Historic Two-Story Mixed-Use
New
For Sale
$1,500,000
1805-07 E York St, Philadelphia, PA 19125
CMX-2 zoning supports neighborhood commercial, office, creative, residential, and other mixed-use concepts.
Property Size8,274 SF
Lot Size0.21 Acres
Price / SF$181.29
Days on Market2
Property Features for 1805-07 E York St
General Information
Standard status
Active
Size
8,274 SF
Lot size
0.21 Acres
Property subtype
Urban-High Street
Zoning
CMX-2
Amenities
More than 600 new residential units delivered between 2022 and 2026 in the York-Dauphin market. Creating new demand for retail/office/restaurant and continued mixed-use development in the area.
25-foot ceilings on 2nd floor. Historical Building. Tax credits can be utilized with this property.
York-Dauphin Station across the street. 10 minute train ride to City Hall/Center City Station.
Growing sub-market of Philadelphia. Fishtown/East Kensington continues to grow with a young workforce population.
422,507 live within a 3-mile radius of this property. Temple University Hospital 0.5 miles away.
Building Details
Building Size
8,274 SF
Year Built
1875
Buildings
1
Stories
2
Construction
masonry
Listed By:
Tom Wiggins · License #License(s): PA: RS377342
(215) 531-7072
Source:
Marcusmillichap
Added: Sep 16
Last Checked: Sep 16 at 2:15PM
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 Tom Wiggins
Investment Insights
Based on property information with market context.
Built in 1875, this vacant two-story masonry property contains approximately 8,274 square feet on an approximately 9,200-square-foot lot. The building retains distinctive historic architectural character and includes approximately 25-foot ceiling heights on the second floor, providing adaptable interior volume for a range of commercial or mixed-use configurations.
Located at 1805-07 E York St in Philadelphia, the property has immediate access to the York-Dauphin Market-Frankford Line station and sits within the Fishtown/East Kensington area. CMX-2 zoning supports neighborhood commercial and mixed-use concepts, including retail, restaurant, office, creative, and residential uses. Based on the stated lot-area requirement, the property may support up to 19 residential units, subject to ground-floor commercial requirements and required zoning, historic, structural, building-code, and governmental approvals.
Located at 1805-07 E York St in Philadelphia, the property has immediate access to the York-Dauphin Market-Frankford Line station and sits within the Fishtown/East Kensington area. CMX-2 zoning supports neighborhood commercial and mixed-use concepts, including retail, restaurant, office, creative, and residential uses. Based on the stated lot-area requirement, the property may support up to 19 residential units, subject to ground-floor commercial requirements and required zoning, historic, structural, building-code, and governmental approvals.
Key Highlights
- Approximately 8,274 square feet in a two‑story masonry building
- Approximately 9,200‑square‑foot CMX‑2‑zoned lot
- Originally constructed in 1875
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
$108,882
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
7.26%
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%
$2,177,640
$2.2M
Cap Rate 7%
$1,555,457
$1.6M
Cap Rate 9%
$1,209,800
$1.2M
Market Conditions
NOI Build-Up for 8,274 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
$181.7K $21.96/SF
− Vacancy
−$36.5K −$4.41/SF
EGI
$145.2K $17.55/SF
− OpEx
−$36.3K −$4.39/SF
NOI
$108.9K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$2,177,640
Cap Rate 7%
$1,555,457
Cap Rate 9%
$1,209,800
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.81M
NOI $108,882 @ 7.0% cap · market cap 7.26%
Second Best
Mixed Use
$1.40M
$1.23M – $1.64M
NOI $98,295 @ 7.0% cap · market cap 6.55%
Theoretical Best
Multifamily LT 5
$2.02M
$1.76M – $2.35M
NOI $141,195 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,554
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX-2 zoning supports neighborhood commercial, office, creative, residential, and other mixed-use concepts.
Where is this mixed-use property located?
The property is located at 1805-07 E York St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 8,274 square feet in a two‑story masonry building; Approximately 9,200‑square‑foot CMX‑2‑zoned lot; Originally constructed in 1875
