Mixed-Use Property in Redevelopment
For Sale
Contact for pricing
5621 Germantown Ave, Philadelphia, PA 19144
Mixed-use property with retail and office space in Philadelphia.
Property Size11,471 SF
Price / SF$130.76
Days on Market177
Property Features for 5621 Germantown Ave
General Information
Standard status
Active
Size
11,471 SF
Property subtype
Retail
Zoning
CMX3
Building Details
Year Built
1950
Buildings
1
Stories
2
Units
3
Listing Agency:
McCann Commercial Real Estate
Listed By:
Josh Pagan · License #PA343730
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 12 at 9:35AM
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 McCann Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in a rapidly evolving redevelopment corridor, the mixed-use property at 5621–25 Germantown Ave offers a prime investment opportunity. The property features two long-term retail tenants, providing stable income. An office space on the upper level offers additional flexibility and potential. The property is positioned in an area seeing continued growth and revitalization, making it suitable for an investor or owner looking to participate in the neighborhood's transformation. The property has strong fundamentals and upside potential. The property is 11471 square feet.
Key Highlights
- Prime investment opportunity in a rapidly evolving redevelopment corridor.
- Mixed‑use property with two long‑term retail tenants providing stable income.
- Office space on the upper level offers additional flexibility and potential.
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
Location Intelligence
Trade Area within ½ mile
1,627
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 - Mixed-use property with retail and office space in Philadelphia.
Where is this mixed-use property located?
The property is located at 5621 Germantown Ave 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: Prime investment opportunity in a rapidly evolving redevelopment corridor.; Mixed‑use property with two long‑term retail tenants providing stable income.; Office space on the upper level offers additional flexibility and potential.
