Mixed-Use Property With Garage
New
For Sale
$1,500,000
2533 GIRARD AVENUE, Philadelphia, PA 19130
Corner asset with renovated apartments, additional land, CMX-2.5 zoning, and an existing garage component.
Property Size3,029 SF
Price / SF$495.21
Days on Market4
Property Features for 2533 GIRARD AVENUE
General Information
Standard status
Active
Size
3,029 SF
Total Parking Spaces
5
Property subtype
Mixed Use
Zoning
CMX-2.5
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Land Use
mixed-use, residential
Taxes and HOA fees
Annual Taxes
$4,830
Amenities
Window Air Conditioning, Ceiling Fan(s)
3
Flat
Parking.
On Street.
Other.
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Newtown
(215) 860-4200
Listed By:
Keller Williams Real Estate
(215) 385-2006
Source:
Xome
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 9 at 4:21PM
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 Newtown
Investment Insights
Based on property information with market context.
This mixed-use property at 2533 Girard Avenue includes three units, with two renovated two-bedroom, one-bath apartments. The improvements total 3,029 square feet and include a five-car garage positioned along the 26th Street side, plus additional land. Renovations completed over the past 10 years include the roof, replacement windows, hot water heaters, and updates to the residential units.
Located on a corner along the Girard Avenue corridor, the property is near Brewerytown, Fairmount, Francisville, Center City, public transportation, restaurants, retail, and major Philadelphia attractions. CMX-2.5 zoning and the existing site configuration support evaluation of continued mixed-use occupancy, owner use, or future expansion and redevelopment, subject to applicable zoning, permitting, and approvals.
Located on a corner along the Girard Avenue corridor, the property is near Brewerytown, Fairmount, Francisville, Center City, public transportation, restaurants, retail, and major Philadelphia attractions. CMX-2.5 zoning and the existing site configuration support evaluation of continued mixed-use occupancy, owner use, or future expansion and redevelopment, subject to applicable zoning, permitting, and approvals.
Key Highlights
- 3,029 square feet of total usable space
- Three existing units, including two renovated 2‑bedroom, 1‑bath apartments
- Existing 5‑car garage along the 26th Street side
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
$47,645
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
3.18%
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%
$952,900
$952.9K
Cap Rate 7%
$680,643
$680.6K
Cap Rate 9%
$529,389
$529.4K
Market Conditions
NOI Build-Up for 3,029 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
$92.0K $30.36/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$86.6K $28.60/SF
− OpEx
−$39.0K −$12.87/SF
NOI
$47.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$952,900
Cap Rate 7%
$680,643
Cap Rate 9%
$529,389
Alternative Uses
Best Use
Apartment 5plus
$680.6K
$595.6K – $794.1K
NOI $47,645 @ 7.0% cap · market cap 3.18%
Second Best
Mixed Use
$514.1K
$449.8K – $599.8K
NOI $35,985 @ 7.0% cap · market cap 2.40%
Theoretical Best
Multifamily LT 5
$738.4K
$646.1K – $861.5K
NOI $51,690 @ 7.0% cap · market cap 3.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,765
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner asset with renovated apartments, additional land, CMX-2.5 zoning, and an existing garage component.
Where is this mixed-use property located?
The property is located at 2533 GIRARD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,029 square feet of total usable space; Three existing units, including two renovated 2‑bedroom, 1‑bath apartments; Existing 5‑car garage along the 26th Street side
