Building Details

Year Built 1915

Listing Agency: Liberty Real Estate

Listed By: Richard Q Li · License #RM421130 Show Phone

Source: Kandorre

Added: May 21 Changed: Sep 13 Last Checked: Oct 7 at 5:36PM

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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 Liberty Real Estate

Investment Insights

Based on property information with market context.

This mixed-use corner property includes two commercial units in the building. The first-floor space is leased to a grocery store, and the basement unit is leased to a contractor.

The building also contains apartment units, with four apartments in the main structure and one additional apartment on the first-floor rear. Public remarks indicate the property is located in the popular Chinatown area of north Philadelphia.

The current commercial and residential layout provides a combined income stream through retail and apartment tenancy within the same corner building.

Key Highlights

• Corner building in north Chinatown with 2 commercial units and multiple apartments
• First‑floor commercial unit is leased to a grocery store
• Basement commercial unit is leased to a contractor; formerly used as a hair salon

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,095

Cap Rate

8.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,461,900 $1.5M

Cap Rate 7%

$1,044,214 $1.0M

Cap Rate 9%

$812,167 $812.2K

Market Conditions

NOI Build-Up for 4,647 SF

Gross rent

$141.1K $30.36/SF

− Vacancy

−$8.2K −$1.76/SF

EGI

$132.9K $28.60/SF

− OpEx

−$59.8K −$12.87/SF

NOI

$73.1K $15.73/SF

Area

Philadelphia, PA

Vacancy

5.80%

Lease Rate

$30.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,461,900

Cap Rate 7%

$1,044,214

Cap Rate 9%

$812,167

Alternative Uses

Best Use

Apartment 5plus

$1.04M

$913.7K – $1.22M (±1% cap)

NOI $73,095 @ 7.0% cap · market cap 8.42%

Second Best

Specialty Retail

$961.9K

$841.7K – $1.12M (±1% cap)

NOI $67,335 @ 7.0% cap · market cap 7.76%

Theoretical Best

Multifamily LT 5

$1.13M

$991.3K – $1.32M (±1% cap)

NOI $79,301 @ 7.0% cap · market cap 9.14%

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

Property Analytics

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Open Analytics

Current Use

Mary’s Latino Mini ... Grocery & Convenience Store UPS Access Point ... Courier Service

Suggested Use

Top Pick Tanning Salon Pet Grooming Service Electrical Service Clothing & Fashion Store (Bike/Boat/Book/etc) Store Nursing Home

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

5,285

Businesses Nearby

Explore this area Business Placement

Demographics for 19123, PA

18,793

Population

10,636

Households

1.8

Avg Household Size

33

Median Age

66%

College-Educated

93%

High-School Grad

1.3 sq mi

ZIP Area

14,456

Density / Sq Mi

$95,872

Median Household Income

$73,760

Median Earnings

$1,687

Median Rent

$544,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner building with two commercial units and multiple apartments, including a first-floor grocery tenant.

Where is this mixed-use property located?

The property is located at 619 N 11th St Philadelphia, PA.

What is the asking price?

The asking price for this property is $868,000.

What are key features of this property?

This property features: Corner building in north Chinatown with 2 commercial units and multiple apartments; First‑floor commercial unit is leased to a grocery store; Basement commercial unit is leased to a contractor; formerly used as a hair salon