Storefront
For Sale
$510,000
238-00 N 52nd St, Philadelphia, PA 19139
The building includes hot water service and natural gas, with RSA5 zoning.
Property Size2,800 SF
Price / SF$182.14
Days on Market116
Property Features for 238-00 N 52nd St
General Information
Standard status
Active
Size
2,800 SF
Zoning
RSA5
Taxes and HOA fees
Annual Taxes
$2,417
Amenities
Hot Water, Natural Gas
Building Details
Building Size
2,800 SF
Year Built
1903
Listing Agency:
KW Empower
Listed By:
Michael P Cohen · License #AB066937
(610) 331-7213
Source:
Evrealestate
Added: May 11
Changed: Sep 2
Last Checked: Sep 2 at 4:39PM
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 KW Empower
Investment Insights
Based on property information with market context.
This 2,800-square-foot storefront property in Philadelphia was built in 1903. The building includes hot water service and natural gas, providing established utility infrastructure for the existing structure.
The property is located in Philadelphia, PA 19139, on N 52nd St. RSA5 zoning is identified for the site.
The property is located in Philadelphia, PA 19139, on N 52nd St. RSA5 zoning is identified for the site.
Key Highlights
- 2,800‑square‑foot storefront property
- Built in 1903
- RSA5 zoning
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
$31,646
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
6.21%
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%
$632,920
$632.9K
Cap Rate 7%
$452,086
$452.1K
Cap Rate 9%
$351,622
$351.6K
Market Conditions
NOI Build-Up for 2,800 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
$50.4K $18.00/SF
− Vacancy
−$5.2K −$1.85/SF
EGI
$45.2K $16.15/SF
− OpEx
−$13.6K −$4.84/SF
NOI
$31.6K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$632,920
Cap Rate 7%
$452,086
Cap Rate 9%
$351,622
Alternative Uses
Best Use
Retail
$452.1K
$395.6K – $527.4K
NOI $31,646 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$682.6K
$597.3K – $796.4K
NOI $47,782 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,869
Businesses Nearby
117k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 38%
Groceries 16%
Apparel 7%
McDonald's
Dining
22,600 visits/mo
0.5 miles
McDonald's
Dining
22,065 visits/mo
0.4 miles
Save-A-Lot
Groceries
18,565 visits/mo
0.5 miles
Dollar General
Shops & Services
9,664 visits/mo
0.5 miles
AutoZone
Shops & Services
7,230 visits/mo
0.5 miles
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Loretta's Flower Shop — 437 N 52nd St, Philadelphia, PA 19139
- Regan's Flower Shop — 1219 N 52nd St, Philadelphia, PA 19131
Frequently Asked Questions
What type of property is this?
Storefront property - The building includes hot water service and natural gas, with RSA5 zoning.
Where is this storefront property located?
The property is located at 238-00 N 52nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 2,800‑square‑foot storefront property; Built in 1903; RSA5 zoning
