Storefront With Basement
For Sale
$279,900
818 S 4TH STREET Unit A, Philadelphia, PA 19147
First-floor commercial space with retail windows, elevated ceilings, central air, and access to a shared courtyard.
Property Size960 SF
Price / SF$291.56
Days on Market77
Property Features for 818 S 4TH STREET Unit A
General Information
Standard status
Active
Size
960 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$2,306
Amenities
Central Air
3
Parking.
On Street.
0.00 x 0.00
Building Details
Year Built
1900
Listing Agency:
KW Empower
(267) 987-4443
Listed By:
Christopher Somers · License #RS278328
(267) 987-4443
Source:
Xome
Added: Jun 15
Changed: Aug 29
Last Checked: Aug 30 at 2:01PM
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 KW Empower
Investment Insights
Based on property information with market context.
This commercial storefront occupies the first floor of a property built in 1900 and includes large retail windows, high ceilings, track lighting, and a newly installed powder room. The lower level adds a small kitchen area, substantial storage, and a full bathroom. Central air and electric heat serve the premises, while the rear entrance connects to a shared courtyard suitable for outdoor meetings or breaks.
Located at 818 S 4th Street in Philadelphia’s Queen Village, the property sits on a block with a mix of residential and commercial uses, including studios, shops, galleries, and salons. Cafes, restaurants, and Mario Lanza Park are nearby. The space is currently operating as a ladies salon under a lease expiring August 31st, 2026.
Located at 818 S 4th Street in Philadelphia’s Queen Village, the property sits on a block with a mix of residential and commercial uses, including studios, shops, galleries, and salons. Cafes, restaurants, and Mario Lanza Park are nearby. The space is currently operating as a ladies salon under a lease expiring August 31st, 2026.
Key Highlights
- First‑floor commercial storefront at 818 S 4th Street Unit A, Philadelphia, PA 19147
- Large retail windows, high ceilings, new track lighting, and a first‑floor powder room
- Lower level includes a small kitchen area, storage space, and full bathroom
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
$12,633
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
4.51%
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%
$252,660
$252.7K
Cap Rate 7%
$180,471
$180.5K
Cap Rate 9%
$140,367
$140.4K
Market Conditions
NOI Build-Up for 960 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
$21.1K $21.96/SF
− Vacancy
−$4.2K −$4.41/SF
EGI
$16.8K $17.55/SF
− OpEx
−$4.2K −$4.39/SF
NOI
$12.6K $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 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%
$252,660
Cap Rate 7%
$180,471
Cap Rate 9%
$140,367
Alternative Uses
Best Use
Office B
$180.5K
$157.9K – $210.6K
NOI $12,633 @ 7.0% cap · market cap 4.51%
Second Best
Retail
$155.0K
$135.6K – $180.8K
NOI $10,850 @ 7.0% cap · market cap 3.88%
Theoretical Best
Multifamily LT 5
$234.0K
$204.8K – $273.0K
NOI $16,382 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,467
Businesses Nearby
Under-served
Demand for This Use
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 Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - First-floor commercial space with retail windows, elevated ceilings, central air, and access to a shared courtyard.
Where is this storefront property located?
The property is located at 818 S 4TH STREET Unit A Philadelphia, PA.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: First‑floor commercial storefront at 818 S 4th Street Unit A, Philadelphia, PA 19147; Large retail windows, high ceilings, new track lighting, and a first‑floor powder room; Lower level includes a small kitchen area, storage space, and full bathroom
