Best
Multifamily LT 5
$3.60M
$3.15M – $4.20M
NOI $251,707 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic industrial space with a courtyard, RSA-5 zoning, and a documented precedent for six residential units.
Where is this mixed-use property located?
The property is located at 153-59 W JEFFERSON ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 14,750 SF five‑story building on a 6,574 SF lot; Large courtyard included with the property; Historic industrial building with distinctive architectural character
