Mixed-Use Retail and Apartment
For Sale
$495,000
6613 Ridge Ave, Philadelphia, PA 19128
Storefront with a 2-story apartment building available for sale or NNN lease in Roxborough.
Property Size2,839 SF
Price / SF$174.36
Days on Market53
Property Features for 6613 Ridge Ave
General Information
Standard status
Active
Size
2,839 SF
Lease Type
NNN
Building Details
Year Built
1930
Listing Agency:
Keller Williams Realty Devon-Wayne
Listed By:
Mark Burkert · License #RS329356
(215) 280-3903
Source:
Kandorre
Added: Jul 24
Changed: Sep 10
Last Checked: Sep 13 at 12:29PM
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 Keller Williams Realty Devon-Wayne
Investment Insights
Based on property information with market context.
This mixed-use property includes storefront space along with a 2-story apartment component, available for sale or NNN lease. The building is offered as-is with existing equipment included, and listing photos are from a previous listing.
The property is positioned in the heart of Roxborough, with high reported traffic counts for both driving and walking. Prospective buyers and tenants should confirm permitted uses with the City of Philadelphia zoning department prior to occupancy.
The property is positioned in the heart of Roxborough, with high reported traffic counts for both driving and walking. Prospective buyers and tenants should confirm permitted uses with the City of Philadelphia zoning department prior to occupancy.
Key Highlights
- Mixed‑use storefront with a 2‑story apartment building available for sale or NNN lease in Roxborough.
- High traffic counts for both driving and walking.
- Restaurant businesses have operated at the property for decades.
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
$44,656
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
9.02%
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%
$893,120
$893.1K
Cap Rate 7%
$637,943
$637.9K
Cap Rate 9%
$496,178
$496.2K
Market Conditions
NOI Build-Up for 2,839 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
$86.2K $30.36/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$81.2K $28.60/SF
− OpEx
−$36.5K −$12.87/SF
NOI
$44.7K $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 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%
$893,120
Cap Rate 7%
$637,943
Cap Rate 9%
$496,178
Alternative Uses
Best Use
Apartment 5plus
$637.9K
$558.2K – $744.3K
NOI $44,656 @ 7.0% cap · market cap 9.02%
Second Best
Specialty Retail
$587.7K
$514.2K – $685.6K
NOI $41,137 @ 7.0% cap · market cap 8.31%
Theoretical Best
Multifamily LT 5
$692.1K
$605.6K – $807.5K
NOI $48,447 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
152k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 27%
Dining 21%
Electronics 3%
Wawa
Shops & Services
40,816 visits/mo
0.1 miles
ShopRite
Groceries
40,435 visits/mo
0.3 miles
Dunkin' Donuts
Dining
14,538 visits/mo
0.5 miles
Dollar Tree
Shops & Services
14,395 visits/mo
0.5 miles
Sunoco
Shops & Services
8,461 visits/mo
0.5 miles
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Storefront with a 2-story apartment building available for sale or NNN lease in Roxborough.
Where is this mixed-use property located?
The property is located at 6613 Ridge Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Mixed‑use storefront with a 2‑story apartment building available for sale or NNN lease in Roxborough.; High traffic counts for both driving and walking.; Restaurant businesses have operated at the property for decades.
