Medical Office and Retail
For Sale
$360,000
3150 Willits Rd, Philadelphia, PA 19136
Updated above-grade suite features a reception area, private exam rooms, and an unfinished full basement.
Property Size1,258 SF
Price / SF$286.17
Days on Market96
Property Features for 3150 Willits Rd
General Information
Standard status
Active
Size
1,258 SF
Site & Location
Neighborhood
Aston-Woodbridge
Building Details
Year Built
1949
Listing Agency:
Homestarr Realty
Listed By:
Michael Bottaro · License #AB067983
(267) 307-2444
Source:
Premierehomegroup
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 7 at 5:21PM
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 Homestarr Realty
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Investment Insights
Based on property information with market context.
This commercial retail and medical property offers 1,258 square feet of above-grade finished space. The interior has been updated with freshly painted walls, new drywall, and new carpeting. The layout includes a receptionist front desk area, several private exam rooms, and two bathrooms. An unfinished basement extends under the entire building, providing additional usable space.
The property is located off Holme Circle at the corner of Holme Ave and Willits Rd, within a larger shopping center that includes other tenants and a shared parking lot.
For space planning, the combination of finished clinical or professional rooms and a full unfinished basement supports a range of office and service-oriented uses, subject to applicable approvals.
The property is located off Holme Circle at the corner of Holme Ave and Willits Rd, within a larger shopping center that includes other tenants and a shared parking lot.
For space planning, the combination of finished clinical or professional rooms and a full unfinished basement supports a range of office and service-oriented uses, subject to applicable approvals.
Key Highlights
- 1,258 sq ft above‑grade finished space in a commercial retail/medical property
- Updated interior with freshly painted drywall and new carpeting throughout
- Layout includes a reception front desk, multiple private exam rooms, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,555
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,100
$331.1K
Cap Rate 7%
$236,500
$236.5K
Cap Rate 9%
$183,944
$183.9K
Market Conditions
NOI Build-Up for 1,258 SF
Gross rent
$27.6K $21.96/SF
− Vacancy
−$5.6K −$4.41/SF
EGI
$22.1K $17.55/SF
− OpEx
−$5.5K −$4.39/SF
NOI
$16.6K $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%
$331,100
Cap Rate 7%
$236,500
Cap Rate 9%
$183,944
Alternative Uses
Best Use
Office B
$236.5K
$206.9K – $275.9K
NOI $16,555 @ 7.0% cap · market cap 4.60%
Second Best
Healthcare Medical
$232.9K
$203.8K – $271.7K
NOI $16,304 @ 7.0% cap · market cap 4.53%
Theoretical Best
Multifamily LT 5
$306.7K
$268.4K – $357.8K
NOI $21,468 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 19136, PA
39,151
Population
13,841
Households
2.8
Avg Household Size
36
Median Age
24%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,156
Density / Sq Mi
$65,499
Median Household Income
$40,495
Median Earnings
$1,200
Median Rent
$215,000
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated above-grade suite features a reception area, private exam rooms, and an unfinished full basement.
Where is this medical office space located?
The property is located at 3150 Willits Rd Philadelphia, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 1,258 sq ft above‑grade finished space in a commercial retail/medical property; Updated interior with freshly painted drywall and new carpeting throughout; Layout includes a reception front desk, multiple private exam rooms, and two bathrooms
