Mixed-Use Property with
For Sale
$1,400,000
3649-53 N 10TH ST, Philadelphia, PA 19140
Industrial-zoned asset combines residential units, warehouse space, and secured garage storage.
Property Size8,400 SF
Price / SF$166.67
Days on Market50
Property Features for 3649-53 N 10TH ST
General Information
Standard status
Active
Size
8,400 SF
Additional Details
Warehouse Space
8,400 SF
Listing Agency:
HomeSmart Realty Advisors
(215) 604-1191
Listed By:
Elizabeth Munoz-Ortiz · License #RS286201
(267) 207-8071
Source:
360
Added: Aug 30
Changed: Oct 16
Last Checked: Oct 16 at 8:50AM
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 HomeSmart Realty Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property, built in 1925, combines residential, warehouse, and garage components within an industrial-zoned setting. The improvements include five residential units, an approximately 8,400 SF warehouse with a 12’ x 14’ roll-up door, and three garage buildings containing 90 garages. A secured yard serves the garage component and supports the property’s varied configuration.
The residential units and a majority of the garages are rented, while the warehouse is vacant. The residential units require renovation, and the warehouse provides space for lease-up or repositioning subject to the owner’s plans and due diligence. The property’s combination of occupied residential and garage areas with a vacant warehouse creates a multi-component operating profile.
The residential units and a majority of the garages are rented, while the warehouse is vacant. The residential units require renovation, and the warehouse provides space for lease-up or repositioning subject to the owner’s plans and due diligence. The property’s combination of occupied residential and garage areas with a vacant warehouse creates a multi-component operating profile.
Key Highlights
- Five residential units, with current rental occupancy
- Approximately 8,400 SF warehouse with a 12’ x 14’ roll‑up door
- Three garage buildings totaling 90 garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,792
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,995,840
$2.0M
Cap Rate 7%
$1,425,600
$1.4M
Cap Rate 9%
$1,108,800
$1.1M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$181.4K $21.60/SF
− Vacancy
−$21.8K −$2.59/SF
EGI
$159.7K $19.01/SF
− OpEx
−$59.9K −$7.13/SF
NOI
$99.8K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,995,840
Cap Rate 7%
$1,425,600
Cap Rate 9%
$1,108,800
Alternative Uses
Best Use
Mixed Use
$1.43M
$1.25M – $1.66M
NOI $99,792 @ 7.0% cap · market cap 7.13%
Second Best
Flex RnD
$1.26M
$1.11M – $1.47M
NOI $88,452 @ 7.0% cap · market cap 6.32%
Theoretical Best
Multifamily LT 5
$2.05M
$1.79M – $2.39M
NOI $143,345 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,466
Businesses Nearby
Explore this area
Business Placement
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 Industrial in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Industrial-zoned asset combines residential units, warehouse space, and secured garage storage.
Where is this mixed-use property located?
The property is located at 3649-53 N 10TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Five residential units, with current rental occupancy; Approximately 8,400 SF warehouse with a 12’ x 14’ roll‑up door; Three garage buildings totaling 90 garages
