Mixed-Use Building with
For Sale
$260,000
3101 EMERALD STREET, Philadelphia, PA 19134
Ground-floor commercial space is paired with an upstairs residential unit.
Property Size1,290 SF
Price / SF$201.55
Days on Market8
Property Features for 3101 EMERALD STREET
General Information
Standard status
Active
Size
1,290 SF
Property subtype
Commercial
Financials
Cap Rate
8.9%
Average Monthly Rent
$875
Additional Details
Multifamily Units
1
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
BEN THOMAS MATHEW · License #RS371553
(267) 774-1400
Source:
Cummingsrealtors
Added: Sep 20
Changed: Sep 26
Last Checked: Sep 26 at 8:54AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Located at 3101 Emerald Street in Philadelphia, this 1,290-square-foot mixed-use property was built in 1925. The building combines a bodega and deli at street level with a residential unit above, creating distinct commercial and residential components within one asset.
The commercial occupancy has continued for more than two years, while the upstairs unit is also occupied. The property produces an 8.9% cap rate and includes separate commercial and residential tenancy. The established retail operation and residential component provide a combination of uses in a compact mixed-use building.
The commercial occupancy has continued for more than two years, while the upstairs unit is also occupied. The property produces an 8.9% cap rate and includes separate commercial and residential tenancy. The established retail operation and residential component provide a combination of uses in a compact mixed-use building.
Key Highlights
- 1,290‑square‑foot mixed‑use property at 3101 Emerald Street, Philadelphia, PA 19134
- Bodega and deli occupy the ground‑floor commercial space
- Residential unit positioned above the retail component
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
$20,291
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
7.80%
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%
$405,820
$405.8K
Cap Rate 7%
$289,871
$289.9K
Cap Rate 9%
$225,456
$225.5K
Market Conditions
NOI Build-Up for 1,290 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
$39.2K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$36.9K $28.60/SF
− OpEx
−$16.6K −$12.87/SF
NOI
$20.3K $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%
$405,820
Cap Rate 7%
$289,871
Cap Rate 9%
$225,456
Alternative Uses
Best Use
Apartment 5plus
$289.9K
$253.6K – $338.2K
NOI $20,291 @ 7.0% cap · market cap 7.80%
Second Best
Specialty Retail
$267.0K
$233.7K – $311.5K
NOI $18,692 @ 7.0% cap · market cap 7.19%
Theoretical Best
Multifamily LT 5
$314.5K
$275.2K – $366.9K
NOI $22,014 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,458
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 3%
Electronics 2%
Sunoco
Shops & Services
9,282 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,537 visits/mo
0.4 miles
Wells Fargo
Shops & Services
5,981 visits/mo
0.2 miles
Dollar Tree
Shops & Services
5,786 visits/mo
0.2 miles
Bank of America
Shops & Services
3,144 visits/mo
0.2 miles
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with an upstairs residential unit.
Where is this mixed-use property located?
The property is located at 3101 EMERALD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,290‑square‑foot mixed‑use property at 3101 Emerald Street, Philadelphia, PA 19134; Bodega and deli occupy the ground‑floor commercial space; Residential unit positioned above the retail component
