Mixed-Use Property with
For Sale
$425,000
Pending
2308 Cecil B Moore Ave, Philadelphia, PA 19121
Three occupied apartments sit above a vacant street-level commercial space.
Property Size2,812 SF
Days on Market53
Property Features for 2308 Cecil B Moore Ave
General Information
Standard status
Pending
Size
2,812 SF
Property subtype
Multi-Family
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1920
Listing Agency:
BHHS Fox & Roach Wayne-Devon
Listed By:
Xiaohui Xie · License #RS338386
(732) 513-6855
Source:
Bethsamberg
Added: Jul 13
Changed: Aug 31
Last Checked: Sep 1 at 9:52PM
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 BHHS Fox & Roach Wayne-Devon
Investment Insights
Based on property information with market context.
Located at 2308 Cecil B. Moore Ave in Philadelphia, this 2,812-square-foot mixed-use property was built in 1920 and combines residential and commercial components. The building includes three occupied 1BR/1BA apartments on the upper levels, along with a street-facing commercial area that is currently vacant and available for owner use or future leasing.
The residential units are leased primarily on a month-to-month basis. The property is positioned along the Ridge Ave and Cecil B. Moore corridors and lies within a Qualified Opportunity Zone. Pro forma projections estimate a 9.5%–10% CAP rate, subject to buyer verification. A separate property at 2310 Cecil B Moore is also offered for sale.
The residential units are leased primarily on a month-to-month basis. The property is positioned along the Ridge Ave and Cecil B. Moore corridors and lies within a Qualified Opportunity Zone. Pro forma projections estimate a 9.5%–10% CAP rate, subject to buyer verification. A separate property at 2310 Cecil B Moore is also offered for sale.
Key Highlights
- Three occupied 1BR/1BA residential units
- Vacant street‑level commercial space
- 2,812‑square‑foot mixed‑use building
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
$33,407
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
7.86%
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%
$668,140
$668.1K
Cap Rate 7%
$477,243
$477.2K
Cap Rate 9%
$371,189
$371.2K
Market Conditions
NOI Build-Up for 2,812 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
$60.7K $21.60/SF
− Vacancy
−$7.3K −$2.59/SF
EGI
$53.5K $19.01/SF
− OpEx
−$20.0K −$7.13/SF
NOI
$33.4K $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%
$668,140
Cap Rate 7%
$477,243
Cap Rate 9%
$371,189
Alternative Uses
Best Use
Multifamily LT 5
$685.5K
$599.8K – $799.8K
NOI $47,986 @ 7.0% cap · market cap 11.29%
Second Best
Apartment 5plus
$631.9K
$552.9K – $737.2K
NOI $44,231 @ 7.0% cap · market cap 10.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,675
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three occupied apartments sit above a vacant street-level commercial space.
Where is this mixed-use property located?
The property is located at 2308 Cecil B Moore Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three occupied 1BR/1BA residential units; Vacant street‑level commercial space; 2,812‑square‑foot mixed‑use building
