First-Floor Medical Center
For Sale
$1,999,000
101-2000 Grant Ave, Philadelphia, PA 19115
Existing surgical offices, prep rooms, and related medical furniture and equipment are included.
Property Size6,465 SF
Price / SF$309.20
Days on Market222
Property Features for 101-2000 Grant Ave
General Information
Standard status
Active
Size
6,465 SF
Space & Availability
Floor
First Floor
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$13,873
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 225-7400
Listed By:
Francis J Emig
(610) 225-7400
Source:
Exprealty
Added: Jan 21
Changed: Aug 30
Last Checked: Aug 30 at 6:42PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 6,465-square-foot medical center unit occupies the first floor of an existing surgical center at 101-2000 Grant Ave in Philadelphia. The space includes established surgical offices, prep rooms, and related interior medical furniture and equipment, providing a healthcare-oriented configuration within the existing facility.
The property is positioned on Grant Avenue in an area described as densely populated, with surrounding residential and commercial activity contributing to regular daily traffic. The unit is available for sale or lease and is designed around an existing medical use.
The property is positioned on Grant Avenue in an area described as densely populated, with surrounding residential and commercial activity contributing to regular daily traffic. The unit is available for sale or lease and is designed around an existing medical use.
Key Highlights
- 6,465 SF first‑floor medical center unit
- Located within an existing surgical center
- Includes surgical offices and prep rooms
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
$85,076
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
4.26%
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%
$1,701,520
$1.7M
Cap Rate 7%
$1,215,371
$1.2M
Cap Rate 9%
$945,289
$945.3K
Market Conditions
NOI Build-Up for 6,465 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
$142.0K $21.96/SF
− Vacancy
−$28.5K −$4.41/SF
EGI
$113.4K $17.55/SF
− OpEx
−$28.4K −$4.39/SF
NOI
$85.1K $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%
$1,701,520
Cap Rate 7%
$1,215,371
Cap Rate 9%
$945,289
Alternative Uses
Best Use
Office B
$1.22M
$1.06M – $1.42M
NOI $85,076 @ 7.0% cap · market cap 4.26%
Second Best
Healthcare Medical
$1.20M
$1.05M – $1.40M
NOI $83,786 @ 7.0% cap · market cap 4.19%
Theoretical Best
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,325 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Existing surgical offices, prep rooms, and related medical furniture and equipment are included.
Where is this medical center located?
The property is located at 101-2000 Grant Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 6,465 SF first‑floor medical center unit; Located within an existing surgical center; Includes surgical offices and prep rooms
