Renovated Office
For Sale
Contact for pricing
1504 PINE STREET #1, Philadelphia, PA 19102
Office unit with a renovated interior and flexibility for a business-specific buildout.
Property Size6,000 SF
Price / SF$0.42
Days on Market54
Property Features for 1504 PINE STREET #1
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Building Details
Year Built
1890
Listing Agency:
Compass Pennsylvania, LLC
(267) 435-8015
Listed By:
Greg Barnaby
(484) 735-2806
Source:
Cummingsrealtors
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 16 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 Compass Pennsylvania, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office Unit #1 is located at 1504 Pine Street in Philadelphia’s Rittenhouse Square area. The interior has been fully renovated, providing an updated setting for office use.
The space can be configured through a build-to-suit approach for the next business occupying the unit. The property dates to 1890, combining a historic building context with a modernized office interior.
The space can be configured through a build-to-suit approach for the next business occupying the unit. The property dates to 1890, combining a historic building context with a modernized office interior.
Key Highlights
- Fully renovated office interior
- Build‑to‑suit configuration available
- Office Unit #1 at 1504 Pine Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,957
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,579,140
$1.6M
Cap Rate 7%
$1,127,957
$1.1M
Cap Rate 9%
$877,300
$877.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$131.8K $21.96/SF
− Vacancy
−$26.5K −$4.41/SF
EGI
$105.3K $17.55/SF
− OpEx
−$26.3K −$4.39/SF
NOI
$79.0K $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 Rate 5%
$1,579,140
Cap Rate 7%
$1,127,957
Cap Rate 9%
$877,300
Alternative Uses
Best Use
Office B
$1.13M
$987.0K – $1.32M
NOI $78,957 @ 7.0% cap · market cap 3,158.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.46M
$1.28M – $1.71M
NOI $102,389 @ 7.0% cap · market cap 4,095.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23,698
Businesses Nearby
Explore this area
Business Placement
Demographics for 19102, PA
7,568
Population
4,606
Households
1.6
Avg Household Size
32
Median Age
87%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
37,840
Density / Sq Mi
$114,844
Median Household Income
$79,552
Median Earnings
$2,249
Median Rent
$412,200
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office units - Office unit with a renovated interior and flexibility for a business-specific buildout.
Where is this office units located?
The property is located at 1504 PINE STREET #1 Philadelphia, PA.
What are key features of this property?
This property features: Fully renovated office interior; Build‑to‑suit configuration available; Office Unit #1 at 1504 Pine Street
