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

    1500 John F. Kennedy Blvd Philadelphia, PA 19102

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,800 /Mo

    Sublease opportunity in downtown Philadelphia with 502531 square feet.

    We can help!

    Listing Contact
    Jason Wolf
    Jason Wolf
    Source: Corfac

    Listing Agency: Wolf Commercial Real Estate, LLC/CORFAC International | New Jersey Listing Agent: Jason Wolf

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Philadelphia Sublease Opportunity

    A premier sublease opportunity is available in downtown Philadelphia. The property offers a total space of 502531 square feet.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1651
    Latitude
    39.9531

    Nearby Similar for Lease

    • $6,000 /Mo
      34,848 SF

      Turn-Key Restaurant Opportunity in Philadelphia

      Restaurant space in mixed-use building near Temple University.
      1000 Diamond St, Philadelphia, PA 19122
      View Details
    • $1,350 /Mo

      Professional Office Space Available

      Well-maintained office space in a convenient Philadelphia location.
      10065-67 Sandmeyer Ln, Philadelphia, PA 19116
      View Details
    • New
      $2,500 /Mo
      11,761 SF

      Turn-Key Cafe Space in Philadelphia

      Cafe space in luxury apartment building in Old City.
      416 Vine Street Expy, Philadelphia, PA 19106
      View Details
    • New
      $7,917 /Mo
      1,742 SF

      Fishtown Commercial Property with Rooftop

      Versatile commercial space in Fishtown with customizable features.
      1140 Frankford Ave, Philadelphia, PA 19125
      View Details
    • New
      $1,350 /Mo
      3,049 SF

      Turn-Key Loft in Broad Street

      Versatile 840 SF space ideal for various business uses.
      1903-5 S Broad St, Philadelphia, PA 19148
      View Details
    • $4,000 /Mo
      4,792 SF

      Philadelphia Office/Retail Space Available

      Turn-key office/retail space near Temple University and public transit.
      2304 N Broad St, Philadelphia, PA 19132
      View Details
    • $2,350 /Mo
      1,307 SF

      Retail/Office Space in Philadelphia

      Ground floor retail/office space in a growing Philadelphia neighborhood.
      2737 W Girard Ave, Philadelphia, PA 19130
      View Details
    • Contact for pricing
      1,307 SF

      Northern Liberties Retail Space Available

      Ground floor retail space in Northern Liberties available for lease.
      990 N 2Nd St, Philadelphia, PA 19123
      View Details
    • $7,000 /Mo
      3,920 SF

      Renovated Professional Space in Philadelphia

      Turn-key commercial space ideal for medical, professional, or educational use.
      6713-15 Ogontz Ave, Philadelphia, PA 19126
      View Details
    • $25 SF/Yr
      4,356 SF

      Lancaster Avenue Retail Space Available

      Retail spaces for lease near University City development.
      3645-47 Lancaster Ave, Philadelphia, PA 19104
      View Details
    • $3,500 /Mo

      Rittenhouse Corner Retail/Office Space

      2,000+/- SF retail/office space near Rittenhouse Square.
      1737-39 Chestnut St, Philadelphia, PA 19103
      View Details
    • $2,348 /Mo
      871 SF

      Retail Space Near Passyunk Avenue

      Retail space with basement near East Passyunk's commercial corridor.
      2001 S 10Th St, Philadelphia, PA 19148
      View Details

    FAQs

    What type of property is this?
    Office units - Sublease opportunity in downtown Philadelphia with 502531 square feet.
    Where is this office units located?
    The property is located at 1500 John F. Kennedy Blvd Philadelphia, PA.
    What is the lease rate?
    The lease rate is $1,800 /Mo.
    What are key features of this property?
    This property features: - Premier Downtown Philadelphia Location; - Sublease Opportunity; - Available Immediately
    (856) 857-6300
    Request Owner's contact information
    1500 John F. Kennedy Blvd Philadelphia, PA 19102
    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.
    1500 John F. Kennedy Blvd
    Philadelphia, PA 19102
    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
    1500 John F. Kennedy Blvd Philadelphia, PA 19102
    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

    We can help!
    Listing Contact
    Jason Wolf
    Jason Wolf
    Real Estate License ID: #RM422074
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!