Mixed-Use Building with
5600 Thomas Avenue, Philadelphia, PA 19143
For Sale
New
$478,000
CMX2 zoning supports a ground-floor commercial space alongside two upper-level apartments.
Property Size1,860 SF
Price / SF$256.99
Days on Market7
Property Features for 5600 Thomas Avenue
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Corner Location
Utilities to Site
Mixed-Use Components
Units
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
Natural Gas,Electric
Yes
Electric,Natural Gas
Public
T30
17.00 x 81.00
0.03
No
Assessor
On Street
1860.00
11253.00
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Mango & August Inc
(215) 727-1565
Listed By:
Marisa A Mango · License PA AB066448
(215) 485-8907
Source:
Smartwayamerica
Added: Nov 8
Changed: Nov 13
Last Checked: Nov 13 at 2:24PM
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 Mango & August Inc
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Investment Insights
Based on property information with market context.
This 1,860-square-foot mixed-use property combines ground-floor commercial space with two apartments above. The commercial area includes a full bathroom and central air conditioning, with electric heat. Each apartment has an open-plan layout, a modern kitchen, and laundry facilities. A rear deck serves the first-floor residence. Residential units have separate electric service, individual panels, and their own heating and hot-water systems.
The corner property is zoned CMX2 and was built in 1920. Its configuration places commercial and residential space within one building, with distinct utility arrangements for the apartments.
The corner property is zoned CMX2 and was built in 1920. Its configuration places commercial and residential space within one building, with distinct utility arrangements for the apartments.
Key Highlights
- 1,860‑square‑foot mixed‑use property
- CMX2 zoning
- Ground‑floor commercial space with full bathroom and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,420
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,400
$648.4K
Cap Rate 7%
$463,143
$463.1K
Cap Rate 9%
$360,222
$360.2K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$55.8K $30.00/SF
− Vacancy
−$9.5K −$5.10/SF
EGI
$46.3K $24.90/SF
− OpEx
−$13.9K −$7.47/SF
NOI
$32.4K $17.43/SF
Area
ZIP 19143
Vacancy
17.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,400
Cap Rate 7%
$463,143
Cap Rate 9%
$360,222
Alternative Uses
Best Use
Retail
$463.1K
$405.3K – $540.3K
NOI $32,420 @ 7.0% cap · market cap 6.78%
Second Best
Mixed Use
$358.7K
$313.9K – $418.5K
NOI $25,110 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$637.5K
$557.8K – $743.8K
NOI $44,626 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,183
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX2 zoning supports a ground-floor commercial space alongside two upper-level apartments.
Where is this mixed-use property located?
The property is located at 5600 Thomas Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $478,000.
What are key features of this property?
This property features: 1,860‑square‑foot mixed‑use property; CMX2 zoning; Ground‑floor commercial space with full bathroom and central air conditioning
