Building Details

Year Built 1915

Listing Agency: HK99 Realty LLC h***@gmail.com Show Phone

Listed By: Lee A Schley · License #RS226841L Show Phone

Source: Cummingsrealtors

Added: Jun 30 Changed: Oct 16 Last Checked: Oct 16 at 9:12AM

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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 HK99 Realty LLC

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Investment Insights

Based on property information with market context.

This retail showroom space is offered for sale and is positioned as a commercial real estate property suitable for showroom or retail-oriented use. The property encompasses approximately 12,000 square feet and is listed for sale under the commercial real estate transaction.

The asset is located at 4023 Market Street in Philadelphia, Pennsylvania (19104).

Key Highlights

• Retail showroom space for sale at 4023 Market Street in Philadelphia, PA
• Building year built: 1915

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$135,626

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,712,520 $2.7M

Cap Rate 7%

$1,937,514 $1.9M

Cap Rate 9%

$1,506,956 $1.5M

What to ask about pricing

Market Conditions

NOI Build-Up for 12,000 SF

Gross rent

$216.0K $18.00/SF

− Vacancy

−$22.2K −$1.85/SF

EGI

$193.8K $16.15/SF

− OpEx

−$58.1K −$4.84/SF

NOI

$135.6K $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 Rate 5%

$2,712,520

Cap Rate 7%

$1,937,514

Cap Rate 9%

$1,506,956

Alternative Uses

Best Use

Retail

$1.94M

$1.70M – $2.26M (±1% cap)

NOI $135,626 @ 7.0% cap · market cap 2,712.52%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$2.93M

$2.56M – $3.41M (±1% cap)

NOI $204,779 @ 7.0% cap · market cap 4,095.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Showrooms

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Building Supply Florist Plumbing Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7,610

Businesses Nearby

151k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 55% Shops & Services 30% Hotels & Casinos 10% Groceries 5%

McDonald's Dining

26,974 visits/mo 0.2 miles

Wawa Shops & Services

21,359 visits/mo 0.5 miles

Raising Cane's Chicken Fingers Dining

15,022 visits/mo 0.3 miles

Checkers Dining

13,397 visits/mo 0.4 miles

Dunkin' Donuts Dining

11,056 visits/mo 0.4 miles

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

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019

8.2% 2020

7.8% 2021

6.6% 2022

6.2% 2023

5.5% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Showroom - For sale retail showroom space at 4023 Market Street in Philadelphia, PA.

Where is this showroom located?

The property is located at 4023 MARKET STREET Philadelphia, PA.

What are key features of this property?

This property features: Retail showroom space for sale at 4023 Market Street in Philadelphia, PA; Building year built: 1915