Office Suite with Atrium
For Sale
$349,900
1118 E Columbia Ave, Philadelphia, PA 19125
Single-level office space with a reception featuring a 20' atrium, plus private offices, conference room, and bullpen area.
Property Size2,200 SF
Price / SF$159.05
Days on Market23
Property Features for 1118 E Columbia Ave
General Information
Standard status
Active
Size
2,200 SF
Zoning
RSA-5
Additional Details
Highway Access
Yes
Clear Height
20 ft
Amenities
central A/C
two bathrooms
kitchenette
basement storage
ADA accessible
Building Details
Year Built
1850
Stories
1
Listing Agency:
JG Real Estate LLC
(215) 467-4100
Listed By:
Ariel L Morgenstein · License #AB067988
Source:
Kandorre
Added: Jul 21
Changed: Jul 22
Last Checked: Aug 11 at 10:11AM
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 JG Real Estate LLC
Investment Insights
Based on property information with market context.
For sale at 1118 E Columbia Ave, Philadelphia, PA 19125, this single-level commercial office space totals 2,200 square feet and is ADA-accessible. The interior layout includes two private offices, a large conference room, and a bullpen area suitable for open workspace. A welcoming reception area features a 20' atrium overhead, complemented by central A/C. The suite also includes two bathrooms, a kitchenette, and clean basement storage.
The property is located steps from Girard Ave and SEPTA’s Girard Station, with access to public transportation, highways, and the Delaware Expressway for commuting throughout the city and surrounding areas.
Zoned RSA-5, with office use on file, the configuration supports a professional office environment.
The property is located steps from Girard Ave and SEPTA’s Girard Station, with access to public transportation, highways, and the Delaware Expressway for commuting throughout the city and surrounding areas.
Zoned RSA-5, with office use on file, the configuration supports a professional office environment.
Key Highlights
- 2,200 sq ft single‑level commercial office space at 1118 E Columbia Ave, Philadelphia (Fishtown)
- Reception area with a 20' atrium overhead, plus central A/C for year‑round comfort
- Layout includes 2 private offices, a large conference room, bullpen area, and a welcoming reception area
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
$28,951
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
8.27%
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%
$579,020
$579.0K
Cap Rate 7%
$413,586
$413.6K
Cap Rate 9%
$321,678
$321.7K
Market Conditions
NOI Build-Up for 2,200 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
$48.3K $21.96/SF
− Vacancy
−$9.7K −$4.41/SF
EGI
$38.6K $17.55/SF
− OpEx
−$9.7K −$4.39/SF
NOI
$29.0K $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%
$579,020
Cap Rate 7%
$413,586
Cap Rate 9%
$321,678
Alternative Uses
Best Use
Office B
$413.6K
$361.9K – $482.5K
NOI $28,951 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$536.3K
$469.3K – $625.7K
NOI $37,543 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,995
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
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?
Office units - Single-level office space with a reception featuring a 20' atrium, plus private offices, conference room, and bullpen area.
Where is this office units located?
The property is located at 1118 E Columbia Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,200 sq ft single‑level commercial office space at 1118 E Columbia Ave, Philadelphia (Fishtown); Reception area with a 20' atrium overhead, plus central A/C for year‑round comfort; Layout includes 2 private offices, a large conference room, bullpen area, and a welcoming reception area
