Two-Bay Automotive
New
For Sale
$279,900
1740 S 4TH STREET, Philadelphia, PA 19148
The larger garage area includes a half bathroom, while a separate smaller bay provides additional vehicle space.
Property Size1,189 SF
Price / SF$235.41
Days on Market5
Property Features for 1740 S 4TH STREET
General Information
Standard status
Active
Size
1,189 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1960
Listing Agency:
Penn One Realty
Listed By:
James Gallagher · License #RS327085
(610) 707-1500
Source:
Cummingsrealtors
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 9:25AM
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 Penn One Realty
Investment Insights
Based on property information with market context.
This automotive property contains two garage bays and was previously used as a car wash. The larger bay opens onto 4th Street and can accommodate multiple oversized vehicles; it also includes a half bathroom. A second, smaller bay opens onto Moore Avenue and can fit one small vehicle. The building dates to 1960 and is located at 1740 S 4th Street in Philadelphia.
Key Highlights
- Two garage bays, including one sized for multiple oversized vehicles and a smaller bay for one small vehicle
- The larger bay opens onto 4th Street; the smaller bay opens onto Moore Avenue
- Half bathroom located in the larger garage 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
$13,438
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
4.80%
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%
$268,760
$268.8K
Cap Rate 7%
$191,971
$192.0K
Cap Rate 9%
$149,311
$149.3K
Market Conditions
NOI Build-Up for 1,189 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
$21.4K $18.00/SF
− Vacancy
−$2.2K −$1.85/SF
EGI
$19.2K $16.15/SF
− OpEx
−$5.8K −$4.84/SF
NOI
$13.4K $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%
$268,760
Cap Rate 7%
$191,971
Cap Rate 9%
$149,311
Alternative Uses
Best Use
Retail
$192.0K
$168.0K – $224.0K
NOI $13,438 @ 7.0% cap · market cap 4.80%
Second Best
Industrial
$124.7K
$109.1K – $145.5K
NOI $8,729 @ 7.0% cap · market cap 3.12%
Theoretical Best
Multifamily LT 5
$289.9K
$253.6K – $338.2K
NOI $20,290 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,478
Businesses Nearby
226k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 47%
Shops & Services 18%
Groceries 15%
Dining 14%
Target
Superstores
105,271 visits/mo
0.4 miles
Wawa
Shops & Services
38,950 visits/mo
0.4 miles
ACME Markets
Groceries
34,436 visits/mo
0.5 miles
Burger King
Dining
12,864 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,319 visits/mo
0.5 miles
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Auto shop - The larger garage area includes a half bathroom, while a separate smaller bay provides additional vehicle space.
Where is this auto shop located?
The property is located at 1740 S 4TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two garage bays, including one sized for multiple oversized vehicles and a smaller bay for one small vehicle; The larger bay opens onto 4th Street; the smaller bay opens onto Moore Avenue; Half bathroom located in the larger garage area
