Remodeled Religious Facility with Event
New
For Sale
$999,999
4931 N 6TH STREET, Philadelphia, PA 19120
Updated worship, gathering, and residential areas are arranged across separately metered zones with private entrances.
Property Size8,680 SF
Days on Market4
Property Features for 4931 N 6TH STREET
General Information
Standard status
Active
Size
8,680 SF
Property subtype
MixedUse
Taxes and HOA fees
Annual Taxes
$7,897
Building Details
Building Size
8,680 SF
Year Built
1927
Listing Agency:
United Real Estate Group
Listed By:
Alexis Trujillo-Ortiz · License #RM423829
(215) 941-8484
Source:
Mainlinekw
Added: Sep 15
Changed: Sep 17
Last Checked: Sep 16 at 4:49PM
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.
This 8,680-square-foot religious facility combines a 5,680-square-foot sanctuary and reception area with four classrooms, ceramic-tiled restrooms, recessed lighting, large windows, and upgraded electrical service. The property also includes a 1,900-square-foot upper-level event hall and 1,100-square-foot apartment with central air, laundry, two full bathrooms, and an updated kitchen. The apartment’s interior can support either three bedrooms with an expanded living area or restoration to four bedrooms, based on its current configuration and prior modification.
Three independently metered zones provide separate access through three private entrances. Building systems include 3 exterior electric meters, 5 electrical panels, 4 heating systems, and 3 water heaters. An operational fire sprinkler system and commercial fire alarm system serve the building. Built in 1927, the property is located at 4931 N 6TH STREET in Philadelphia, Pennsylvania 19120.
Three independently metered zones provide separate access through three private entrances. Building systems include 3 exterior electric meters, 5 electrical panels, 4 heating systems, and 3 water heaters. An operational fire sprinkler system and commercial fire alarm system serve the building. Built in 1927, the property is located at 4931 N 6TH STREET in Philadelphia, Pennsylvania 19120.
Key Highlights
- 8,680‑square‑foot religious facility with sanctuary, classrooms, event hall, and apartment
- 5,680‑square‑foot main sanctuary with four classrooms and ceramic‑tiled restrooms
- 1,900‑square‑foot upper‑level banquet and event hall
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
$83,636
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
8.36%
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%
$1,672,720
$1.7M
Cap Rate 7%
$1,194,800
$1.2M
Cap Rate 9%
$929,289
$929.3K
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
$164.6K $18.96/SF
− Vacancy
−$12.5K −$1.44/SF
EGI
$152.1K $17.52/SF
− OpEx
−$68.4K −$7.88/SF
NOI
$83.6K $9.64/SF
Area
ZIP 19120
Vacancy
7.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
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%
$1,672,720
Cap Rate 7%
$1,194,800
Cap Rate 9%
$929,289
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.05M – $1.39M
NOI $83,636 @ 7.0% cap · market cap 8.36%
Second Best
Mixed Use
$1.06M
$930.9K – $1.24M
NOI $74,474 @ 7.0% cap · market cap 7.45%
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
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Updated worship, gathering, and residential areas are arranged across separately metered zones with private entrances.
Where is this church & religious facility located?
The property is located at 4931 N 6TH STREET 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‑square‑foot religious facility with sanctuary, classrooms, event hall, and apartment; 5,680‑square‑foot main sanctuary with four classrooms and ceramic‑tiled restrooms; 1,900‑square‑foot upper‑level banquet and event hall
