Mixed-Use Property with Retail
For Sale
$1,500,000
5621-25 Germantown Avenue, Philadelphia, PA 19144
Two established retail occupants complement upper-level office space in a multi-use commercial building.
Property Size11,471 SF
Price / SF$130.76
Days on Market181
Property Features for 5621-25 Germantown Avenue
General Information
Standard status
Active
Size
11,471 SF
Property subtype
Commercial
Zoning
CMX3
Taxes and HOA fees
Annual Taxes
$8,670
Amenities
Natural Gas
Yes
Electric
personal property
Public
AB0
42.00 x 161.00
0.21
No
Assessor
11471.00
123880.00
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
KW Empower
(610) 679-0127
Listed By:
Amanda Strain
(610) 679-0127
Source:
Thetristaterealestategroup
Added: Feb 11
Changed: Aug 9
Last Checked: Aug 11 at 4:56AM
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 KW Empower
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains 11,471 square feet in a building constructed in 1950. The configuration includes two retail tenant spaces at street level and office space on the upper floor, creating a combination of retail and office uses within one asset. Natural gas and electric service are identified for the property.
Located at 5621-25 Germantown Avenue in Philadelphia, the property is zoned CMX3 and occupies a 0.21-acre parcel measuring 42.00 x 161.00. The existing retail and office layout provides a clearly defined multi-use format for an owner or investor evaluating the property for continued operation or future repositioning.
Located at 5621-25 Germantown Avenue in Philadelphia, the property is zoned CMX3 and occupies a 0.21-acre parcel measuring 42.00 x 161.00. The existing retail and office layout provides a clearly defined multi-use format for an owner or investor evaluating the property for continued operation or future repositioning.
Key Highlights
- 11,471‑square‑foot mixed‑use commercial building
- Two long‑term retail tenants occupy the street‑level commercial space
- Upper‑level office space adds a second use component
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
$136,275
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
9.09%
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%
$2,725,500
$2.7M
Cap Rate 7%
$1,946,786
$1.9M
Cap Rate 9%
$1,514,167
$1.5M
Market Conditions
NOI Build-Up for 11,471 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
$247.8K $21.60/SF
− Vacancy
−$29.7K −$2.59/SF
EGI
$218.0K $19.01/SF
− OpEx
−$81.8K −$7.13/SF
NOI
$136.3K $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%
$2,725,500
Cap Rate 7%
$1,946,786
Cap Rate 9%
$1,514,167
Alternative Uses
Best Use
Office B
$2.16M
$1.89M – $2.52M
NOI $150,953 @ 7.0% cap · market cap 10.06%
Second Best
Mixed Use
$1.95M
$1.70M – $2.27M
NOI $136,275 @ 7.0% cap · market cap 9.09%
Theoretical Best
Multifamily LT 5
$2.80M
$2.45M – $3.26M
NOI $195,751 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,905
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two established retail occupants complement upper-level office space in a multi-use commercial building.
Where is this mixed-use property located?
The property is located at 5621-25 Germantown Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11,471‑square‑foot mixed‑use commercial building; Two long‑term retail tenants occupy the street‑level commercial space; Upper‑level office space adds a second use component
