R4-1420 Locust St Philadelphia, PA 19106
Two-story retail or office space with high visibility.
Property Features for R4-1420 Locust St
General Information
- Standard status
- Active
- Size
- 2,142 SF
Listing office Allan Domb Real Estate (215) 545-1500
Listing date Mar 16, 2026
Source Exprealty
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 Allan Domb Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Incredible street‑level visibility
- Direct access from the Academy House arcade entry
- Highly trafficked vehicular and pedestrian block
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.6k | $18.00 |
| − Vacancy | −$4.0k | −$1.85 |
| EGI | $34.6k | $16.15 |
| − OpEx | −$10.4k | −$4.84 |
| NOI | $24.2k | $11.30 |
