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 Market25
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
(215) 465-3733
Listed By:
Fred R Levine · License #RB043558A
Source:
Kableteam
Added: Aug 8
Changed: Aug 27
Last Checked: Aug 30 at 8:48PM
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
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 = 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
$59,400
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
8.79%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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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
