Mixed-Use Property with Event
New
For Sale
$999,999
4931-35 N 6TH ST, Philadelphia, PA 19120
Separate entrances and utility metering serve worship, gathering, and residential areas within the building.
Property Size8,680 SF
Price / SF$115.21
Days on Market5
Property Features for 4931-35 N 6TH ST
General Information
Standard status
Active
Size
8,680 SF
Units
Unit Mix
1 x 4BR/2BA
Multifamily Units
1
Additional Details
Sprinkler System
Yes
Amenities
central air
dedicated laundry
updated kitchen
ceramic tile flooring
recessed lighting
commercial fire alarm system
Building Details
Buildings
1
Listing Agency:
United Real Estate Group
Listed By:
Alexis Trujillo-Ortiz · License #RM423829
(215) 941-8484
Source:
Keygroupmd
Added: Sep 28
Last Checked: Oct 1 at 11:14AM
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 United Real Estate Group
Investment Insights
Based on property information with market context.
The 8,680-square-foot property at 4931-35 N 6TH ST combines a 5,680-square-foot sanctuary and classroom area, a 1,900-square-foot upper-level event hall, and a 1,100-square-foot apartment. The main area includes reception and sanctuary space, four classrooms, and separate men’s and ladies’ restrooms. The event hall is suited to gatherings such as weddings and community meetings, subject to municipal approvals and zoning. The apartment has central air, laundry, two full bathrooms, and an updated kitchen; it is currently arranged as three bedrooms with an expanded living room, with the option to restore a fourth bedroom.
Three exterior electric meters and five electrical panels serve the property’s separate areas. Heating is provided by four systems, with three water heaters. Building safety features include a fire sprinkler system and commercial fire alarm. Separate private entrances serve the three areas.
Three exterior electric meters and five electrical panels serve the property’s separate areas. Heating is provided by four systems, with three water heaters. Building safety features include a fire sprinkler system and commercial fire alarm. Separate private entrances serve the three areas.
Key Highlights
- 8,680 sq ft total across sanctuary/classroom, event hall, and apartment areas
- Main sanctuary and classroom area: 5,680 sq ft, with four classrooms
- Upper‑level event hall: 1,900 sq ft
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
$74,474
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
7.45%
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%
$1,489,480
$1.5M
Cap Rate 7%
$1,063,914
$1.1M
Cap Rate 9%
$827,489
$827.5K
Market Conditions
NOI Build-Up for 8,680 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
$135.4K $15.60/SF
− Vacancy
−$16.2K −$1.87/SF
EGI
$119.2K $13.73/SF
− OpEx
−$44.7K −$5.15/SF
NOI
$74.5K $8.58/SF
Area
ZIP 19120
Vacancy
12.00%
Lease Rate
$15.60 /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%
$1,489,480
Cap Rate 7%
$1,063,914
Cap Rate 9%
$827,489
Alternative Uses
Best Use
Mixed Use
$1.06M
$930.9K – $1.24M
NOI $74,474 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,142 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,574
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate entrances and utility metering serve worship, gathering, and residential areas within the building.
Where is this mixed-use property located?
The property is located at 4931-35 N 6TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 8,680 sq ft total across sanctuary/classroom, event hall, and apartment areas; Main sanctuary and classroom area: 5,680 sq ft, with four classrooms; Upper‑level event hall: 1,900 sq ft
