First-Floor Medical Office
New
For Sale
$1,999,000
2000 GRANT AVE #101 101, Philadelphia, PA 19115
Configured with surgical offices, preparation rooms, and related medical furnishings and equipment.
Property Size6,465 SF
Price / SF$309.20
Days on Market4
Property Features for 2000 GRANT AVE #101 101
General Information
Standard status
Active
Size
6,465 SF
Space & Availability
Floor
First Floor
Furnished
Yes
Listing Agency:
Long & Foster Real Estate, Inc.
(610) 225-7400
Listed By:
Francis J Emig
(610) 225-7400
Source:
Opal-realestate
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 28 at 12:57PM
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.
Investment Insights
Based on property information with market context.
This first-floor medical office unit occupies 6465 square feet within a surgical center at 2000 Grant Ave in Philadelphia, Pennsylvania. The interior includes surgical offices, preparation rooms, and related medical furniture and equipment, providing a layout already configured for medical operations.
The property is positioned in a densely populated setting surrounded by residential and commercial areas. Daily traffic is generated by nearby residents and commuters. The unit is available for either sale or lease.
The property is positioned in a densely populated setting surrounded by residential and commercial areas. Daily traffic is generated by nearby residents and commuters. The unit is available for either sale or lease.
Key Highlights
- 6465 SF first‑floor medical unit
- Located within an existing surgical center
- Includes surgical offices and preparation rooms
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
$85,076
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
4.26%
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%
$1,701,520
$1.7M
Cap Rate 7%
$1,215,371
$1.2M
Cap Rate 9%
$945,289
$945.3K
Market Conditions
NOI Build-Up for 6,465 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
$142.0K $21.96/SF
− Vacancy
−$28.5K −$4.41/SF
EGI
$113.4K $17.55/SF
− OpEx
−$28.4K −$4.39/SF
NOI
$85.1K $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%
$1,701,520
Cap Rate 7%
$1,215,371
Cap Rate 9%
$945,289
Alternative Uses
Best Use
Office B
$1.22M
$1.06M – $1.42M
NOI $85,076 @ 7.0% cap · market cap 4.26%
Second Best
Healthcare Medical
$1.20M
$1.05M – $1.40M
NOI $83,786 @ 7.0% cap · market cap 4.19%
Theoretical Best
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,325 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
774
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with surgical offices, preparation rooms, and related medical furnishings and equipment.
Where is this medical office space located?
The property is located at 2000 GRANT AVE #101 101 Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 6465 SF first‑floor medical unit; Located within an existing surgical center; Includes surgical offices and preparation rooms
