Medical Office Building with
For Sale
$1,399,000
9821 ACADEMY Road, Philadelphia, PA 19114
Commercial Sale, PHILADELPHIA, PA
Property Size4,575 SF
Lot Size0.40 Acres
Price / SF$305.79
Days on Market126
Property Features for 9821 ACADEMY Road
General Information
Property type
Other
Property subtype
Office
Parking
12
Parking features
Special Needs, Parking Lot
Subdivision
ACADEMY GARDENS
High school
GEORGE WASHINGTON
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Lot size
0.40 Acres
Taxes and HOA fees
Tax Annual Amount
6929
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1988
Building materials
Masonry
Listing Agency:
Realty Mark Cityscape
(215) 583-7777
Listed By:
George J Cahill · License #RM044684
(215) 783-8731
Added: Apr 28
Changed: Aug 19
Last Checked: Aug 31 at 5:06AM
MLS# PAPH2607512
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.
Investment Insights
Based on property information with market context.
This 4,575 SF medical office building includes a reception area, waiting room, multiple exam rooms, private offices, and additional clinical and administrative space in the finished lower level. Constructed in 1988 and expanded in 2012, the masonry building has an updated roof, ADA-accessible ramps, forced-air heating, central air, and ceiling fans. The property is currently leased to a medical user.
The 0.3985-acre parcel provides 12 parking spaces and multiple entry points. Positioned along Academy Road across from Northeast Philadelphia Airport, the property benefits from reported traffic of 29,000 vehicles per day and access to I-95, US-1, and PA-63. Its location is surrounded by residential density and retail amenities.
The 0.3985-acre parcel provides 12 parking spaces and multiple entry points. Positioned along Academy Road across from Northeast Philadelphia Airport, the property benefits from reported traffic of 29,000 vehicles per day and access to I-95, US-1, and PA-63. Its location is surrounded by residential density and retail amenities.
Key Highlights
- 4,575 SF medical office building on a 0.3985‑acre parcel
- Fully built‑out layout with reception, waiting, exam rooms, private offices, and finished lower level
- 12 on‑site parking spaces with multiple entry points
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
$60,205
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
4.30%
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%
$1,204,100
$1.2M
Cap Rate 7%
$860,071
$860.1K
Cap Rate 9%
$668,944
$668.9K
Market Conditions
NOI Build-Up for 4,575 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
$100.5K $21.96/SF
− Vacancy
−$20.2K −$4.41/SF
EGI
$80.3K $17.55/SF
− OpEx
−$20.1K −$4.39/SF
NOI
$60.2K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,204,100
Cap Rate 7%
$860,071
Cap Rate 9%
$668,944
Alternative Uses
Best Use
Office B
$860.1K
$752.6K – $1.00M
NOI $60,205 @ 7.0% cap · market cap 4.30%
Second Best
Healthcare Medical
$847.0K
$741.2K – $988.2K
NOI $59,292 @ 7.0% cap · market cap 4.24%
Theoretical Best
Multifamily LT 5
$1.12M
$975.9K – $1.30M
NOI $78,072 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
29,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19114, PA
32,645
Population
14,703
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
5.6 sq mi
ZIP Area
5,829
Density / Sq Mi
$76,076
Median Household Income
$48,257
Median Earnings
$1,369
Median Rent
$276,400
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Caring Hands Veterinary Clinic — 3310 Grant Ave, Philadelphia, PA 19114
Frequently Asked Questions
What type of property is this?
Medical Office Space - Built-out clinical and administrative space with multiple entrances, ADA access, and on-site parking for professional users.
Where is this medical office space located?
The property is located at 9821 ACADEMY Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 4,575 SF medical office building on a 0.3985‑acre parcel; Fully built‑out layout with reception, waiting, exam rooms, private offices, and finished lower level; 12 on‑site parking spaces with multiple entry points
