Mixed-Use Property with
For Sale
$2,800,000
70347048 CASTOR AVENUE, Philadelphia, PA 19149
Income-producing commercial building with retail, entertainment, education, and second-floor office components.
Property Size16,530 SF
Lot Size0.32 Acres
Price / SF$169.39
Days on Market300
Property Features for 70347048 CASTOR AVENUE
General Information
Standard status
Active
Size
16,530 SF
Net Rentable
16,000 SF
Lot size
0.32 Acres
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$32,305
Amenities
Central Air
3
Carpet
Parking.
Driveway, On Street.
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
HomeSmart Realty Advisors
(215) 604-1191
Listed By:
Jackie Zhang · License #RS366943
(215) 470-1168
Source:
Xome
Added: Nov 8, 2025
Changed: Sep 2
Last Checked: Sep 2 at 2:49PM
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 HomeSmart Realty Advisors
Investment Insights
Based on property information with market context.
This mixed-use commercial property comprises a 16,530-square-foot building on a combined 0.32-acre parcel, with approximately 16,000 square feet of leasable area. The existing tenant roster includes a supermarket, language school, and KTV, while additional office space is available on the second floor. Interior features include central air and carpet, with parking provided by a driveway and on-street spaces.
The property is located along Castor Avenue in Philadelphia, within minutes of Cottman Avenue and approximately 2,000 feet from the Cottman & Bustleton Shopping Center. More than 300,000 residents are located within a 3-mile radius. The building dates to 1970 and includes space suited to retail, educational, entertainment, and professional office uses supported by the existing configuration.
The property is located along Castor Avenue in Philadelphia, within minutes of Cottman Avenue and approximately 2,000 feet from the Cottman & Bustleton Shopping Center. More than 300,000 residents are located within a 3-mile radius. The building dates to 1970 and includes space suited to retail, educational, entertainment, and professional office uses supported by the existing configuration.
Key Highlights
- 16,530‑square‑foot mixed‑use property on a combined 0.32‑acre parcel
- Approximately 16,000 square feet of leasable area
- Three existing tenants: supermarket, language school, and KTV
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
$218,196
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
7.79%
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%
$4,363,920
$4.4M
Cap Rate 7%
$3,117,086
$3.1M
Cap Rate 9%
$2,424,400
$2.4M
Market Conditions
NOI Build-Up for 16,530 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
$396.7K $24.00/SF
− Vacancy
−$47.6K −$2.88/SF
EGI
$349.1K $21.12/SF
− OpEx
−$130.9K −$7.92/SF
NOI
$218.2K $13.20/SF
Area
ZIP 19149
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$4,363,920
Cap Rate 7%
$3,117,086
Cap Rate 9%
$2,424,400
Alternative Uses
Best Use
Office B
$3.71M
$3.25M – $4.33M
NOI $259,879 @ 7.0% cap · market cap 9.28%
Second Best
Mixed Use
$3.12M
$2.73M – $3.64M
NOI $218,196 @ 7.0% cap · market cap 7.79%
Theoretical Best
Apartment 5plus
$31.65M
$27.69M – $36.92M
NOI $2,215,453 @ 7.0% cap · market cap 79.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing commercial building with retail, entertainment, education, and second-floor office components.
Where is this mixed-use property located?
The property is located at 70347048 CASTOR AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 16,530‑square‑foot mixed‑use property on a combined 0.32‑acre parcel; Approximately 16,000 square feet of leasable area; Three existing tenants: supermarket, language school, and KTV
