Mixed-Use Retail and Residential
For Sale
$3,950,000
4113-25 Main Street, Philadelphia, PA 19127
Ground-floor retail with divisible space and high ceilings, plus four bi-level apartments with private decks.
Property Size15,040 SF
Days on Market55
Property Features for 4113-25 Main Street
General Information
Standard status
Active
Size
15,040 SF
Property subtype
Retail
Additional Details
Clear Height
20 ft
Multifamily Units
4
Building Details
Building Size
15,040 SF
Tenancy
Single
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(267) 238-1728
Listed By:
Veronica Blum · License #RS290724
Source:
Mpnrealty
Added: Jun 25
Changed: Aug 15
Last Checked: Aug 18 at 4:42AM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This mixed-use building features approximately 112 feet of retail frontage along Main Street and retail ceiling heights of about 20 feet. The ground-floor commercial space is currently occupied on a month-to-month lease, and the layout allows the commercial area to be divided. Ownership self-manages the property and has kept rents below market.
The second level includes four bi-level residential apartments with large windows and 10’ ceiling heights. Each unit has a private deck overlooking Main Street, and the residential apartments are accessed off Station Street. The building spans seven parcels.
For tenants, the ground-floor retail configuration is set up for flexibility, including the ability to divide the space depending on operational needs. For investors or owner-operators, the property combines an income-producing retail component with four separately accessible residential units, offering a diversified structure within a single building. The month-to-month status of the commercial tenant may be relevant for a buyer planning near-term leasing decisions, while the existing residential setup provides immediate rental functionality upstairs.
The second level includes four bi-level residential apartments with large windows and 10’ ceiling heights. Each unit has a private deck overlooking Main Street, and the residential apartments are accessed off Station Street. The building spans seven parcels.
For tenants, the ground-floor retail configuration is set up for flexibility, including the ability to divide the space depending on operational needs. For investors or owner-operators, the property combines an income-producing retail component with four separately accessible residential units, offering a diversified structure within a single building. The month-to-month status of the commercial tenant may be relevant for a buyer planning near-term leasing decisions, while the existing residential setup provides immediate rental functionality upstairs.
Key Highlights
- 112 ft of Main Street frontage with ground‑floor retail ceilings approx. 20 ft
- Ground‑floor commercial space can be divided across seven parcels
- Commercial tenant on a month‑to‑month lease
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
$169,985
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
4.30%
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%
$3,399,700
$3.4M
Cap Rate 7%
$2,428,357
$2.4M
Cap Rate 9%
$1,888,722
$1.9M
Market Conditions
NOI Build-Up for 15,040 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
$270.7K $18.00/SF
− Vacancy
−$27.9K −$1.85/SF
EGI
$242.8K $16.15/SF
− OpEx
−$72.9K −$4.84/SF
NOI
$170.0K $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%
$3,399,700
Cap Rate 7%
$2,428,357
Cap Rate 9%
$1,888,722
Alternative Uses
Best Use
Retail
$2.43M
$2.12M – $2.83M
NOI $169,985 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.67M
$3.21M – $4.28M
NOI $256,656 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
4
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Insomnia Cookies
Dining
3,023 visits/mo
0.3 miles
Demographics for 19127, PA
6,929
Population
3,496
Households
2
Avg Household Size
29
Median Age
77%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
11,548
Density / Sq Mi
$99,792
Median Household Income
$73,061
Median Earnings
$1,765
Median Rent
$298,900
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor retail with divisible space and high ceilings, plus four bi-level apartments with private decks.
Where is this retail space located?
The property is located at 4113-25 Main Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 112 ft of Main Street frontage with ground‑floor retail ceilings approx. 20 ft; Ground‑floor commercial space can be divided across seven parcels; Commercial tenant on a month‑to‑month lease
