Multi-Unit Office
3222 W Cheltenham Avenue Philadelphia, PA 19150
For Sale
$399,900
Office suite with 10 units, plus a basement conference room and access to internet and utilities.
Property Size1,947 SF
Price / SF$205.39
Days on Market33
Property Features for 3222 W Cheltenham Avenue
General Information
- Standard status
- Active
- Size
- 1,947 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing Agency:
Exit Benchmark Realty
(215) 427-2870
Listed By:
Tony Goodman · License #RM420582
(215) 427-2870
Source:
Xome
Added: Jun 22
Changed: Jul 23
Last Checked: Jul 24 at 4:51AM
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 Exit Benchmark Realty
Investment Insights
Based on property information with market context.
This offering is an office suite configuration consisting of 10 individual units. The property also includes a conference room located on the basement level. Access to internet services and an on-site utility room are identified features for the suite.
The listing is for sale at 3222 W Cheltenham Avenue in Philadelphia, PA. The provided financial information notes gross income of $5,500 if totally occupied with all utilities paid.
The stated unit size is 120 sq ft per unit, supporting flexible office space within a single suite arrangement.
The listing is for sale at 3222 W Cheltenham Avenue in Philadelphia, PA. The provided financial information notes gross income of $5,500 if totally occupied with all utilities paid.
The stated unit size is 120 sq ft per unit, supporting flexible office space within a single suite arrangement.
Key Highlights
- Office suite with 10 units, each 120 sq ft
- Rent: $650 per unit; gross income of $5,500 if fully occupied (all utilities paid)
- Basement level includes a conference room
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $21.96 |
| − Vacancy | −$8.6k | −$4.41 |
| EGI | $34.2k | $17.55 |
| − OpEx | −$8.5k | −$4.39 |
| NOI | $25.6k | $13.16 |
1,947 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$366.0K
$320.3K – $427.0K
NOI $25,622 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$474.6K
$415.3K – $553.8K
NOI $33,225 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
At Peace Home Care ...
Home Help Service Agency
Yve Banks, Valor ...
Real Estate Agency
Debt Free Solutions ...
Financial Advisor
Valor Virtual Tours
Photography Service
Chris Lane, Benchmark ...
Real Estate Agency
FAQs
What type of property is this?
Office units - Office suite with 10 units, plus a basement conference room and access to internet and utilities.
Where is this office units located?
The property is located at 3222 W Cheltenham Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Office suite with 10 units, each 120 sq ft; Rent: $650 per unit; gross income of $5,500 if fully occupied (all utilities paid); Basement level includes a conference room
