Licensed Healthcare Facility with
For Sale
Contact for pricing
Pending
1750 Bridge Street, Philadelphia, PA 19124
Licensed 20-bed personal care facility with expansion potential.
Property Size5,000 SF
Days on Market411
Property Features for 1750 Bridge Street
General Information
Standard status
Pending
Size
5,000 SF
Class
B
Total Parking Spaces
3
Property subtype
Multifamily, Senior Living, Special Purpose
Zoning
Y30
Occupancy
100%
Investment Type
Stabilized
Building Details
Buildings
2
Stories
2
Units
20
Listing Agency:
McCann Commercial Real Estate
Listed By:
Darryl Miller, CRB, CCIM · License #AB044338A
Source:
Crexi
Added: Jul 7, 2025
Changed: Aug 8
Last Checked: Jul 25 at 11:07AM
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 McCann Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a fully licensed 20-bed Personal Care Home consisting of two adjacent buildings with over 20 years of continuous ownership and operation. The property is positioned for operators seeking to launch or expand assisted living, behavioral health, ASAM recovery housing, or veteran supportive housing programs within an established facility with operational infrastructure already in place. The offering consists of two adjacent buildings operating together as a licensed personal care facility. 1750 Bridge Street is a three-story detached building with 3 bedrooms, a kitchen and dining room, an administrative office, 2 full bathrooms, and a partially finished basement. 1754 Bridge Street is a two-story primary care facility with 8 resident rooms, 6 full bathrooms, a commercial kitchen, laundry facilities, a dining area, a reception and administrative office, storage space, and a second floor with 5 bedrooms and 2 full bathrooms. The owner has architectural drawings and building plans prepared for the potential construction of a third story on 1754 Bridge Street, which could accommodate up to 10 additional residents, subject to final approvals. The property is zoned RSA-5, with permitted use as a Health / Personal Care Facility (Y50). Potential additional uses, subject to approvals, include assisted living / personal care home, behavioral health housing, drug & alcohol recovery programs, veteran supportive housing, institutional housing, daycare facility, and residential apartments. The property size is 5000 square feet.
Key Highlights
- Fully licensed 20‑bed Personal Care Home in Philadelphia, offering immediate operational capability.
- Zoned for a Personal Care Facility (Y50) with potential for various healthcare uses, subject to approvals.
- Value‑add expansion opportunity with architectural plans for a third story on 1754 Bridge Street, potentially increasing capacity by 10 residents.
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
$59,283
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
8.72%
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%
$1,185,660
$1.2M
Cap Rate 7%
$846,900
$846.9K
Cap Rate 9%
$658,700
$658.7K
Market Conditions
NOI Build-Up for 5,000 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
$116.4K $23.28/SF
− Vacancy
−$8.6K −$1.72/SF
EGI
$107.8K $21.56/SF
− OpEx
−$48.5K −$9.70/SF
NOI
$59.3K $11.86/SF
Area
ZIP 19124
Vacancy
7.40%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$1,185,660
Cap Rate 7%
$846,900
Cap Rate 9%
$658,700
Alternative Uses
Best Use
Healthcare Medical
$1.04M
$905.9K – $1.21M
NOI $72,468 @ 7.0% cap · market cap 10.66%
Second Best
Apartment 5plus
$846.9K
$741.0K – $988.1K
NOI $59,283 @ 7.0% cap · market cap 8.72%
Theoretical Best
Specialty Retail
$2.88M
$2.52M – $3.36M
NOI $201,324 @ 7.0% cap · market cap 29.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
Under-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Richardson Group Senior Citizen — 1750 Bridge St, Philadelphia, PA 19124
- Krysha Patriz Mallari — 5364 jackson st, philadelphia, pa 191241565
- Sweet Haven Assisted Living — 4827 Oxford Ave, Philadelphia, PA 19124
- Meadow House — 4649 Paul St, Philadelphia, PA 19124
Frequently Asked Questions
What type of property is this?
Assisted living facility - Licensed 20-bed personal care facility with expansion potential.
Where is this assisted living facility located?
The property is located at 1750 Bridge Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Fully licensed 20‑bed Personal Care Home in Philadelphia, offering immediate operational capability.; Zoned for a Personal Care Facility (Y50) with potential for various healthcare uses, subject to approvals.; Value‑add expansion opportunity with architectural plans for a third story on 1754 Bridge Street, potentially increasing capacity by 10 residents.
