Former Bank Building with Full
For Sale
$425,000
3549 Germantown Ave, Philadelphia, PA 19140
Commercial property offered in its existing condition with substantial below-grade space.
Property Size3,260 SF
Price / SF$130.37
Days on Market27
Property Features for 3549 Germantown Ave
General Information
Standard status
Active
Size
3,260 SF
Building Details
Year Built
1815
Listing Agency:
Realty Mark Associates
(267) 689-7355
Listed By:
Tahzib Bacchus · License #RS330208
Source:
Premierehomegroup
Added: Aug 4
Changed: Aug 28
Last Checked: Aug 29 at 12:36PM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
This 3,260-square-foot commercial building at 3549 Germantown Ave in Philadelphia includes a full basement and was constructed in 1815. The property is identified as a former bank and is being offered in its present as-is condition.
The sale includes buyer responsibility for obtaining City Certification. The building’s existing configuration and basement provide the core physical features for review by purchasers evaluating the property at 3549 Germantown Ave, Philadelphia, PA 19140.
The sale includes buyer responsibility for obtaining City Certification. The building’s existing configuration and basement provide the core physical features for review by purchasers evaluating the property at 3549 Germantown Ave, Philadelphia, PA 19140.
Key Highlights
- Former bank building at 3549 Germantown Ave, Philadelphia, PA 19140
- 3,260 SF commercial building
- Full basement included
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
$36,845
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
8.67%
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%
$736,900
$736.9K
Cap Rate 7%
$526,357
$526.4K
Cap Rate 9%
$409,389
$409.4K
Market Conditions
NOI Build-Up for 3,260 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
$58.7K $18.00/SF
− Vacancy
−$6.0K −$1.85/SF
EGI
$52.6K $16.15/SF
− OpEx
−$15.8K −$4.84/SF
NOI
$36.8K $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%
$736,900
Cap Rate 7%
$526,357
Cap Rate 9%
$409,389
Alternative Uses
Best Use
Specialty Retail
$674.8K
$590.5K – $787.3K
NOI $47,237 @ 7.0% cap · market cap 11.11%
Second Best
Retail
$526.4K
$460.6K – $614.1K
NOI $36,845 @ 7.0% cap · market cap 8.67%
Theoretical Best
Multifamily LT 5
$794.7K
$695.4K – $927.2K
NOI $55,632 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,302
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Groceries 17%
Electronics 14%
Dining 4%
AutoZone
Shops & Services
6,236 visits/mo
0.3 miles
PNC Bank
Shops & Services
5,390 visits/mo
0.4 miles
Fine Wine & Good Spirits
Groceries
4,022 visits/mo
0.5 miles
Liberty Tax
Shops & Services
3,357 visits/mo
0.1 miles
Cricket Wireless Authorized Retailer
Electronics
2,313 visits/mo
0.1 miles
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
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?
Bank - Commercial property offered in its existing condition with substantial below-grade space.
Where is this bank located?
The property is located at 3549 Germantown Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Former bank building at 3549 Germantown Ave, Philadelphia, PA 19140; 3,260 SF commercial building; Full basement included
