Built-Out Office
For Sale
$599,900
818 N 4th Street Comm, Philadelphia, PA 19123
Accessible professional workspace with central air, natural gas heat, and separately metered utilities.
Property Size1,548 SF
Price / SF$387.53
Days on Market60
Property Features for 818 N 4th Street Comm
General Information
Standard status
Active
Size
1,548 SF
Site & Location
Neighborhood
Fabric Row
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Amenities
central air conditioning
natural gas heat
separately metered utilities
level entry
Building Details
Year Built
2017
Buildings
1
Construction
masonry
Listing Agency:
Penn-Jersey Realty, LLC
Listed By:
James A. Olivieri · License #RM424469
(267) 339-4341
Source:
Upgradebymichaud
Added: Sep 5
Changed: Oct 25
Last Checked: Nov 1 at 2:51PM
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 Penn-Jersey Realty, LLC
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Investment Insights
Based on property information with market context.
This office condominium contains approximately 1,548 square feet in a masonry building constructed in 2017. The full build-out includes central air conditioning, natural gas heat, and separately metered utilities. A level, no-stairs entrance provides convenient access for staff and clients, while the flexible layout supports professional office or creative studio use.
The property is located at 818 N 4th Street in Philadelphia's 19123 ZIP code, on a walkable stretch near cafes, restaurants, and shops. The setting also offers access to I-95, public transit, and Center City. On-street parking provides an additional everyday convenience.
The property is located at 818 N 4th Street in Philadelphia's 19123 ZIP code, on a walkable stretch near cafes, restaurants, and shops. The setting also offers access to I-95, public transit, and Center City. On-street parking provides an additional everyday convenience.
Key Highlights
- Approximately 1,548 square feet of office space
- Built in 2017 with masonry construction
- Full build‑out suitable for office or creative studio use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,371
Cap Rate
3.40%
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 3.40%
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 4.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,467
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
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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 unit - Accessible professional workspace with central air, natural gas heat, and separately metered utilities.
Where is this office unit located?
The property is located at 818 N 4th Street Comm Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Approximately 1,548 square feet of office space; Built in 2017 with masonry construction; Full build‑out suitable for office or creative studio use
