Queen Village Mixed-Use
For Sale
Contact for pricing
707 S 4th St, Philadelphia, PA 19147
Fully occupied mixed-use property in desirable Queen Village neighborhood.
Property Size6,217 SF
Price / SF$293.55
Days on Market143
Property Features for 707 S 4th St
General Information
Standard status
Active
Size
6,217 SF
Property subtype
Mixed Use, Retail
Occupancy
100%
Investment Type
Value Add
Building Details
Units
8
Tenancy
Multi
Listing Agency:
MSC Retail
(215) 568-2600
Listed By:
Jesse Dubrow · License #RS362355
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 11 at 11:26AM
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.
Located in the heart of Queen Village, Philadelphia, the property at 707-711 S 4th Street is a mixed-use assemblage of three buildings. The fully occupied, stabilized asset features three ground-floor commercial spaces and five residential units on the floors above. The property has been professionally managed for over five years and is in strong condition. Queen Village is known for its historic charm, strong community, and prime location just south of Center City. The residential market includes colonial-era rowhomes, new construction townhouses, and boutique condo developments. The commercial market is anchored by South Street and Fabric Row, featuring a mix of retail, boutique shops, restaurants, and service-based businesses. The property is a 6,217 square foot space that presents an opportunity for investors seeking steady cash flow in a desirable neighborhood. Current rental rates have room for growth, providing investors with both immediate income and long-term value appreciation. The property is suitable for investors looking for stability and long-term growth.
Key Highlights
- Fully occupied, stabilized mixed‑use property in Queen Village, Philadelphia.
- Located in Queen Village, a highly desirable neighborhood known for its historic charm.
- Professionally managed for over five years and in strong condition.
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
$97,790
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
5.36%
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%
$1,955,800
$2.0M
Cap Rate 7%
$1,397,000
$1.4M
Cap Rate 9%
$1,086,556
$1.1M
Market Conditions
NOI Build-Up for 6,217 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
$188.7K $30.36/SF
− Vacancy
−$10.9K −$1.76/SF
EGI
$177.8K $28.60/SF
− OpEx
−$80.0K −$12.87/SF
NOI
$97.8K $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%
$1,955,800
Cap Rate 7%
$1,397,000
Cap Rate 9%
$1,086,556
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,790 @ 7.0% cap · market cap 5.36%
Second Best
Mixed Use
$1.06M
$923.2K – $1.23M
NOI $73,858 @ 7.0% cap · market cap 4.05%
Theoretical Best
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,092 @ 7.0% cap · market cap 5.81%
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
Explore this area
Business Placement
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied mixed-use property in desirable Queen Village neighborhood.
Where is this mixed-use property located?
The property is located at 707 S 4th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Fully occupied, stabilized mixed‑use property in Queen Village, Philadelphia.; Located in Queen Village, a highly desirable neighborhood known for its historic charm.; Professionally managed for over five years and in strong condition.
