Retail Storefront
For Sale
$650,000
154-56 West Chelten Avenue, Philadelphia, PA 19144
The property supports a retail-oriented redevelopment concept.
Property Size4,448 SF
Days on Market72
Property Features for 154-56 West Chelten Avenue
General Information
Standard status
Active
Size
4,448 SF
Property subtype
Retail
Additional Details
Land Use
retail
Building Details
Building Size
4,448 SF
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Veronica Blum · License #RS290724
(267) 238-1728
Source:
Mpnrealty
Added: Jun 25
Changed: Aug 29
Last Checked: Sep 4 at 5:11AM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This storefront property at 154-56 West Chelten Avenue, Philadelphia, PA 19144, is offered for sale with a retail or redevelopment use profile. The available information identifies the asset as a storefront property within a commercial setting.
Key Highlights
- Retail storefront property
- Retail or redevelopment use profile
- 154‑56 West Chelten Avenue, Philadelphia, PA 19144
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
$50,272
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
7.73%
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%
$1,005,440
$1.0M
Cap Rate 7%
$718,171
$718.2K
Cap Rate 9%
$558,578
$558.6K
Market Conditions
NOI Build-Up for 4,448 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
$80.1K $18.00/SF
− Vacancy
−$8.2K −$1.85/SF
EGI
$71.8K $16.15/SF
− OpEx
−$21.5K −$4.84/SF
NOI
$50.3K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /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%
$1,005,440
Cap Rate 7%
$718,171
Cap Rate 9%
$558,578
Alternative Uses
Best Use
Retail
$718.2K
$628.4K – $837.9K
NOI $50,272 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.08M
$948.8K – $1.27M
NOI $75,905 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,717
Businesses Nearby
155k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 35%
Groceries 14%
Electronics 2%
McDonald's
Dining
22,820 visits/mo
0.4 miles
Wendy's
Dining
17,023 visits/mo
0.1 miles
Burger King
Dining
14,786 visits/mo
0.0 miles
Dollar Tree
Shops & Services
14,774 visits/mo
0.2 miles
Save-A-Lot
Groceries
14,471 visits/mo
0.2 miles
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Similar Off Market Nearby
- Logan Florist & Gifts — 5807 Germantown Ave, Philadelphia, PA 19144
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Frequently Asked Questions
What type of property is this?
Storefront property - The property supports a retail-oriented redevelopment concept.
Where is this storefront property located?
The property is located at 154-56 West Chelten Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Retail storefront property; Retail or redevelopment use profile; 154‑56 West Chelten Avenue, Philadelphia, PA 19144
