Historic Masonry Storefront
For Sale
$850,000
63586360 STENTON AVENUE, Philadelphia, PA 19138
Commercial storefront with long-standing dry-cleaner use and on-site and street parking options.
Property Size5,014 SF
Price / SF$169.53
Days on Market9
Property Features for 63586360 STENTON AVENUE
General Information
Standard status
Active
Size
5,014 SF
Property subtype
Mixed Use
Financials
Asking Price
$850,000
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,332
Amenities
Energy Star
Parking.
On Street, Lot.
Building Details
Year Built
1900
Buildings
2
Construction
masonry
Listing Agency:
(215) 782-3666
Listed By:
Sky City Properties
(267) 277-3103
Source:
Xome
Added: Aug 25
Changed: Sep 2
Last Checked: Sep 1 at 5:01PM
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 Sky City Properties
Investment Insights
Based on property information with market context.
This 5,014-square-foot storefront property dates to 1900 and features masonry construction. The commercial space was operated as a dry cleaner for 30 years, providing a clearly established prior use. Interior features include Energy Star equipment or improvements, and exterior parking is identified as both on-site and on-street.
The offering includes the properties identified as 6358 and 6360 Stenton Avenue in Philadelphia, Pennsylvania 19138. The combined sale presents a commercial storefront asset with a documented operating history and practical parking availability. The property’s age, masonry construction, and existing commercial configuration define the physical profile of the offering.
The offering includes the properties identified as 6358 and 6360 Stenton Avenue in Philadelphia, Pennsylvania 19138. The combined sale presents a commercial storefront asset with a documented operating history and practical parking availability. The property’s age, masonry construction, and existing commercial configuration define the physical profile of the offering.
Key Highlights
- 5,014‑square‑foot storefront property
- Built in 1900 with masonry construction
- Commercial space operated as a dry cleaner for 30 years
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
$56,669
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
6.67%
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%
$1,133,380
$1.1M
Cap Rate 7%
$809,557
$809.6K
Cap Rate 9%
$629,656
$629.7K
Market Conditions
NOI Build-Up for 5,014 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
$90.3K $18.00/SF
− Vacancy
−$9.3K −$1.85/SF
EGI
$81.0K $16.15/SF
− OpEx
−$24.3K −$4.84/SF
NOI
$56.7K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,133,380
Cap Rate 7%
$809,557
Cap Rate 9%
$629,656
Alternative Uses
Best Use
Retail
$809.6K
$708.4K – $944.5K
NOI $56,669 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.43M
NOI $85,563 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Lukoil
Shops & Services
2,515 visits/mo
0.5 miles
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sunshine Daisies by Becky — e northwestern ave, springfield township, pa 19118
- Coupe Flowers Inc — 625 Bethlehem Pike, Glenside, PA 19038
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with long-standing dry-cleaner use and on-site and street parking options.
Where is this storefront property located?
The property is located at 63586360 STENTON AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 5,014‑square‑foot storefront property; Built in 1900 with masonry construction; Commercial space operated as a dry cleaner for 30 years
