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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5694 Rising Sun Ave Philadelphia, PA 19120

    • Lifestyle centers
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wing SZN - Northeast Philly / Restaurant
    • Wing SZN - Lawncrest / Restaurant
    • higi / Physician
    • Western Union / Bank / Credit Union
    • Khoa D. Tran, RPh / Pharmacy

    Property Details for 5694 Rising Sun Ave

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity is located at 5694 Rising Sun Avenue in Philadelphia, Pennsylvania, within the vibrant Tacony Creek Plaza shopping center. The property offers ±1,365 square feet of vacant space, ideal for a variety of retail uses. Situated in Philadelphia County, this location benefits from high visibility and convenient access for customers. The shopping center's existing tenant mix creates a synergistic environment, attracting a steady stream of foot traffic. This space presents a unique chance to establish or expand a retail business in a well-established commercial area. The property is easily accessible from major roadways, ensuring convenient access for both customers and employees. The ±1,365 square feet of available space provides ample room for a variety of retail configurations, allowing for customization to meet specific business needs. This is a prime opportunity to secure a retail space in a thriving Philadelphia neighborhood with strong potential for growth and success. The property is zoned for retail use and is ready for immediate occupancy. Interested parties are encouraged to inquire for further details and leasing information. The property's location within Tacony Creek Plaza offers a strong foundation for a successful retail venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1097
    Latitude
    40.04

    Comparable in this City

    • Value Estimation
      $22,215,000
      243,889 SF

      5675 Rising Sun Ave

      SHOPPING CENTER, STRIP CENTER • 243,889 SF
      5675 Rising Sun Ave, Philadelphia, PA 19120-2100
      View Details
    • Value Estimation
      $2,150,000
      22,000 SF

      5696 Rising Sun Ave

      SHOPPING CENTER, STRIP CENTER • 22,000 SF
      5696 Rising Sun Ave, Philadelphia, PA 19120
      View Details
    • Value Estimation
      $4,225,000
      44,340 SF

      180 Duncannon Ave

      SHOPPING CENTER, STRIP CENTER • 44,340 SF
      180 Duncannon Ave, Philadelphia, PA 19120-3410
      View Details
    • Value Estimation
      $850,000
      8,566 SF

      5800 Rising Sun Ave

      SHOPPING CENTER, STRIP CENTER • 8,566 SF
      5800 Rising Sun Ave, Philadelphia, PA 19120-1126
      View Details
    • Value Estimation
      $1,645,000
      17,080 SF

      5734 Old 2nd St, Unit 38

      SHOPPING CENTER, STRIP CENTER • 17,080 SF
      5734 Old 2nd St, Philadelphia, PA 19120-2555
      View Details
    • Value Estimation
      $8,615,000
      93,045 SF

      6201 Frnt St Ste, Unit 31

      SHOPPING CENTER, STRIP CENTER • 93,045 SF
      6201 Frnt St Ste, Philadelphia, PA 19120-1541
      View Details

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    5694 Rising Sun Ave
    Philadelphia, PA 19120
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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