Storefront Property with
New
For Sale
$559,000
6700 WOODLAND AVENUE, Philadelphia, PA 19142
Storefront property with garage, driveway access, and forced-air heating.
Property Size2,288 SF
Days on Market3
Property Features for 6700 WOODLAND AVENUE
General Information
Standard status
Active
Size
2,288 SF
Total Parking Spaces
2
Zoning
CMX2
Taxes and HOA fees
Annual Taxes
$3,380
Amenities
None, Electric
Natural Gas, Forced Air
Gas Water Heater
On Street, Garage, Driveway
Building Details
Building Size
2,288 SF
Year Built
1920
Listing Agency:
Liberty Real Estate
(267) 767-7612
Listed By:
Richard Q Li · License #RM421130
(267) 767-7612
Source:
Evrealestate
Added: Aug 11
Changed: Aug 13
Last Checked: Aug 13 at 5:07AM
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 storefront property at 6700 Woodland Avenue includes a garage, driveway, and on-street parking. Building systems include electric service, natural gas, forced-air heating, and a gas water heater.
Constructed in 1920, the property is located in Philadelphia, Pennsylvania, and carries CMX2 zoning. The combination of storefront configuration, on-site garage and driveway access, and multiple utility features provides a practical commercial property profile.
Constructed in 1920, the property is located in Philadelphia, Pennsylvania, and carries CMX2 zoning. The combination of storefront configuration, on-site garage and driveway access, and multiple utility features provides a practical commercial property profile.
Key Highlights
- CMX2 zoning in Philadelphia
- Storefront property at 6700 Woodland Avenue
- Garage, driveway, and on‑street parking
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
$25,859
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
4.63%
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%
$517,180
$517.2K
Cap Rate 7%
$369,414
$369.4K
Cap Rate 9%
$287,322
$287.3K
Market Conditions
NOI Build-Up for 2,288 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
$41.2K $18.00/SF
− Vacancy
−$4.2K −$1.85/SF
EGI
$36.9K $16.15/SF
− OpEx
−$11.1K −$4.84/SF
NOI
$25.9K $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%
$517,180
Cap Rate 7%
$369,414
Cap Rate 9%
$287,322
Alternative Uses
Best Use
Retail
$369.4K
$323.2K – $431.0K
NOI $25,859 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$557.8K
$488.1K – $650.7K
NOI $39,044 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 26%
Dollar General
Shops & Services
13,016 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,399 visits/mo
0.4 miles
AutoZone
Shops & Services
6,834 visits/mo
0.5 miles
M&T Bank
Shops & Services
2,918 visits/mo
0.4 miles
H&R Block
Shops & Services
2,470 visits/mo
0.4 miles
Demographics for 19142, PA
29,565
Population
12,943
Households
2.3
Avg Household Size
33
Median Age
13%
College-Educated
82%
High-School Grad
1.7 sq mi
ZIP Area
17,391
Density / Sq Mi
$42,812
Median Household Income
$32,763
Median Earnings
$1,269
Median Rent
$110,400
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.
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property with garage, driveway access, and forced-air heating.
Where is this storefront property located?
The property is located at 6700 WOODLAND AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: CMX2 zoning in Philadelphia; Storefront property at 6700 Woodland Avenue; Garage, driveway, and on‑street parking
