Two-Level Medical Office
For Sale
$3,995,000
2630 HOLME Avenue, Philadelphia, PA 19152
Commercial Sale, PHILADELPHIA, PA
Property Size20,520 SF
Lot Size0.52 Acres
Price / SF$194.69
Days on Market19
Property Features for 2630 HOLME Avenue
General Information
Property type
Other
Property subtype
Office
Parking
14
Parking features
Parking Lot
Subdivision
LEXINGTON PARK
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Lot size
0.52 Acres
Taxes and HOA fees
Tax Annual Amount
33842
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2004
Number of units
6
Building materials
Masonry
Listing Agency:
SJI Jackson Realty, LLC
(215) 331-9950
Listed By:
Stephen J. Izzi · License #RS183121L
(856) 718-4372
Added: Aug 12
Changed: Aug 24
Last Checked: Aug 30 at 4:06AM
MLS# PAPH2658506
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2004, this masonry medical office property contains approximately 20,520 square feet across two levels on a 0.52-acre site. Central heating and central air support a purpose-built healthcare layout with patient waiting areas, reception spaces, exam rooms, radiology rooms, preparation stations, restrooms, offices, storage, and staff support areas. The first floor contains four medical suites, while the second floor accommodates cardiology and cardiopulmonary rehabilitation operations. Fourteen parking spaces are provided on site, with potential overflow parking also noted.
The property is located at 2630 HOLME Avenue in Philadelphia, near Roosevelt Boulevard, major roadways, hospitals, and surrounding residential neighborhoods. Nazareth Hospital occupies the building through March 31, 2028, subject to six months' notice if it elects to terminate and with an option for an additional 5-year renewal term. Temple Lung Center occupies one first-floor suite, and Trinity Health Mid-Atlantic occupies the second floor. The remaining first-floor suites provide additional medical occupancy capacity or owner-use potential.
The property is located at 2630 HOLME Avenue in Philadelphia, near Roosevelt Boulevard, major roadways, hospitals, and surrounding residential neighborhoods. Nazareth Hospital occupies the building through March 31, 2028, subject to six months' notice if it elects to terminate and with an option for an additional 5-year renewal term. Temple Lung Center occupies one first-floor suite, and Trinity Health Mid-Atlantic occupies the second floor. The remaining first-floor suites provide additional medical occupancy capacity or owner-use potential.
Key Highlights
- Approximately 20,520 square feet across two levels on 0.52 acres
- Four first‑floor medical suites with exam, radiology, reception, restroom, and support areas
- Second floor occupied by cardiology and cardiopulmonary rehabilitation practices
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
Multi-tenant
Tenancy
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Masonry healthcare facility with central HVAC, medical suites, and on-site parking.
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 on 0.52 acres; Four first‑floor medical suites with exam, radiology, reception, restroom, and support areas; Second floor occupied by cardiology and cardiopulmonary rehabilitation practices
