Mixed-Use Property in University
For Sale
$875,000
Pending
4014 Market Street, Philadelphia, PA 19104
Meticulously maintained mixed-use property with commercial and residential units.
Property Size4,862 SF
Days on Market166
Property Features for 4014 Market Street
General Information
Standard status
Pending
Size
4,862 SF
Property subtype
Contingent
Zoning
CMX4
Taxes and HOA fees
Annual Taxes
$11,765
Amenities
Full,Unfinished
Natural Gas
Yes
Washer In Unit,Dryer In Unit
No
3
Estimated
No Pool
Public
0.05
On Street
Brick/Mortar,Block,Concrete Perimeter
Building Details
Building Size
4,862 SF
Year Built
1915
Listing Agency:
KW Empower
(856) 222-0077
Listed By:
Amanda Strain
(610) 679-0127
Source:
Thetristaterealestategroup
Added: Mar 24
Changed: Aug 28
Last Checked: Aug 24 at 3:27AM
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 KW Empower
Investment Insights
Based on property information with market context.
This meticulously maintained mixed-use property is located in the heart of University City. The property at 4014 Market Street features three units, including a ground-floor commercial space and two residential apartments above. The second and third-floor units each offer a two-bedroom, one-bathroom layout and have been thoughtfully renovated and well cared for. Situated along the rapidly evolving Market Street corridor, the property is located within one of Philadelphia’s most active development areas, surrounded by continued investment in mixed-use, residential, and life-science projects tied to nearby universities, hospitals, and research institutions. This property presents an excellent opportunity for investors seeking a well-maintained asset in a high-growth corridor. The property size is 4862 square feet.
Key Highlights
- Mixed‑use property with ground‑floor commercial space and two residential apartments.
- Located in the heart of University City, a high‑growth corridor.
- Two thoughtfully renovated and well‑maintained two‑bedroom, one‑bathroom apartments.
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
$57,761
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
6.60%
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%
$1,155,220
$1.2M
Cap Rate 7%
$825,157
$825.2K
Cap Rate 9%
$641,789
$641.8K
Market Conditions
NOI Build-Up for 4,862 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
$105.0K $21.60/SF
− Vacancy
−$12.6K −$2.59/SF
EGI
$92.4K $19.01/SF
− OpEx
−$34.7K −$7.13/SF
NOI
$57.8K $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 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%
$1,155,220
Cap Rate 7%
$825,157
Cap Rate 9%
$641,789
Alternative Uses
Best Use
Mixed Use
$825.2K
$722.0K – $962.7K
NOI $57,761 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.19M
$1.04M – $1.38M
NOI $82,970 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Meticulously maintained mixed-use property with commercial and residential units.
Where is this mixed-use property located?
The property is located at 4014 Market Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Mixed‑use property with ground‑floor commercial space and two residential apartments.; Located in the heart of University City, a high‑growth corridor.; Two thoughtfully renovated and well‑maintained **two‑bedroom, one‑bathroom apartments.**
