Two-Level Medical Office
New
For Sale
$3,995,000
2630 Holme Ave, Philadelphia, PA 19152
Configured healthcare suites, established medical occupancy, and access near major roadways serve a range of clinical operations.
Property Size20,520 SF
Price / SF$194.69
Days on Market4
Property Features for 2630 Holme Ave
General Information
Standard status
Active
Size
20,520 SF
Total Parking Spaces
14
Building Details
Year Built
2004
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
SJI Jackson Realty, LLC
Listed By:
Stephen J. Izzi · License #RS183121L
(856) 718-4372
Source:
Bethsamberg
Added: Sep 11
Last Checked: Sep 13 at 11:55AM
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 20,520-square-foot medical office property spans two levels and is configured for multiple healthcare practices. The first floor contains four suites arranged along a central corridor, with each suite offering a waiting room, reception area, private restroom, two exam rooms, radiology room, preparation station, technology closet, and utility or storage space. The property includes 14 on-site parking spaces.
Nazareth Hospital occupies the building through March 31, 2028, subject to the lease provisions described in the property information. Temple Lung Center occupies one first-floor suite, while the second floor is fully occupied by Trinity Health Mid-Atlantic. That level includes cardiology and cardiopulmonary rehabilitation operations, with exam rooms, clinical work areas, treatment space, offices, storage, and staff support areas.
The property is located at 2630 Holme Ave in Philadelphia, near Roosevelt Boulevard, hospitals, major roadways, and surrounding residential neighborhoods.
Nazareth Hospital occupies the building through March 31, 2028, subject to the lease provisions described in the property information. Temple Lung Center occupies one first-floor suite, while the second floor is fully occupied by Trinity Health Mid-Atlantic. That level includes cardiology and cardiopulmonary rehabilitation operations, with exam rooms, clinical work areas, treatment space, offices, storage, and staff support areas.
The property is located at 2630 Holme Ave in Philadelphia, near Roosevelt Boulevard, hospitals, major roadways, and surrounding residential neighborhoods.
Key Highlights
- 20,520‑square‑foot medical office building across two levels
- Built in 2004 with 14 on‑site parking spaces
- First floor includes four medical suites with two exam rooms per suite
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
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Open Analytics
Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Medical Office Space - Configured healthcare suites, established medical occupancy, and access near major roadways serve a range of clinical operations.
Where is this medical office space located?
The property is located at 2630 Holme Ave 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: 20,520‑square‑foot medical office building across two levels; Built in 2004 with 14 on‑site parking spaces; First floor includes four medical suites with two exam rooms per suite
