Building Details

Building Size 12,790 SF

Year Built 1900

Listing Agency: RE/MAX Services Show Phone

Listed By: Brian B. Kang · License #RS276051 Show Phone

Source: Kempandassociatesre

Added: Oct 26 Changed: Oct 28 Last Checked: Oct 28 at 12:28PM

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Investment Insights

Based on property information with market context.

This two-story commercial property contains 12,790 square feet, with four occupied units at street level. Current occupants include Citizens Bank and Restaurant Food Market. The building was constructed in 1900 and is zoned CMX25.

The property is on Germantown Avenue near Chelten Avenue, along a business corridor described as having substantial pedestrian and vehicle activity.

Key Highlights

• 12,790‑square‑foot, two‑story commercial property
• Four occupied units at street level
• Tenants include Citizens Bank and Restaurant Food Market

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$144,555

Cap Rate

7.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,891,100 $2.9M

Cap Rate 7%

$2,065,071 $2.1M

Cap Rate 9%

$1,606,167 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,790 SF

Gross rent

$230.2K $18.00/SF

− Vacancy

−$23.7K −$1.85/SF

EGI

$206.5K $16.15/SF

− OpEx

−$62.0K −$4.84/SF

NOI

$144.6K $11.30/SF

Area

Philadelphia, PA

Vacancy

10.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,891,100

Cap Rate 7%

$2,065,071

Cap Rate 9%

$1,606,167

Alternative Uses

Best Use

Specialty Retail

$2.65M

$2.32M – $3.09M (±1% cap)

NOI $185,327 @ 7.0% cap · market cap 9.27%

Second Best

Retail

$2.07M

$1.81M – $2.41M (±1% cap)

NOI $144,555 @ 7.0% cap · market cap 7.23%

Theoretical Best

Multifamily LT 5

$3.12M

$2.73M – $3.64M (±1% cap)

NOI $218,260 @ 7.0% cap · market cap 10.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service HVAC Service Big Box & Wholesale Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,945

Businesses Nearby

119k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 63% Shops & Services 27% Groceries 6% Electronics 2%

McDonald's Dining

22,820 visits/mo 0.1 miles

Wendy's Dining

17,023 visits/mo 0.5 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 0.4 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

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019

8.2% 2020

7.8% 2021

6.6% 2022

6.2% 2023

5.5% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Four occupied street-facing units include Citizens Bank and Restaurant Food Market.

Where is this storefront property located?

The property is located at 5701-07 Germantown Avenue Philadelphia, PA.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: 12,790‑square‑foot, two‑story commercial property; Four occupied units at street level; Tenants include Citizens Bank and Restaurant Food Market