Storefront Property with Central
For Sale
$550,000
6131 Belfield Ave, Philadelphia, PA 19144
ICMX-zoned storefront with central air, forced-air heating, and natural gas service.
Property Size2,645 SF
Price / SF$207.94
Days on Market121
Property Features for 6131 Belfield Ave
General Information
Standard status
Active
Size
2,645 SF
Total Parking Spaces
20
Zoning
ICMX
Taxes and HOA fees
Annual Taxes
$3,443
Amenities
Central Air
Forced Air, Natural Gas
On Street
Building Details
Building Size
2,645 SF
Year Built
1945
Listing Agency:
(215) 504-6200
Listed By:
Shari Anderson · License #RS227668L
(215) 504-6200
Source:
Evrealestate
Added: Apr 15
Changed: Aug 10
Last Checked: Aug 12 at 6:08AM
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 Shari Anderson
Investment Insights
Based on property information with market context.
This storefront property at 6131 Belfield Ave comprises 2,645 SF and was built in 1945. Interior systems include central air and forced-air heating powered by natural gas. On-street parking is available, and the property is zoned ICMX.
The property is located at the intersection area of Chew and Belfield Avenues in Philadelphia, Pennsylvania. Its storefront configuration and existing mechanical systems provide a defined commercial building platform within the Philadelphia market.
The property is located at the intersection area of Chew and Belfield Avenues in Philadelphia, Pennsylvania. Its storefront configuration and existing mechanical systems provide a defined commercial building platform within the Philadelphia market.
Key Highlights
- 2,645 SF storefront property
- ICMX zoning
- Central air conditioning
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
$34,807
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
6.33%
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%
$696,140
$696.1K
Cap Rate 7%
$497,243
$497.2K
Cap Rate 9%
$386,744
$386.7K
Market Conditions
NOI Build-Up for 2,645 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
$58.1K $21.96/SF
− Vacancy
−$11.7K −$4.41/SF
EGI
$46.4K $17.55/SF
− OpEx
−$11.6K −$4.39/SF
NOI
$34.8K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$696,140
Cap Rate 7%
$497,243
Cap Rate 9%
$386,744
Alternative Uses
Best Use
Office B
$497.2K
$435.1K – $580.1K
NOI $34,807 @ 7.0% cap · market cap 6.33%
Second Best
Retail
$427.1K
$373.7K – $498.2K
NOI $29,894 @ 7.0% cap · market cap 5.44%
Theoretical Best
Multifamily LT 5
$644.8K
$564.2K – $752.3K
NOI $45,137 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Picking Flowers , Inc & Cc Boutique — Philadelphia, PA 19144
- Destiny Floral Design — 5702 Chew Ave #1716, Philadelphia, PA 19138
- Designs by Cleon Brown — 6043 Germantown Ave, Philadelphia, PA 19144
- DSM Flowers — 6334 Germantown Ave, Philadelphia, PA 19144
- Abundant Blooms — 6633 Germantown Ave 2nd floor, Philadelphia, PA 19119
Frequently Asked Questions
What type of property is this?
Storefront property - ICMX-zoned storefront with central air, forced-air heating, and natural gas service.
Where is this storefront property located?
The property is located at 6131 Belfield Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,645 SF storefront property; ICMX zoning; Central air conditioning
