Building Details

Building Size 1,500 SF

Year Built 1945

Stories 2

Tenancy Multi

Listing Agency: Realty Mark Associates

Listed By: Jerry Kalusz · License #AB047538L Show Phone

Source: Lizclarkrealestate

Added: Jun 23, 2025 Changed: Oct 3 Last Checked: Oct 5 at 11:45PM

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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 Realty Mark Associates

Investment Insights

Based on property information with market context.

Built in 1945, this two-level mixed-use property combines a nail salon on the first floor with an apartment above. Both spaces are occupied under month-to-month arrangements, providing an established commercial and residential configuration.

The property is located at 7155 Torresdale Avenue in Philadelphia, near Torresdale and Cottman. The first-floor salon and second-floor apartment offer distinct uses within one building, with current occupancy across both levels.

Key Highlights

• First‑floor nail salon
• Second‑floor apartment
• Both spaces leased month to month

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,820

Cap Rate

6.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$356,400 $356.4K

Cap Rate 7%

$254,571 $254.6K

Cap Rate 9%

$198,000 $198.0K

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$32.4K $21.60/SF

− Vacancy

−$3.9K −$2.59/SF

EGI

$28.5K $19.01/SF

− OpEx

−$10.7K −$7.13/SF

NOI

$17.8K $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 Rate 5%

$356,400

Cap Rate 7%

$254,571

Cap Rate 9%

$198,000

Alternative Uses

Best Use

Mixed Use

$254.6K

$222.8K – $297.0K (±1% cap)

NOI $17,820 @ 7.0% cap · market cap 6.04%

Second Best

Retail

$242.2K

$211.9K – $282.6K (±1% cap)

NOI $16,953 @ 7.0% cap · market cap 5.75%

Theoretical Best

Multifamily LT 5

$365.7K

$320.0K – $426.6K (±1% cap)

NOI $25,597 @ 7.0% cap · market cap 8.68%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Lily’s Nails & Spa ... Nail Salon X1 Nail & Spa Nail Salon Kaylie Nails And Spa Nail Salon Kiwi Nails Hair Salon

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,627

Businesses Nearby

54k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 51% Shops & Services 47% Home Improvements & Furnishings 1%

Dunkin' Donuts Dining

15,388 visits/mo 0.1 miles

Popeyes Louisiana Kitchen Dining

12,604 visits/mo 0.0 miles

Sunoco Shops & Services

12,241 visits/mo 0.1 miles

Sunoco Shops & Services

8,641 visits/mo 0.4 miles

7-Eleven Shops & Services

4,805 visits/mo 0.4 miles

Demographics for 19135, PA

35,422

Population

14,323

Households

2.5

Avg Household Size

34

Median Age

16%

College-Educated

82%

High-School Grad

2.3 sq mi

ZIP Area

15,401

Density / Sq Mi

$51,817

Median Household Income

$38,673

Median Earnings

$1,197

Median Rent

$182,900

Median Home Value

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019

8.2% 2020

7.8% 2021

6.6% 2022

6.2% 2023

5.5% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-floor nail salon with an upper-level apartment creates a flexible mixed-use configuration.

Where is this mixed-use property located?

The property is located at 7155 TORRESDALE AVENUE Philadelphia, PA.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: First‑floor nail salon; Second‑floor apartment; Both spaces leased month to month