Mixed-Use Property with
For Sale
$999,900
5110 MARKET STREET, Philadelphia, PA 19139
Four residential units complement a commercial daycare space with central air conditioning and separate residential cooling systems.
Property Size7,200 SF
Price / SF$138.88
Days on Market27
Property Features for 5110 MARKET STREET
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Commercial
Building Details
Year Built
2015
Listing Agency:
RE/MAX Select Group
(302) 513-6849
Listed By:
Simran Kaur Dheer · License #2558322
(302) 513-6849
Source:
Cummingsrealtors
Added: Aug 3
Changed: Aug 28
Last Checked: Aug 28 at 12:42PM
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 RE/MAX Select Group
Investment Insights
Based on property information with market context.
This 7,200-square-foot mixed-use property, built in 2015, combines four residential apartments with one commercial space currently used as a daycare. The apartment mix includes two three-bedroom, one-bath units and two two-bedroom, one-bath units. Residential interiors include kitchens with stainless steel appliances, generously sized bedrooms, and dedicated living areas. The commercial space has electric central A/C, while the apartments use window A/C units. Heating is provided through a combination of gas furnaces and electric systems.
The property is located at 5110 Market Street in Philadelphia, Pennsylvania. Its combination of residential units and an operating commercial use creates a varied configuration within a single asset.
The property is located at 5110 Market Street in Philadelphia, Pennsylvania. Its combination of residential units and an operating commercial use creates a varied configuration within a single asset.
Key Highlights
- 4 residential units and 1 commercial space
- Residential mix includes two 3‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units
- Commercial space currently used as a daycare with electric central A/C
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
$85,536
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
8.55%
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%
$1,710,720
$1.7M
Cap Rate 7%
$1,221,943
$1.2M
Cap Rate 9%
$950,400
$950.4K
Market Conditions
NOI Build-Up for 7,200 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
$155.5K $21.60/SF
− Vacancy
−$18.7K −$2.59/SF
EGI
$136.9K $19.01/SF
− OpEx
−$51.3K −$7.13/SF
NOI
$85.5K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /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%
$1,710,720
Cap Rate 7%
$1,221,943
Cap Rate 9%
$950,400
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,253 @ 7.0% cap · market cap 11.33%
Second Best
Mixed Use
$1.22M
$1.07M – $1.43M
NOI $85,536 @ 7.0% cap · market cap 8.55%
Theoretical Best
Multifamily LT 5
$1.76M
$1.54M – $2.05M
NOI $122,867 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,227
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four residential units complement a commercial daycare space with central air conditioning and separate residential cooling systems.
Where is this mixed-use property located?
The property is located at 5110 MARKET STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 4 residential units and 1 commercial space; Residential mix includes two 3‑bedroom, 1‑bath units and two 2‑bedroom, 1‑bath units; Commercial space currently used as a daycare with electric central A/C
