Mixed-Use Medical Office
New
For Sale
$499,000
1315 Wolf St, Philadelphia, PA 19148
Medical-oriented mixed-use asset with configured clinical space and a rented apartment near Jefferson Methodist Hospital.
Property Size2,366 SF
Price / SF$210.90
Days on Market6
Property Features for 1315 Wolf St
General Information
Standard status
Active
Size
2,366 SF
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
hardwood flooring
recessed lighting
granite counters
stainless steel appliances
in-unit laundry
rear deck
private entrance
Building Details
Year Built
1925
Buildings
2
Listing Agency:
PA RealtyWorks LLC
Listed By:
Donna J DeStefano · License #RM426151
(215) 732-5899
Source:
Kandorre
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 13 at 3:37PM
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 PA RealtyWorks LLC
Investment Insights
Based on property information with market context.
This 2,366-square-foot mixed-use property, built in 1925, combines medical office improvements with residential space. The first floor includes a waiting area, reception area, workstation, two bathrooms, three exam rooms, and an office. A finished basement adds a kitchenette, seating area, storage, mechanical systems, and Bilco-style exterior egress. The upper level contains a two-bedroom, 1.5-bath apartment with hardwood floors, recessed lighting, granite countertops, stainless steel appliances, in-unit laundry, and a rear deck with its own entrance. The apartment is currently rented.
The offering includes two adjoining commercial-use buildings at 1313–1315 Wolf Street, with separate deeds and entrances plus interior connectivity. Built-in cabinetry supports medical and administrative functions, while the layout can accommodate multi-suite operations, owner-users, outpatient services, or healthcare practices. The property is next to Jefferson Methodist Hospital and is convenient to public transportation, PHL Airport, and major arteries.
The offering includes two adjoining commercial-use buildings at 1313–1315 Wolf Street, with separate deeds and entrances plus interior connectivity. Built-in cabinetry supports medical and administrative functions, while the layout can accommodate multi-suite operations, owner-users, outpatient services, or healthcare practices. The property is next to Jefferson Methodist Hospital and is convenient to public transportation, PHL Airport, and major arteries.
Key Highlights
- 2,366‑square‑foot mixed‑use property built in 1925
- Two adjoining commercial‑use buildings at 1313–1315 Wolf Street
- First‑floor layout includes three exam rooms, reception, waiting area, office, and two bathrooms
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
$37,216
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
7.46%
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%
$744,320
$744.3K
Cap Rate 7%
$531,657
$531.7K
Cap Rate 9%
$413,511
$413.5K
Market Conditions
NOI Build-Up for 2,366 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
$71.8K $30.36/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$67.7K $28.60/SF
− OpEx
−$30.4K −$12.87/SF
NOI
$37.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$744,320
Cap Rate 7%
$531,657
Cap Rate 9%
$413,511
Alternative Uses
Best Use
Apartment 5plus
$531.7K
$465.2K – $620.3K
NOI $37,216 @ 7.0% cap · market cap 7.46%
Second Best
Office B
$444.8K
$389.2K – $518.9K
NOI $31,135 @ 7.0% cap · market cap 6.24%
Theoretical Best
Multifamily LT 5
$576.8K
$504.7K – $672.9K
NOI $40,376 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,706
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
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Market
Vacancy Rate% for Office in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Medical-oriented mixed-use asset with configured clinical space and a rented apartment near Jefferson Methodist Hospital.
Where is this mixed-use property located?
The property is located at 1315 Wolf St Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,366‑square‑foot mixed‑use property built in 1925; Two adjoining commercial‑use buildings at 1313–1315 Wolf Street; First‑floor layout includes three exam rooms, reception, waiting area, office, and two bathrooms
