Mixed-Use Property in Growing
For Sale
Contact for pricing
Pending
1770 N Mascher St, Philadelphia, PA 19122
Storefront with updated residential units in a developing location.
Property Size2,424 SF
Days on Market1152
Property Features for 1770 N Mascher St
General Information
Standard status
Pending
Size
2,424 SF
Class
B
Property subtype
Mixed Use
Zoning
RSA-5
Investment Type
Owner/User
Building Details
Buildings
1
Stories
3
Listing Agency:
MEGA Realty
Listed By:
Sunny Guleria · License #RS297933
(215) 947-0575
Source:
Crexi
Added: Jul 13, 2023
Changed: Sep 2
Last Checked: Sep 4 at 2:06PM
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 MEGA Realty
Investment Insights
Based on property information with market context.
This mixed-use property is situated in a location experiencing new construction, with numerous apartments and condos being developed in the surrounding area. It is located a few blocks from Frankford Avenue and surrounded by restaurants. The property features a storefront on the first floor with new flooring, fresh paint, and new windows. The upper floors consist of a fully updated residential unit with 4 bedrooms and 3 bathrooms. The HVAC system remains to be updated; the seller is offering a credit of up to $15,000 towards the HVAC cost with an acceptable offer. The property size is 2424 square feet. This property offers the opportunity to live and work in a growing neighborhood.
Key Highlights
- Prime location in an area of new construction, apartments, and condos.
- Close proximity to Frankford Avenue restaurants.
- First floor commercial space with new flooring, fresh paint, and new windows.
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
$28,797
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
3.60%
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%
$575,940
$575.9K
Cap Rate 7%
$411,386
$411.4K
Cap Rate 9%
$319,967
$320.0K
Market Conditions
NOI Build-Up for 2,424 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
$52.4K $21.60/SF
− Vacancy
−$6.3K −$2.59/SF
EGI
$46.1K $19.01/SF
− OpEx
−$17.3K −$7.13/SF
NOI
$28.8K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$575,940
Cap Rate 7%
$411,386
Cap Rate 9%
$319,967
Alternative Uses
Best Use
Mixed Use
$411.4K
$360.0K – $480.0K
NOI $28,797 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$590.9K
$517.1K – $689.4K
NOI $41,365 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,208
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Storefront with updated residential units in a developing location.
Where is this mixed-use property located?
The property is located at 1770 N Mascher St Philadelphia, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime location in an area of new construction, apartments, and condos.; Close proximity to Frankford Avenue restaurants.; First floor commercial space with new flooring, fresh paint, and new windows.
