Mixed-Use Contractor Yard & Income
For Sale
$425,000
172527 CAYUGA STREET, Philadelphia, PA 19140
Oversized garage with offices, secure storage, and a secured contractor yard alongside three apartments, including one vacant unit.
Property Size4,130 SF
Price / SF$102.91
Days on Market81
Property Features for 172527 CAYUGA STREET
General Information
Standard status
Active
Size
4,130 SF
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Units
Multifamily Units
3
Office Units
2
Additional Details
Clear Height
12 ft
Taxes and HOA fees
Annual Taxes
$2,841
Amenities
Wall Air Conditioning
3
Carpet, Wood
Flat
Fenced, Lighted, Private, Driveway.
48.00 x 142.00
Other, Urban.
Building Details
Year Built
1900
Stories
2
Listing Agency:
Better Homes Realty Group
(215) 938-7800
Listed By:
Michael Cirillo · License #0343522
(215) 938-7800
Source:
Xome
Added: Jun 5
Changed: Aug 12
Last Checked: Aug 24 at 4:31AM
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 Better Homes Realty Group
Investment Insights
Based on property information with market context.
1725-27 W Cayuga Street is a mixed-use contractor yard and income property combining an oversized garage, office space, secured storage, and three residential apartments. The commercial portion includes two 10-foot bay doors, 12-foot ceilings, a loading dock, four secured storage rooms/areas, and a full basement utility and storage area. It also features two large office suites with bathrooms, offering operational flexibility and potential for conversion to two additional residential units, subject to required approvals.
The residential component consists of three separate apartments. The second-floor two-bedroom, one-bath unit is occupied by a long-term month-to-month tenant paying $850 per month plus utilities. An additional one-bedroom, one-bath apartment is also occupied by a long-term month-to-month tenant paying $850 per month plus utilities. The first-floor one-bedroom, one-bath unit is currently vacant and includes a living room, kitchen, bedroom, and bathroom, presenting immediate leasing potential.
Outside, the property offers expansive secured outdoor space suited for equipment storage, materials, fleet vehicles, trailers, machinery, and contractor operations. The location provides easy access to Center City Philadelphia, Temple University Hospital, Broad Street, Roosevelt Boulevard, Interstate 95, Route 1, and the Pennsylvania Turnpike, with nearby shopping, dining, schools, and employment centers.
The residential component consists of three separate apartments. The second-floor two-bedroom, one-bath unit is occupied by a long-term month-to-month tenant paying $850 per month plus utilities. An additional one-bedroom, one-bath apartment is also occupied by a long-term month-to-month tenant paying $850 per month plus utilities. The first-floor one-bedroom, one-bath unit is currently vacant and includes a living room, kitchen, bedroom, and bathroom, presenting immediate leasing potential.
Outside, the property offers expansive secured outdoor space suited for equipment storage, materials, fleet vehicles, trailers, machinery, and contractor operations. The location provides easy access to Center City Philadelphia, Temple University Hospital, Broad Street, Roosevelt Boulevard, Interstate 95, Route 1, and the Pennsylvania Turnpike, with nearby shopping, dining, schools, and employment centers.
Key Highlights
- Mixed‑use property with oversized garage plus 3 apartments and a large secured contractor yard on a 48.00 x 142.00 lot
- Garage features two 10‑foot bay doors, 12‑foot ceilings, and a loading dock, with fenced/secured parking and driveway access
- Includes 2 office suites with bathrooms and 4 secured storage rooms/areas, plus a full basement utility and storage area
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
$30,321
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
7.13%
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%
$606,420
$606.4K
Cap Rate 7%
$433,157
$433.2K
Cap Rate 9%
$336,900
$336.9K
Market Conditions
NOI Build-Up for 4,130 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
$47.1K $11.40/SF
− Vacancy
−$3.8K −$0.91/SF
EGI
$43.3K $10.49/SF
− OpEx
−$13.0K −$3.15/SF
NOI
$30.3K $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%
$606,420
Cap Rate 7%
$433,157
Cap Rate 9%
$336,900
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$881.0K – $1.17M
NOI $70,478 @ 7.0% cap · market cap 16.58%
Second Best
Apartment 5plus
$928.0K
$812.0K – $1.08M
NOI $64,963 @ 7.0% cap · market cap 15.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
2
Office units
3
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
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 - Oversized garage with offices, secure storage, and a secured contractor yard alongside three apartments, including one vacant unit.
Where is this mixed-use property located?
The property is located at 172527 CAYUGA STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Mixed‑use property with oversized garage plus 3 apartments and a large secured contractor yard on a 48.00 x 142.00 lot; Garage features two 10‑foot bay doors, 12‑foot ceilings, and a loading dock, with fenced/secured parking and driveway access; Includes 2 office suites with bathrooms and 4 secured storage rooms/areas, plus a full basement utility and storage area
