Built-Out Office
For Sale
$549,900
818 N 4TH Street, Philadelphia, PA 19123
Commercial Sale, PHILADELPHIA, PA
Property Size1,548 SF
Price / SF$355.23
Days on Market65
Property Features for 818 N 4TH Street
General Information
Property type
Other
Property subtype
Office
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
3460
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2017
Building materials
Masonry
Listing Agency:
Penn-Jersey Realty, LLC
(215) 639-4800
Listed By:
James A. Olivieri · License #RM424469
(267) 339-4341
Added: Aug 15
Changed: Sep 26
Last Checked: Oct 18 at 3:06PM
MLS# PAPH2659760
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office condominium provides approximately 1,548 square feet of professionally finished space in a masonry building completed in 2017. The suite has a flexible full build-out, level entry without stairs, central air conditioning, forced-air heating, and separately metered utilities. On-street parking serves the property, while the configuration can accommodate a range of professional office or studio operations.
The property is located at 818 N 4th Street in Philadelphia, on a walkable corridor near cafes, restaurants, and shops. Access to I-95, public transportation, and Center City adds connectivity for employees, clients, and visitors. The combination of accessible entry, established improvements, and a central Philadelphia setting supports both owner occupancy and continued office use.
The property is located at 818 N 4th Street in Philadelphia, on a walkable corridor near cafes, restaurants, and shops. Access to I-95, public transportation, and Center City adds connectivity for employees, clients, and visitors. The combination of accessible entry, established improvements, and a central Philadelphia setting supports both owner occupancy and continued office use.
Key Highlights
- Approximately 1,548 square feet of office condominium space
- Masonry construction with 2017 year built
- Full build‑out with flexible office layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,371
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$407,420
$407.4K
Cap Rate 7%
$291,014
$291.0K
Cap Rate 9%
$226,344
$226.3K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$34.0K $21.96/SF
− Vacancy
−$6.8K −$4.41/SF
EGI
$27.2K $17.55/SF
− OpEx
−$6.8K −$4.39/SF
NOI
$20.4K $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%
$407,420
Cap Rate 7%
$291,014
Cap Rate 9%
$226,344
Alternative Uses
Best Use
Office B
$291.0K
$254.6K – $339.5K
NOI $20,371 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$377.4K
$330.2K – $440.3K
NOI $26,416 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,401
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office units - Accessible professional suite with separate utility metering, central air, and flexible space for an owner-user or investor.
Where is this office units located?
The property is located at 818 N 4TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Approximately 1,548 square feet of office condominium space; Masonry construction with 2017 year built; Full build‑out with flexible office layout
