Mixed-Use Corner
For Sale
$189,000
2500 W SOMERSET ST, Philadelphia, PA 19132
Updated ground-level space near schools, shopping, and public transportation supports retail, office, and service-oriented uses.
Property Size1,200 SF
Price / SF$157.50
Days on Market51
Property Features for 2500 W SOMERSET ST
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-family
Site & Location
Corner Location
Yes
Public Transit
Yes
Listing Agency:
Herbert Edwards Real Estate
Listed By:
Rodney Edwards · License #RS227507L
(215) 227-1650
Source:
Graves
Added: Aug 24
Changed: Oct 1
Last Checked: Oct 12 at 7:25PM
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 Herbert Edwards Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes an upgraded first-floor area with a clean, contemporary finish and a layout previously used for a real estate office. The space is offered in as-is condition and can accommodate a range of commercial concepts, including retail, professional offices, and commercial services. The property information also identifies potential for conversion to multifamily residential use.
Positioned at 2500 W Somerset St in Philadelphia, the corner location is near local schools, shopping areas, and public transit routes. The building dates to 1915, while the first-floor improvements provide a more current interior setting within the existing structure.
Positioned at 2500 W Somerset St in Philadelphia, the corner location is near local schools, shopping areas, and public transit routes. The building dates to 1915, while the first-floor improvements provide a more current interior setting within the existing structure.
Key Highlights
- Upgraded first‑floor space with a clean, modern finish
- Previously operated as a real estate office
- Corner property at 2500 W Somerset St, Philadelphia, PA 19132
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,791
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,820
$315.8K
Cap Rate 7%
$225,586
$225.6K
Cap Rate 9%
$175,456
$175.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$26.4K $21.96/SF
− Vacancy
−$5.3K −$4.41/SF
EGI
$21.1K $17.55/SF
− OpEx
−$5.3K −$4.39/SF
NOI
$15.8K $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 Rate 5%
$315,820
Cap Rate 7%
$225,586
Cap Rate 9%
$175,456
Alternative Uses
Best Use
Office B
$225.6K
$197.4K – $263.2K
NOI $15,791 @ 7.0% cap · market cap 8.36%
Second Best
Mixed Use
$203.7K
$178.2K – $237.6K
NOI $14,256 @ 7.0% cap · market cap 7.54%
Theoretical Best
Multifamily LT 5
$292.5K
$256.0K – $341.3K
NOI $20,478 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,739
Businesses Nearby
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated ground-level space near schools, shopping, and public transportation supports retail, office, and service-oriented uses.
Where is this mixed-use property located?
The property is located at 2500 W SOMERSET ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Upgraded first‑floor space with a clean, modern finish; Previously operated as a real estate office; Corner property at 2500 W Somerset St, Philadelphia, PA 19132
