Mixed-Use Building with
For Sale
$1,450,000
826 N Broad Street Unit 3, Philadelphia, PA 19130
Residential units and a ground-floor storefront create a diversified mixed-use configuration.
Property Size7,399 SF
Price / SF$195.97
Days on Market210
Property Features for 826 N Broad Street Unit 3
General Information
Standard status
Active
Size
7,399 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$16,450
Amenities
Central Air
3
CMX4
No Parking.
Building Details
Year Built
2015
Listing Agency:
Acquisition Team LLC
(856) 214-5397
Listed By:
Eugene Zlotnikov · License #RS319486
(856) 214-5397
Source:
Xome
Added: Feb 2
Changed: Aug 30
Last Checked: Aug 31 at 1:26PM
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 Acquisition Team LLC
Investment Insights
Based on property information with market context.
Located at 826 N Broad Street in Philadelphia, this 7,399-square-foot mixed-use building was constructed in 2015 and combines four residential apartments with a ground-floor commercial storefront. The property includes central air, a private elevator, and no parking.
Two of the apartments are bi-level layouts with private rooftop terraces. Two units are leased to a professional short-term rental operator under a multi-year agreement with built-in rent escalations. CMX-4 zoning permits short-term rentals by right, adding flexibility to the residential component. The building’s combination of apartments, commercial space, elevator access, and rooftop amenities creates a distinctive urban configuration within ZIP code 19130.
Two of the apartments are bi-level layouts with private rooftop terraces. Two units are leased to a professional short-term rental operator under a multi-year agreement with built-in rent escalations. CMX-4 zoning permits short-term rentals by right, adding flexibility to the residential component. The building’s combination of apartments, commercial space, elevator access, and rooftop amenities creates a distinctive urban configuration within ZIP code 19130.
Key Highlights
- 7,399‑square‑foot mixed‑use building constructed in 2015
- Four residential apartments plus a ground‑floor commercial storefront
- Two bi‑level apartments include private rooftop terraces
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
$126,263
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
8.71%
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%
$2,525,260
$2.5M
Cap Rate 7%
$1,803,757
$1.8M
Cap Rate 9%
$1,402,922
$1.4M
Market Conditions
NOI Build-Up for 7,399 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
$190.9K $25.80/SF
− Vacancy
−$10.5K −$1.42/SF
EGI
$180.4K $24.38/SF
− OpEx
−$54.1K −$7.31/SF
NOI
$126.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$2,525,260
Cap Rate 7%
$1,803,757
Cap Rate 9%
$1,402,922
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.58M – $2.10M
NOI $126,263 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$1.66M
$1.45M – $1.94M
NOI $116,383 @ 7.0% cap · market cap 8.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,508
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential units and a ground-floor storefront create a diversified mixed-use configuration.
Where is this mixed-use property located?
The property is located at 826 N Broad Street Unit 3 Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 7,399‑square‑foot mixed‑use building constructed in 2015; Four residential apartments plus a ground‑floor commercial storefront; Two bi‑level apartments include private rooftop terraces
