Two-Level Medical Office
For Sale
$3,995,000
2630 HOLME AVENUE, Philadelphia, PA 19152
Configured medical suites, established healthcare tenancy, and on-site parking support continued clinical use.
Property Size20,520 SF
Price / SF$194.69
Days on Market20
Property Features for 2630 HOLME AVENUE
General Information
Standard status
Active
Size
20,520 SF
Total Parking Spaces
14
Property subtype
Office
Additional Details
Office Units
6
Taxes and HOA fees
Annual Taxes
$33,842
Amenities
Central Air
3
Parking. Corner Lot.
Lot.
132.00 x 170.00
Corner.
Building Details
Year Built
2004
Buildings
1
Stories
2
Building Size
20,520 SF
Tenancy
Multi
Listing Agency:
SJI Jackson Realty, LLC
(856) 718-4372
Listed By:
Stephen Izzi · License #RS183121L
(856) 718-4372
Source:
Xome
Added: Aug 9
Changed: Aug 28
Last Checked: Aug 28 at 8:24AM
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 SJI Jackson Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2004, this two-level medical office property contains approximately 20,520 square feet designed for multiple healthcare practices. The first floor includes four medical suites arranged along a central corridor. Each suite has a waiting room, reception area, private restroom, two exam rooms, radiology room, preparation station, technology closet, and utility or storage space. One suite is occupied by Temple Lung Center, while the other first-floor suites provide additional leasing or owner-use capacity. The second floor is fully occupied by Trinity Health Mid-Atlantic and includes cardiology and cardiopulmonary rehabilitation space, with exam rooms, treatment areas, reception and waiting areas, offices, restrooms, storage, and staff support areas.
The property includes 14 on-site parking spaces and is positioned near Roosevelt Boulevard, major roadways, hospitals, and surrounding residential neighborhoods. Nazareth Hospital is scheduled to occupy the building through March 31, 2028, with a six-month termination notice requirement and a five-year renewal option under the lease.
The property includes 14 on-site parking spaces and is positioned near Roosevelt Boulevard, major roadways, hospitals, and surrounding residential neighborhoods. Nazareth Hospital is scheduled to occupy the building through March 31, 2028, with a six-month termination notice requirement and a five-year renewal option under the lease.
Key Highlights
- Approximately 20,520 square feet across two levels, built in 2004
- Four first‑floor medical suites with exam, radiology, preparation, and support areas
- Second floor fully occupied by Trinity Health Mid‑Atlantic
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
$270,034
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
6.76%
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%
$5,400,680
$5.4M
Cap Rate 7%
$3,857,629
$3.9M
Cap Rate 9%
$3,000,378
$3.0M
Market Conditions
NOI Build-Up for 20,520 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
$450.6K $21.96/SF
− Vacancy
−$90.6K −$4.41/SF
EGI
$360.0K $17.55/SF
− OpEx
−$90.0K −$4.39/SF
NOI
$270.0K $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%
$5,400,680
Cap Rate 7%
$3,857,629
Cap Rate 9%
$3,000,378
Alternative Uses
Best Use
Office B
$3.86M
$3.38M – $4.50M
NOI $270,034 @ 7.0% cap · market cap 6.76%
Second Best
Healthcare Medical
$3.80M
$3.32M – $4.43M
NOI $265,939 @ 7.0% cap · market cap 6.66%
Theoretical Best
Multifamily LT 5
$5.00M
$4.38M – $5.84M
NOI $350,172 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
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 medical suites, established healthcare tenancy, and on-site parking support continued clinical use.
Where is this medical office space located?
The property is located at 2630 HOLME AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Approximately 20,520 square feet across two levels, built in 2004; Four first‑floor medical suites with exam, radiology, preparation, and support areas; Second floor fully occupied by Trinity Health Mid‑Atlantic
