Mixed-Use Property with Office
For Sale
$385,000
5627 CHESTER AVENUE, Philadelphia, PA 19143
Renovated mixed-use building with five vacant office suites and one apartment in West Philadelphia.
Property Size2,078 SF
Price / SF$185.27
Days on Market27
Property Features for 5627 CHESTER AVENUE
General Information
Standard status
Active
Size
2,078 SF
Property subtype
Commercial
Net Operating Income
$14,573
Property Condition
Severity
Repairs Needed
Evidence
Deferred Maintenance
Financials
Cap Rate
3.79%
Gross Income
$25,200
Units
Multifamily Units
1
Office Units
5
Building Details
Year Built
1915
Listing Agency:
Capital Commercial Real Estate Group
(610) 359-9700
Listed By:
Christopher A Yangello
(610) 359-9700
Source:
Cummingsrealtors
Added: Aug 1
Changed: Aug 25
Last Checked: Aug 26 at 9:37AM
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 Capital Commercial Real Estate Group
Investment Insights
Based on property information with market context.
Located at 5627 Chester Avenue in Philadelphia, this 2,078-square-foot mixed-use property combines office and residential space within a building originally constructed in 1915. The layout includes five office suites and one apartment, with the office component currently vacant. A complete gut renovation has been completed, and both the office suites and apartment are described in excellent condition.
The property has central air conditioning and central heat, while the roof and mechanical systems are approximately 4 years old. There is no on-site parking. The building requires repair to ceiling damage associated with a previous tenant water overflow.
The property has central air conditioning and central heat, while the roof and mechanical systems are approximately 4 years old. There is no on-site parking. The building requires repair to ceiling damage associated with a previous tenant water overflow.
Key Highlights
- 2,078 SF mixed‑use building at 5627 Chester Avenue, Philadelphia, PA 19143
- Five office suites and one apartment
- Office suites currently vacant
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
$28,053
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
7.29%
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%
$561,060
$561.1K
Cap Rate 7%
$400,757
$400.8K
Cap Rate 9%
$311,700
$311.7K
Market Conditions
NOI Build-Up for 2,078 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
$49.9K $24.00/SF
− Vacancy
−$5.0K −$2.40/SF
EGI
$44.9K $21.60/SF
− OpEx
−$16.8K −$8.10/SF
NOI
$28.1K $13.50/SF
Area
ZIP 19143
Vacancy
10.00%
Lease Rate
$24.00 /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%
$561,060
Cap Rate 7%
$400,757
Cap Rate 9%
$311,700
Alternative Uses
Best Use
Office B
$542.3K
$474.5K – $632.6K
NOI $37,958 @ 7.0% cap · market cap 9.86%
Second Best
Mixed Use
$400.8K
$350.7K – $467.6K
NOI $28,053 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$712.2K
$623.2K – $830.9K
NOI $49,856 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,162
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
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 - Renovated mixed-use building with five vacant office suites and one apartment in West Philadelphia.
Where is this mixed-use property located?
The property is located at 5627 CHESTER AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,078 SF mixed‑use building at 5627 Chester Avenue, Philadelphia, PA 19143; Five office suites and one apartment; Office suites currently vacant
