Mixed-Use Property For
For Sale
Contact for pricing
704 S 4th St, Philadelphia, PA 19147
Mixed-use property featuring 11,334 SqFt of commercial space.
Property Size11,334 SF
Price / SF$335.27
Days on Market160
Property Features for 704 S 4th St
General Information
Standard status
Active
Size
11,334 SF
Property subtype
Mixed Use, Retail
Occupancy
100%
Investment Type
Value Add
Building Details
Buildings
5
Stories
3
Units
8
Listing Agency:
MSC Retail
(215) 568-2600
Listed By:
Jesse Dubrow · License #RS362355
Source:
Crexi
Added: Mar 24
Changed: Aug 14
Last Checked: Aug 29 at 10:44AM
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 MSC Retail
Investment Insights
Based on property information with market context.
This mixed-use property offers 11,334 square feet of space. The property is being offered for sale and has a capitalization rate of 6.15%.
Key Highlights
- 6.15% CAP Rate
- Mixed Use Property
- 11,334 SqFt
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
$134,648
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
3.54%
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%
$2,692,960
$2.7M
Cap Rate 7%
$1,923,543
$1.9M
Cap Rate 9%
$1,496,089
$1.5M
Market Conditions
NOI Build-Up for 11,334 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
$244.8K $21.60/SF
− Vacancy
−$29.4K −$2.59/SF
EGI
$215.4K $19.01/SF
− OpEx
−$80.8K −$7.13/SF
NOI
$134.6K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /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%
$2,692,960
Cap Rate 7%
$1,923,543
Cap Rate 9%
$1,496,089
Alternative Uses
Best Use
Mixed Use
$1.92M
$1.68M – $2.24M
NOI $134,648 @ 7.0% cap · market cap 3.54%
Second Best
Retail
$1.83M
$1.60M – $2.13M
NOI $128,099 @ 7.0% cap · market cap 3.37%
Theoretical Best
Multifamily LT 5
$2.76M
$2.42M – $3.22M
NOI $193,414 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,041
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 55%
Dining 19%
Hotels & Casinos 16%
Shops & Services 8%
Whole Foods Market
Groceries
37,607 visits/mo
0.5 miles
Philadelphia Marriott Old City
Hotels & Casinos
14,972 visits/mo
0.5 miles
ACME Markets
Groceries
12,615 visits/mo
0.2 miles
Kung Fu Tea
Dining
7,072 visits/mo
0.5 miles
TD Bank
Shops & Services
6,416 visits/mo
0.2 miles
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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 - Mixed-use property featuring 11,334 SqFt of commercial space.
Where is this mixed-use property located?
The property is located at 704 S 4th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 6.15% CAP Rate; Mixed Use Property; 11,334 SqFt
