Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    2428 S BROAD Street Philadelphia, PA 19145

    View on Map
    Claim this Listing
    For Lease
    $2,200 /Mo

    CommercialLease - PHILADELPHIA, PA

    Type:Office
    Lot size:
    0.03 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    157
    Last Refresh:
    May 3 at 4:06 pm

    Property Features for 2428 S BROAD Street

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    3
    Building materials
    Masonry

    We can help!

    Listing Contact
    Andrew F Cheng

    Listing agent Andrew F Cheng License #RS3263312

    Listing office Keller Williams Realty 409 Marlton Pike, Cherry Hill, PA

    Listing date Nov 27, 2025

    MLS# PAPH2560020

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Office Space For Rent

    Commercial office space is available for rent. The property is located on a busy traffic corridor of Broad Street. It was previously used as a foot and ankle practice office. The property features central HVAC and access to the basement for additional storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Iezzi & Twardzik Medical Clinic Mark J. Twardzik, ... Physician Dr. Alfred Iezzi ... Physician Foot & Ankle Center Medical Clinic Associates Pediatrics Med ... Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • World of Animals at South Philadelphia — 1317 Wolf St, Philadelphia, PA 19148
    • Simmons Animal Hospital — 1500 Wolf St, Philadelphia, PA 19145
    • My Veterinary Job Board — 1931 S 17th St, Philadelphia, PA 19145
    • Pet Vet Clinic On Passyunk — 1602 E Passyunk Ave, Philadelphia, PA 19148
    • Love City Vet — 330 Oregon Ave, Philadelphia, PA 19148

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.17101
    Latitude
    39.9199

    Nearby Similar for Lease

    • $3,850/Mo

      Turnkey Medical Clinic in Philadelphia

      Fully built-out medical clinic available for lease in Northeast Philadelphia.
      7131 RISING SUN Avenue, PHILADELPHIA, PA 19111
      View Details
    • $6,000/Mo

      Turn-Key Restaurant Opportunity in Philadelphia

      Restaurant space for lease near Temple University with modern design.
      1000 DIAMOND Street, PHILADELPHIA, PA 19122
      View Details
    • $2,500/Mo

      Modern Commercial Space in Philadelphia

      Dynamic commercial property in Philadelphia's Logan neighborhood for rent.
      1323 LINDLEY Avenue, PHILADELPHIA, PA 19141
      View Details
    • $2,650/Mo

      Fishtown Retail Space Available

      Ground floor retail space in Philadelphia's Fishtown neighborhood.
      206 E GIRARD Avenue, PHILADELPHIA, PA 19125
      View Details
    • $1,350/Mo

      Professional Office Space Available

      Well-maintained office space in a convenient Philadelphia location.
      10065-67 SANDMEYER Lane, PHILADELPHIA, PA 19116
      View Details
    • $2,500/Mo

      Turn-Key Cafe Space in Philadelphia

      Turn-key cafe space in luxury apartment building in Old City.
      416 VINE Street, PHILADELPHIA, PA 19106
      View Details
    • $4,500/Mo

      Prime Commercial Building on Broad

      Two-story commercial building on Broad Street available for lease.
      2520-22 N BROAD Street, PHILADELPHIA, PA 19132
      View Details
    • $1,495/Mo

      Broad Street Commercial Unit

      Office or retail space available on Broad Street.
      2206 S BROAD Street, PHILADELPHIA, PA 19145
      View Details
    • $2,700/Mo

      Germantown Office Space For Lease

      Prime Germantown office space, versatile and accessible location.
      5819 GERMANTOWN Avenue, PHILADELPHIA, PA 19144
      View Details
    • $7,000/Mo

      Renovated Professional Space in Philadelphia

      Turn-key commercial space ideal for medical, professional, or educational use.
      6713-15 OGONTZ Avenue, PHILADELPHIA, PA 19126
      View Details
    • $1,200/Mo

      Philadelphia Storefront on High-Traffic Street

      Prime commercial space for rent in Philadelphia with high visibility.
      3339 N FRONT Street, PHILADELPHIA, PA 19140
      View Details
    • $2,350/Mo

      Philadelphia Retail Space for Lease

      Ground floor retail space in a high-growth Philadelphia neighborhood.
      2737 W GIRARD Avenue, PHILADELPHIA, PA 19130
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Commercial office space for rent on busy Broad Street.
    Where is this medical office space located?
    The property is located at 2428 S BROAD Street Philadelphia, PA.
    What is the lease rate?
    The lease rate is $2,200 /Mo.
    What are key features of this property?
    This property features: Prime location on a busy traffic corridor (Broad St.); Previously used as a doctor's office, specifically a foot and ankle practice; Central HVAC system
    (267) 506-7100
    We can help!
    Listing Contact
    Andrew F Cheng
    Real Estate License ID: RS3263312
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2428 S BROAD Street, PHILADELPHIA, PA 19145

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!