Mixed-Use Property with 3-Bedroom
New
For Sale
$289,999
1630 S 58TH ST, Philadelphia, PA 19143
Two-level configuration pairs adaptable commercial space with an upstairs residential apartment and parking on both sides.
Property Size1,850 SF
Price / SF$156.76
Days on Market1
Property Features for 1630 S 58TH ST
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Realty Mark Associates
Listed By:
Janek Hancock · License #RS330380
(215) 376-4444
Source:
Sandrasellstheshore
Added: Sep 4
Last Checked: Sep 4 at 3:25PM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
This mixed-use property combines a first-floor commercial area with an upper-level three-bedroom apartment. The lower space is currently arranged for gatherings and special events, while its configuration can support office, retail, salon, studio, wellness, or professional service uses. The residence includes ductless mini-split heating and central air conditioning for year-round climate control.
Positioned on a well-traveled street at 1630 S 58TH ST in Philadelphia, the property offers parking availability on both sides. The live-work arrangement brings commercial and residential components together within one building, supporting owner-occupancy or separate use of the apartment and business space.
Positioned on a well-traveled street at 1630 S 58TH ST in Philadelphia, the property offers parking availability on both sides. The live-work arrangement brings commercial and residential components together within one building, supporting owner-occupancy or separate use of the apartment and business space.
Key Highlights
- First‑floor commercial/event space with adaptable configuration
- Upper‑level 3‑bedroom apartment
- Ductless mini‑split heating and central air conditioning
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
$24,975
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
8.61%
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%
$499,500
$499.5K
Cap Rate 7%
$356,786
$356.8K
Cap Rate 9%
$277,500
$277.5K
Market Conditions
NOI Build-Up for 1,850 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
$44.4K $24.00/SF
− Vacancy
−$4.4K −$2.40/SF
EGI
$40.0K $21.60/SF
− OpEx
−$15.0K −$8.10/SF
NOI
$25.0K $13.50/SF
Area
ZIP 19143
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$499,500
Cap Rate 7%
$356,786
Cap Rate 9%
$277,500
Alternative Uses
Best Use
Office B
$482.8K
$422.4K – $563.2K
NOI $33,793 @ 7.0% cap · market cap 11.65%
Second Best
Mixed Use
$356.8K
$312.2K – $416.3K
NOI $24,975 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$634.1K
$554.8K – $739.8K
NOI $44,386 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration pairs adaptable commercial space with an upstairs residential apartment and parking on both sides.
Where is this mixed-use property located?
The property is located at 1630 S 58TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $289,999.
What are key features of this property?
This property features: First‑floor commercial/event space with adaptable configuration; Upper‑level 3‑bedroom apartment; Ductless mini‑split heating and central air conditioning
