Retail Storefront for
For Sale
$907,500
2817 West Girard Avenue, Philadelphia, PA 19130
For-sale retail storefront property on W Girard Avenue between N 29th and N 28th Streets.
Property Size3,076 SF
Price / SF$295.03
Days on Market62
Property Features for 2817 West Girard Avenue
General Information
Standard status
Active
Size
3,076 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX25
Taxes and HOA fees
Annual Taxes
$3,073
Amenities
No
https://www.compass.com/app/video-studio/?vId=Bi0QE5JfRpc&recid=62e65cef-5662-480f-9d41-753130752d8f
No Pool
Building Details
Year Built
1915
Listing Agency:
Compass
(267) 255-2253
Listed By:
Chris Baker · License #RS311679
(267) 255-2253
Source:
Compass
Added: Jun 30
Changed: Aug 28
Last Checked: Aug 29 at 4:22PM
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 Compass
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is located on W Girard Avenue between N 29th and N 28th Streets. The offering is positioned as a retail space within a broader category of storefront and retail properties.
Directions to the property are provided for On Girard between N 29th & N 28th Streets in Philadelphia County.
The listing includes a single retail storefront asset for sale at 2817 W Girard Avenue, Philadelphia, PA 19130.
Directions to the property are provided for On Girard between N 29th & N 28th Streets in Philadelphia County.
The listing includes a single retail storefront asset for sale at 2817 W Girard Avenue, Philadelphia, PA 19130.
Key Highlights
- Retail storefront property on W Girard Avenue between N 29th and N 28th Streets in Philadelphia
- Built in 1915
- Central air cooling and central natural gas heating
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
$34,766
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
3.83%
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%
$695,320
$695.3K
Cap Rate 7%
$496,657
$496.7K
Cap Rate 9%
$386,289
$386.3K
Market Conditions
NOI Build-Up for 3,076 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
$55.4K $18.00/SF
− Vacancy
−$5.7K −$1.85/SF
EGI
$49.7K $16.15/SF
− OpEx
−$14.9K −$4.84/SF
NOI
$34.8K $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%
$695,320
Cap Rate 7%
$496,657
Cap Rate 9%
$386,289
Alternative Uses
Best Use
Retail
$496.7K
$434.6K – $579.4K
NOI $34,766 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$749.9K
$656.2K – $874.9K
NOI $52,492 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,534
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 67%
Shops & Services 21%
Dining 12%
Aldi
Groceries
28,516 visits/mo
0.3 miles
Dollar Tree
Shops & Services
9,126 visits/mo
0.2 miles
Krispy Krunchy Chicken
Dining
5,555 visits/mo
0.3 miles
Fine Wine & Good Spirits
Groceries
2,299 visits/mo
0.3 miles
Ace Cash Express
Shops & Services
668 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale retail storefront property on W Girard Avenue between N 29th and N 28th Streets.
Where is this storefront property located?
The property is located at 2817 West Girard Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $907,500.
What are key features of this property?
This property features: Retail storefront property on W Girard Avenue between N 29th and N 28th Streets in Philadelphia; Built in 1915; Central air cooling and central natural gas heating
