Building Details

Building Size 1,754 SF

Year Built 1945

Buildings 1

Stories 2

Listing Agency: Cheltenham Realty

Listed By: Pumsu Lim · License #SB065541 Show Phone

Source: Mainlinekw

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 14 at 11:22PM

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Investment Insights

Based on property information with market context.

This 1,754-square-foot mixed-use property at 5911 N 5th Street has a retail storefront on the first floor and a two-bedroom apartment on the second. Hardwood floors run throughout the apartment. A full basement, accessible from inside and outside the building, provides additional space, and a small lot sits behind the property. The building dates to 1945.

On-street parking serves the property, which is located in Philadelphia’s Olney business district.

Key Highlights

• 1,754 square feet of mixed‑use space
• First‑floor retail storefront
• Second‑floor apartment with 2 bedrooms and hardwood floors throughout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,066

Cap Rate

5.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$301,320 $301.3K

Cap Rate 7%

$215,229 $215.2K

Cap Rate 9%

$167,400 $167.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,754 SF

Gross rent

$24.0K $13.68/SF

− Vacancy

−$2.5K −$1.41/SF

EGI

$21.5K $12.27/SF

− OpEx

−$6.5K −$3.68/SF

NOI

$15.1K $8.59/SF

Area

ZIP 19120

Vacancy

10.30%

Lease Rate

$13.68 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$301,320

Cap Rate 7%

$215,229

Cap Rate 9%

$167,400

Alternative Uses

Best Use

Retail

$215.2K

$188.3K – $251.1K (±1% cap)

NOI $15,066 @ 7.0% cap · market cap 5.82%

Second Best

Mixed Use

$215.0K

$188.1K – $250.8K (±1% cap)

NOI $15,049 @ 7.0% cap · market cap 5.81%

Theoretical Best

Office A

$419.0K

$366.6K – $488.8K (±1% cap)

NOI $29,329 @ 7.0% cap · market cap 11.32%

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

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Skin Care Clinic Parking Lot & Garage Gym & Fitness Center

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

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

1,460

Businesses Nearby

2k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Spencer's Shops & Services

2,210 visits/mo 0.2 miles

Demographics for 19120, PA

66,177

Population

25,730

Households

2.6

Avg Household Size

35

Median Age

13%

College-Educated

77%

High-School Grad

3.2 sq mi

ZIP Area

20,680

Density / Sq Mi

$51,993

Median Household Income

$32,980

Median Earnings

$1,186

Median Rent

$143,500

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?

Mixed-use property - Ground-floor storefront space is paired with a two-bedroom apartment above.

Where is this mixed-use property located?

The property is located at 5911 N 5TH STREET Philadelphia, PA.

What is the asking price?

The asking price for this property is $259,000.

What are key features of this property?

This property features: 1,754 square feet of mixed‑use space; First‑floor retail storefront; Second‑floor apartment with 2 bedrooms and hardwood floors throughout