First-Floor Office Units with
For Sale
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813 N 5TH STREET, Philadelphia, PA 19123
Turnkey workspace includes private offices, shared work areas, a kitchen, and an attached garage.
Property Size4,569 SF
Price / SF$1.29
Days on Market89
Property Features for 813 N 5TH STREET
General Information
Standard status
Active
Size
4,569 SF
Property subtype
Commercial
Site & Location
Neighborhood
Queen Village
Public Transit
Yes
Additional Details
Floor
1
Amenities
game room
full kitchen
Building Details
Year Built
1900
Listing Agency:
Walter M Wood Jr Inc
(215) 386-2800
Listed By:
Lauren Jessica Baumholtz · License #RS362926
(610) 513-4455
Source:
Cummingsrealtors
Added: Aug 3
Changed: Oct 29
Last Checked: Oct 28 at 7:37AM
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 Walter M Wood Jr Inc
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Investment Insights
Based on property information with market context.
The entire first floor provides 4,569 square feet of turnkey office space within a building constructed in 1900. The layout combines private offices with collaborative work areas, along with a game room and full kitchen that can support staff amenities or meetings. An attached garage adds on-site parking and loading access.
The property is located in Northern Liberties, Philadelphia, near restaurants, boutique shopping, and public transportation. The existing buildout offers an immediately usable office configuration while allowing future occupants to adapt the space to their operational needs.
The property is located in Northern Liberties, Philadelphia, near restaurants, boutique shopping, and public transportation. The existing buildout offers an immediately usable office configuration while allowing future occupants to adapt the space to their operational needs.
Key Highlights
- 4,569 SQFT of first‑floor office space
- Entire first floor occupied by the office units
- Multiple private offices and collaborative work areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,126
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,520
$1.2M
Cap Rate 7%
$858,943
$858.9K
Cap Rate 9%
$668,067
$668.1K
Market Conditions
NOI Build-Up for 4,569 SF
Gross rent
$100.3K $21.96/SF
− Vacancy
−$20.2K −$4.41/SF
EGI
$80.2K $17.55/SF
− OpEx
−$20.0K −$4.39/SF
NOI
$60.1K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,520
Cap Rate 7%
$858,943
Cap Rate 9%
$668,067
Alternative Uses
Best Use
Office B
$858.9K
$751.6K – $1.00M
NOI $60,126 @ 7.0% cap · market cap 1,019.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.11M
$974.6K – $1.30M
NOI $77,970 @ 7.0% cap · market cap 1,321.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,467
Businesses Nearby
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Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office unit - Turnkey workspace includes private offices, shared work areas, a kitchen, and an attached garage.
Where is this office unit located?
The property is located at 813 N 5TH STREET Philadelphia, PA.
What are key features of this property?
This property features: 4,569 SQFT of first‑floor office space; Entire first floor occupied by the office units; Multiple private offices and collaborative work areas
