Garage with Studio
For Sale
$599,900
2005 E Sergeant St, Philadelphia, PA 19125
Two-level garage property with office space, residential-style amenities, and an approved storage variance.
Property Size2,001 SF
Price / SF$299.80
Days on Market53
Property Features for 2005 E Sergeant St
General Information
Standard status
Active
Size
2,001 SF
Total Parking Spaces
12
Zoning
RSA-5
Additional Details
Floor
Main Level
Building Details
Year Built
1900
Listing Agency:
Opus Elite Real Estate of NJ, LLC
Listed By:
Natalia Vanesa Onendia
(215) 464-8800
Source:
Riverfoxrealty
Added: Jul 13
Changed: Aug 29
Last Checked: Sep 1 at 11:00PM
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 Opus Elite Real Estate of NJ, LLC
Investment Insights
Based on property information with market context.
This 2,001-square-foot garage property, built in 1900, provides vehicle storage capacity for up to 12 vehicles. The main level includes an office and greeting area, while the second floor contains a private studio apartment with a full bath and balcony access.
The property is located at 2005 E Sergeant St in Philadelphia’s Fishtown and East Kensington areas. It carries RSA-5 zoning and has City of Philadelphia approval for a 3-year storage variance. Buyers are responsible for confirming intended uses, zoning requirements, and any additional variance needs with the City of Philadelphia.
The property is located at 2005 E Sergeant St in Philadelphia’s Fishtown and East Kensington areas. It carries RSA-5 zoning and has City of Philadelphia approval for a 3-year storage variance. Buyers are responsible for confirming intended uses, zoning requirements, and any additional variance needs with the City of Philadelphia.
Key Highlights
- Garage accommodates up to 12 vehicles
- 2,001‑square‑foot property built in 1900
- Main level includes office and greeting 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
$23,772
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
3.96%
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%
$475,440
$475.4K
Cap Rate 7%
$339,600
$339.6K
Cap Rate 9%
$264,133
$264.1K
Market Conditions
NOI Build-Up for 2,001 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
$43.2K $21.60/SF
− Vacancy
−$5.2K −$2.59/SF
EGI
$38.0K $19.01/SF
− OpEx
−$14.3K −$7.13/SF
NOI
$23.8K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /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%
$475,440
Cap Rate 7%
$339,600
Cap Rate 9%
$264,133
Alternative Uses
Best Use
Mixed Use
$339.6K
$297.2K – $396.2K
NOI $23,772 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$487.8K
$426.8K – $569.1K
NOI $34,147 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,488
Businesses Nearby
Under-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 2652 Frankford Ave, Philadelphia, PA 19125
- Trailer Rental at U-Haul — 339-341 E Lehigh Ave, Philadelphia, PA 19125
- U-Haul Moving & Storage of North Philadelphia — 339-341 E Lehigh Ave, Philadelphia, PA 19125
- Truck Rental at U-Haul — 339-341 E Lehigh Ave, Philadelphia, PA 19125
- Zipcar — 401 W Somerset St, Philadelphia, PA 19133
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Two-level garage property with office space, residential-style amenities, and an approved storage variance.
Where is this parking lot & garage located?
The property is located at 2005 E Sergeant St Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Garage accommodates up to 12 vehicles; 2,001‑square‑foot property built in 1900; Main level includes office and greeting area
