Medical Office
New
For Sale
$750,000
103-2000 Grant Ave, Philadelphia, PA 19115
The first-floor suite has an ADA-accessible layout with exam rooms, private offices, reception space, and two restrooms.
Property Size2,181 SF
Price / SF$343.88
Days on Market6
Property Features for 103-2000 Grant Ave
General Information
Standard status
Active
Size
2,181 SF
Additional Details
Floor
1
Office Units
1
Taxes and HOA fees
Annual Taxes
$5,019
Building Details
Year Built
2010
Tenancy
Multi
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Francis J Emig · License #RS289586
(610) 225-7400
Source:
Exprealty
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 16 at 10:28AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,181 SF medical-office condominium occupies the first floor of a multi-tenant healthcare building constructed in 2010. Its existing plan includes three exam rooms, several private offices, a waiting and reception area, two restrooms, a break room, and storage and support space. The suite is ADA-accessible and is offered in its current condition, allowing an owner or tenant to adjust finishes and improvements to meet operational requirements.
Key Highlights
- 2,181 SF medical‑office condominium on the building’s first floor
- Three exam rooms and multiple private offices
- Waiting and reception area, break room, and storage/support space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,701
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,020
$574.0K
Cap Rate 7%
$410,014
$410.0K
Cap Rate 9%
$318,900
$318.9K
Market Conditions
NOI Build-Up for 2,181 SF
Gross rent
$47.9K $21.96/SF
− Vacancy
−$9.6K −$4.41/SF
EGI
$38.3K $17.55/SF
− OpEx
−$9.6K −$4.39/SF
NOI
$28.7K $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 Rate 5%
$574,020
Cap Rate 7%
$410,014
Cap Rate 9%
$318,900
Alternative Uses
Best Use
Office B
$410.0K
$358.8K – $478.4K
NOI $28,701 @ 7.0% cap · market cap 3.83%
Second Best
Healthcare Medical
$403.8K
$353.3K – $471.1K
NOI $28,266 @ 7.0% cap · market cap 3.77%
Theoretical Best
Multifamily LT 5
$531.7K
$465.2K – $620.3K
NOI $37,219 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Under-served
Demand for This Use
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - The first-floor suite has an ADA-accessible layout with exam rooms, private offices, reception space, and two restrooms.
Where is this medical office space located?
The property is located at 103-2000 Grant Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,181 SF medical‑office condominium on the building’s first floor; Three exam rooms and multiple private offices; Waiting and reception area, break room, and storage/support space
