Mixed-Use Corner
For Sale
$220,000
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$183.33
Days on Market11
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
Building Details
Year Built
1915
Listing Agency:
Herbert Edwards Real Estate
(215) 227-1650
Listed By:
Rodney Edwards · License #RS227507L
Source:
Baltimoreharfordhomesforsale
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 8:40AM
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 = 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
$15,791
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
7.18%
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%
$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
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
$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 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%
$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 7.18%
Second Best
Mixed Use
$203.7K
$178.2K – $237.6K
NOI $14,256 @ 7.0% cap · market cap 6.48%
Theoretical Best
Multifamily LT 5
$292.5K
$256.0K – $341.3K
NOI $20,478 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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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 $220,000.
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
