Mixed-Use Property
New
For Sale
$450,000
4945 GERMANTOWN AVENUE, Philadelphia, PA 19144
Offered with 4943 Germantown Avenue, the property includes vacant residential and commercial units.
Property Size3,495 SF
Price / SF$128.76
Days on Market7
Property Features for 4945 GERMANTOWN AVENUE
General Information
Standard status
Active
Size
3,495 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$2,555
Amenities
Parking.
On Street.
Other.
Building Details
Year Built
1940
Buildings
2
Listing Agency:
Giraldo Real Estate Group
(215) 745-0101
Listed By:
Jan Watson · License #RS336384
(267) 709-9516
Source:
Xome
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 10 at 7:05AM
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 Giraldo Real Estate Group
Investment Insights
Based on property information with market context.
The offering includes 4945 Germantown Avenue together with 4943 Germantown Avenue. Each property contains two residential units and one commercial unit, creating a combined mixed-use package with six total units. All units are currently vacant, and the properties are being offered in their existing condition.
Built in 1940, the properties are located in Philadelphia’s 19144 ZIP code. An in-person walkthrough can be arranged through the listing agent.
Built in 1940, the properties are located in Philadelphia’s 19144 ZIP code. An in-person walkthrough can be arranged through the listing agent.
Key Highlights
- Package includes 4945 Germantown Avenue and 4943 Germantown Avenue
- Each property contains 2 residential + 1 commercial unit
- Six total units across the package
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
$39,501
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
8.78%
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%
$790,020
$790.0K
Cap Rate 7%
$564,300
$564.3K
Cap Rate 9%
$438,900
$438.9K
Market Conditions
NOI Build-Up for 3,495 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
$62.9K $18.00/SF
− Vacancy
−$6.5K −$1.85/SF
EGI
$56.4K $16.15/SF
− OpEx
−$16.9K −$4.84/SF
NOI
$39.5K $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%
$790,020
Cap Rate 7%
$564,300
Cap Rate 9%
$438,900
Alternative Uses
Best Use
Apartment 5plus
$785.4K
$687.2K – $916.3K
NOI $54,975 @ 7.0% cap · market cap 12.22%
Second Best
Mixed Use
$593.2K
$519.0K – $692.0K
NOI $41,521 @ 7.0% cap · market cap 9.23%
Theoretical Best
Multifamily LT 5
$852.0K
$745.5K – $994.0K
NOI $59,642 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Groceries 25%
Home Improvements & Furnishings 9%
Family Dollar
Shops & Services
7,237 visits/mo
0.3 miles
Fine Wine & Good Spirits
Groceries
4,813 visits/mo
0.1 miles
Ace Cash Express
Shops & Services
2,944 visits/mo
0.4 miles
Sunoco
Shops & Services
2,380 visits/mo
0.4 miles
True Value Hardware
Home Improvements & Furnishings
1,652 visits/mo
0.1 miles
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Offered with 4943 Germantown Avenue, the property includes vacant residential and commercial units.
Where is this mixed-use property located?
The property is located at 4945 GERMANTOWN AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Package includes 4945 Germantown Avenue and 4943 Germantown Avenue; Each property contains 2 residential + 1 commercial unit; Six total units across the package
