Live-Work Space with Three-Sided
For Sale
$676,000
5824 N Broad St, Philadelphia, PA 19141
Flexible commercial space offers parking and convenient access to public transportation.
Property Size5,000 SF
Price / SF$135.20
Days on Market71
Property Features for 5824 N Broad St
General Information
Standard status
Active
Size
5,000 SF
Additional Details
Public Transit
Yes
Building Details
Year Built
1925
Listing Agency:
Fred R Levine Real Estate
Listed By:
Fred R Levine · License #RB043558A
(215) 465-3733
Source:
Kableteam
Added: Aug 8
Changed: Oct 15
Last Checked: Oct 7 at 2:34PM
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 Fred R Levine Real Estate
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Investment Insights
Based on property information with market context.
This 5,000-square-foot live-work property, built in 1925, combines commercial utility with space for residential use. Windows on three sides provide natural light, while on-site parking supports daily occupancy and operations. The property also offers 24-hour access to public transportation.
The Broad Street location is near Central High School and Girls High School, with Temple University and Temple Hospital down the street. Jefferson Einstein Hospital is a few blocks away, adding proximity to major educational and medical institutions.
The Broad Street location is near Central High School and Girls High School, with Temple University and Temple Hospital down the street. Jefferson Einstein Hospital is a few blocks away, adding proximity to major educational and medical institutions.
Key Highlights
- 5,000‑square‑foot live‑work property
- Built in 1925
- Windows on three sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,400
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,000
$1.2M
Cap Rate 7%
$848,571
$848.6K
Cap Rate 9%
$660,000
$660.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$108.0K $21.60/SF
− Vacancy
−$13.0K −$2.59/SF
EGI
$95.0K $19.01/SF
− OpEx
−$35.6K −$7.13/SF
NOI
$59.4K $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%
$1,188,000
Cap Rate 7%
$848,571
Cap Rate 9%
$660,000
Alternative Uses
Best Use
Office B
$940.0K
$822.5K – $1.10M
NOI $65,798 @ 7.0% cap · market cap 9.73%
Second Best
Mixed Use
$848.6K
$742.5K – $990.0K
NOI $59,400 @ 7.0% cap · market cap 8.79%
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,445
Businesses Nearby
Explore this area
Business Placement
Demographics for 19141, PA
31,047
Population
16,290
Households
1.9
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
18,263
Density / Sq Mi
$42,461
Median Household Income
$34,464
Median Earnings
$1,009
Median Rent
$143,400
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 Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Live-work space - Flexible commercial space offers parking and convenient access to public transportation.
Where is this live-work space located?
The property is located at 5824 N Broad St Philadelphia, PA.
What is the asking price?
The asking price for this property is $676,000.
What are key features of this property?
This property features: 5,000‑square‑foot live‑work property; Built in 1925; Windows on three sides
