Medical Office Suite with Clinical
New
For Sale
$750,000
2000 GRANT AVENUE #103, Philadelphia, PA 19115
Ground-floor space includes a surgical-office layout and treatment rooms, with minor improvements needed.
Property Size4,000 SF
Price / SF$187.50
Days on Market5
Property Features for 2000 GRANT AVENUE #103
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
needs minor improvements
Additional Details
Floor
1
Office Units
1
Building Details
Year Built
2010
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Francis J Emig · License #RS289586
(610) 225-7400
Source:
Cummingsrealtors
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 15 at 12:48AM
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.
A 2,181-square-foot medical office unit occupies the first floor of a surgical center at 2000 Grant Ave in Philadelphia. The interior includes office areas and medical rooms suited to clinical functions. The property was built in 2010 and is offered in as-is condition, with minor improvements needed.
Key Highlights
- 2,181 SF medical unit on the first floor
- Located within a surgical center on Grant Avenue in Philadelphia
- Interior includes office areas and medical rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,638
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,760
$1.1M
Cap Rate 7%
$751,971
$752.0K
Cap Rate 9%
$584,867
$584.9K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$87.8K $21.96/SF
− Vacancy
−$17.7K −$4.41/SF
EGI
$70.2K $17.55/SF
− OpEx
−$17.5K −$4.39/SF
NOI
$52.6K $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%
$1,052,760
Cap Rate 7%
$751,971
Cap Rate 9%
$584,867
Alternative Uses
Best Use
Office B
$752.0K
$658.0K – $877.3K
NOI $52,638 @ 7.0% cap · market cap 7.02%
Second Best
Healthcare Medical
$740.6K
$648.0K – $864.0K
NOI $51,840 @ 7.0% cap · market cap 6.91%
Theoretical Best
Multifamily LT 5
$975.1K
$853.3K – $1.14M
NOI $68,260 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,642
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
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Similar Off Market Nearby
- Petco Vaccination Clinic — 9717 Roosevelt Blvd, Philadelphia, PA 19114
- Boulevard Animal Hospital — 1913 Grant Ave, Philadelphia, PA 19115
Frequently Asked Questions
What type of property is this?
Medical Office Space - Ground-floor space includes a surgical-office layout and treatment rooms, with minor improvements needed.
Where is this medical office space located?
The property is located at 2000 GRANT AVENUE #103 Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,181 SF medical unit on the first floor; Located within a surgical center on Grant Avenue in Philadelphia; Interior includes office areas and medical rooms
