Occupied Mixed-Use
For Sale
$245,900
2100 S LAMBERT STREET, Philadelphia, PA 19145
Street-level commercial space and an upstairs apartment are both occupied.
Property Size1,536 SF
Days on Market89
Property Features for 2100 S LAMBERT STREET
General Information
Standard status
Active
Size
1,536 SF
Property subtype
MixedUse
Occupancy
100%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,358
Building Details
Building Size
1,536 SF
Year Built
1920
Buildings
1
Listing Agency:
JG Real Estate LLC
(215) 467-4100
Listed By:
Ariel L Morgenstein · License #AB067988
(215) 467-4100
Source:
Patmckennarealtors
Added: May 30
Changed: Aug 21
Last Checked: Aug 25 at 12:04PM
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 JG Real Estate LLC
Investment Insights
Based on property information with market context.
This 1920 mixed-use building combines a street-facing commercial area with an upstairs apartment. The commercial component offers an open layout, broad storefront windows, a rear half bathroom, storage areas, and entry to an unfinished basement. The residential unit includes hardwood flooring, recessed lights, and in-unit laundry. Both components are occupied.
Located at 2100 S Lambert Street in Philadelphia’s West Passyunk area, the property is near Brewery ARS, South Philadelphia Tap Room, and Stephen Girard Park. Snyder Subway Station on the Broad Street Line is an 11-minute walk away, with SEPTA bus service also nearby. I-76 provides regional road access.
Located at 2100 S Lambert Street in Philadelphia’s West Passyunk area, the property is near Brewery ARS, South Philadelphia Tap Room, and Stephen Girard Park. Snyder Subway Station on the Broad Street Line is an 11-minute walk away, with SEPTA bus service also nearby. I-76 provides regional road access.
Key Highlights
- Fully occupied mixed‑use building with commercial and residential components
- 1920 construction with an open commercial layout and large storefront windows
- Upstairs apartment includes hardwood floors, recessed lighting, and in‑unit laundry
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
$18,248
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
7.42%
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%
$364,960
$365.0K
Cap Rate 7%
$260,686
$260.7K
Cap Rate 9%
$202,756
$202.8K
Market Conditions
NOI Build-Up for 1,536 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
$33.2K $21.60/SF
− Vacancy
−$4.0K −$2.59/SF
EGI
$29.2K $19.01/SF
− OpEx
−$10.9K −$7.13/SF
NOI
$18.2K $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%
$364,960
Cap Rate 7%
$260,686
Cap Rate 9%
$202,756
Alternative Uses
Best Use
Mixed Use
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 7.42%
Second Best
Retail
$248.0K
$217.0K – $289.3K
NOI $17,360 @ 7.0% cap · market cap 7.06%
Theoretical Best
Multifamily LT 5
$374.5K
$327.7K – $436.9K
NOI $26,212 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,208
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Apparel 45%
Dining 5%
Home Improvements & Furnishings 1%
Ross Dress for Less
Apparel
27,736 visits/mo
0.5 miles
7-Eleven
Shops & Services
9,595 visits/mo
0.4 miles
Conoco
Shops & Services
9,338 visits/mo
0.3 miles
Dollar General
Shops & Services
4,623 visits/mo
0.3 miles
Sunoco
Shops & Services
4,488 visits/mo
0.3 miles
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space and an upstairs apartment are both occupied.
Where is this mixed-use property located?
The property is located at 2100 S LAMBERT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $245,900.
What are key features of this property?
This property features: Fully occupied mixed‑use building with commercial and residential components; 1920 construction with an open commercial layout and large storefront windows; Upstairs apartment includes hardwood floors, recessed lighting, and in‑unit laundry
