Corner Grocery Store with
For Sale
$360,000
853 Jackson St, Philadelphia, PA 19148
Turnkey mixed-use property with a corner grocery store and a 2-bedroom second-floor apartment.
Property Size1,300 SF
Price / SF$276.92
Days on Market52
Property Features for 853 Jackson St
General Information
Standard status
Active
Size
1,300 SF
Building Details
Year Built
1925
Listing Agency:
Liberty Real Estate
Listed By:
Richard Q Li · License #RM421130
(267) 767-7612
Source:
Kandorre
Added: Jul 18
Changed: Aug 27
Last Checked: Sep 7 at 12:34PM
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 Liberty Real Estate
Investment Insights
Based on property information with market context.
This turnkey mixed-use property is currently leased, with the tenant renting both the ground-floor store and the second-floor apartment. The apartment includes two bedrooms and a rooftop exit.
The store operates as a corner grocery store. It has been used as a grocery store for the past 20 years, and it is positioned in the center of an upcoming neighborhood.
Per the seller, the property is being offered with the current tenant in place for both the retail space and the upstairs residence. The seller is motivated.
The store operates as a corner grocery store. It has been used as a grocery store for the past 20 years, and it is positioned in the center of an upcoming neighborhood.
Per the seller, the property is being offered with the current tenant in place for both the retail space and the upstairs residence. The seller is motivated.
Key Highlights
- Mixed‑use property with a corner grocery store and a 2‑bedroom second‑floor apartment
- Tenant currently leases both the store and the 2nd‑floor apartment
- Grocery store has been used as a grocery store for the past 20 years
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
$20,448
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
5.68%
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%
$408,960
$409.0K
Cap Rate 7%
$292,114
$292.1K
Cap Rate 9%
$227,200
$227.2K
Market Conditions
NOI Build-Up for 1,300 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
$39.5K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$37.2K $28.60/SF
− OpEx
−$16.7K −$12.87/SF
NOI
$20.4K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$408,960
Cap Rate 7%
$292,114
Cap Rate 9%
$227,200
Alternative Uses
Best Use
Apartment 5plus
$292.1K
$255.6K – $340.8K
NOI $20,448 @ 7.0% cap · market cap 5.68%
Second Best
Specialty Retail
$269.1K
$235.5K – $314.0K
NOI $18,837 @ 7.0% cap · market cap 5.23%
Theoretical Best
Multifamily LT 5
$316.9K
$277.3K – $369.7K
NOI $22,184 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,620
Businesses Nearby
81k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 14%
Electronics 4%
Apparel 1%
Citizens Bank
Shops & Services
16,632 visits/mo
0.4 miles
TD Bank
Shops & Services
14,055 visits/mo
0.4 miles
Lukoil
Shops & Services
12,912 visits/mo
0.1 miles
Wells Fargo
Shops & Services
8,249 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,109 visits/mo
0.1 miles
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey mixed-use property with a corner grocery store and a 2-bedroom second-floor apartment.
Where is this grocery and convenience store located?
The property is located at 853 Jackson St Philadelphia, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Mixed‑use property with a corner grocery store and a 2‑bedroom second‑floor apartment; Tenant currently leases both the store and the 2nd‑floor apartment; Grocery store has been used as a grocery store for the past 20 years
