16-Unit Office Property with Side-Yard
For Sale
Contact for pricing
1537-39 DEAL ST, Philadelphia, PA 19124
16-unit office property on a 4,155 SF lot with a side-yard entrance and common area kitchen and bathrooms.
Property Size6,000 SF
Lot Size0.10 Acres
Price / SF$83.33
Days on Market8
Property Features for 1537-39 DEAL ST
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.10 Acres
Property subtype
Retail
Additional Details
Office Units
16
Amenities
common area kitchen
common area bathrooms
side-yard entrance
Building Details
Year Built
1935
Building Size
6,000 SF
Listing Agency:
LPT Realty, LLC
(215) 607-3523
Listed By:
Maria Elena Quattrone · License #RB069792
Source:
Crexi
Added: Jul 24
Changed: Jul 29
Last Checked: Jul 30 at 6:34AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This 16-unit office property includes common area kitchen and three common area bathrooms. The property sits on a 4,155 Sq Ft lot and offers approximately 6,000+ Sq Ft of building space. Built in 1935, it includes a side-yard entrance that provides added accessibility for day-to-day use.
The building was previously rented as an artist studio, which may be of interest to buyers considering owner-user or investor use focused on long-term occupancy.
With its 16-unit configuration and accessible side-yard entry, this property is positioned for buyers seeking a multi-unit office setup with shared common amenities.
The building was previously rented as an artist studio, which may be of interest to buyers considering owner-user or investor use focused on long-term occupancy.
With its 16-unit configuration and accessible side-yard entry, this property is positioned for buyers seeking a multi-unit office setup with shared common amenities.
Key Highlights
- 16‑unit commercial office property with common area kitchen
- 3 common area bathrooms
- Side‑yard entrance provides added accessibility
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.4k | $11.40 |
| − Vacancy | −$5.5k | −$0.91 |
| EGI | $62.9k | $10.49 |
| − OpEx | −$18.9k | −$3.15 |
| NOI | $44.0k | $7.34 |
6,000 SF · lease $11.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.63M
$1.42M – $1.90M
NOI $113,804 @ 7.0% cap · market cap 22.76%
Second Best
Industrial
$629.3K
$550.6K – $734.2K
NOI $44,050 @ 7.0% cap · market cap 8.81%
Theoretical Best
Specialty Retail
$3.45M
$3.02M – $4.03M
NOI $241,588 @ 7.0% cap · market cap 48.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16
Office units
Location Intelligence
Trade Area within ½ mile
1,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
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?
Office units - 16-unit office property on a 4,155 SF lot with a side-yard entrance and common area kitchen and bathrooms.
Where is this office units located?
The property is located at 1537-39 DEAL ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 16‑unit commercial office property with common area kitchen; 3 common area bathrooms; Side‑yard entrance provides added accessibility
