Mixed-Use Property in Redevelopment
For Sale
$1,500,000
5621 GERMANTOWN AVENUE, Philadelphia, PA 19144
Mixed-use property with retail and office space in Philadelphia.
Property Size11,471 SF
Price / SF$130.76
Days on Market246
Property Features for 5621 GERMANTOWN AVENUE
General Information
Standard status
Active
Size
11,471 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$8,670
Building Details
Building Size
11,471 SF
Year Built
1950
Listing Agency:
Keller Williams Main Line
Listed By:
Joshua M. Pagan · License #RS343730
(267) 774-4221
Source:
Mainlinekw
Added: Feb 11
Changed: Oct 11
Last Checked: Oct 15 at 8:27AM
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 Keller Williams Main Line
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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 / Yr
$136,275
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$2,725,500
Cap Rate 7%
$1,946,786
Cap Rate 9%
$1,514,167
Alternative Uses
Best Use
Mixed Use
$1.95M
$1.70M – $2.27M
NOI $136,275 @ 7.0% cap · market cap 9.09%
Second Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,648 @ 7.0% cap · market cap 8.64%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,905
Businesses Nearby
123k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 29%
Groceries 6%
Electronics 2%
McDonald's
Dining
22,820 visits/mo
0.2 miles
Wendy's
Dining
17,023 visits/mo
0.4 miles
Burger King
Dining
14,786 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,386 visits/mo
0.4 miles
PNC Bank
Shops & Services
8,005 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in Philadelphia, PA
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 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: 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.
