Fully Occupied Office
7601 Castor Avenue Philadelphia, PA 19152
7601 Castor Avenue, Philadelphia, PA, 19152
$1,899,000
For Sale
$1,899,000
Fully occupied office building with on-site parking for 25 vehicles and a roof replaced in 2025.
Property Size11,835 SF
Price / SF$160.46
Days on Market430
Property Features for 7601 Castor Avenue
General Information
- Standard status
- Active
- Size
- 11,835 SF
- Property subtype
- Office
Building Details
- Year Built
- 1967
Listing agency
Homelink Realty
(267) 538-9821
Listed by
Hongyan Li · License #RSR002373
(267) 538-9821
Source
Xome
Added: May 19, 2025 Updated: Jul 22 at 9:32AM Checked: Jul 22 at 9:32AM
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 Homelink Realty
Investment Insights
Based on property information with market context.
This fully occupied office building is for sale and includes on-site parking for 25 vehicles. The property is sold in “as-is” condition. A new roof was installed in 2025.
The building is located on Castor Avenue in Northeast Philadelphia, with proximity to main roads and an established flow of traffic. The property is currently fully occupied.
The seller requests that you do not walk in; appointments must be made with the listing agent.
The building is located on Castor Avenue in Northeast Philadelphia, with proximity to main roads and an established flow of traffic. The property is currently fully occupied.
The seller requests that you do not walk in; appointments must be made with the listing agent.
Key Highlights
- Fully occupied office building
- On‑site parking lot with 25 spaces
- New roof installed in 2025
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $259.9k | $21.96 |
| − Vacancy | −$52.2k | −$4.41 |
| EGI | $207.7k | $17.55 |
| − OpEx | −$51.9k | −$4.39 |
| NOI | $155.7k | $13.16 |
11,835 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.22M
$1.95M – $2.60M
NOI $155,743 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.89M
$2.52M – $3.37M
NOI $201,963 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Palafox Concept
Party Supply Store
Dr. Ronald Platt
Physician
Platt & Platt
Physician
Page Scott M ...
Physician
Drs. Platt, Page, ...
Physician
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FAQs
What type of property is this?
Office building - Fully occupied office building with on-site parking for 25 vehicles and a roof replaced in 2025.
Where is this office building located?
The property is located at 7601 Castor Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Fully occupied office building; On‑site parking lot with 25 spaces; New roof installed in 2025
