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    Front-Facing Retail with Development Potential Title is generated by Realmo AI

    557587 Old York Road, Philadelphia, PA 19141

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    For Sale
    $2,500,000

    Storefronts face Broad Street and sit near major transit and a hospital, with additional floors suited for conversion.

    Type:Commercial
    Added:
    Dec 21, 2025
    Days on Market:
    167
    Last Refresh:
    Jun 5 at 1:52 am

    Property Features for 557587 Old York Road

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1949

    We can help!

    Listing Contact
    Richard Q Li

    Listing agent Richard Q Li

    Listing office Liberty Real Estate

    Listing date Dec 21, 2025

    Source Deepcreeklake

    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 Liberty Real Estate

    HighLights

    • 108 ft of frontage on Broad Street, with storefronts all facing Broad Street
    • Located next to Albert Einstein Medical Center and near a SEPTA/on‑site bus station at Onley/Broad St
    • Upper floors can be converted to residential units and/or clinical offices
    • Structural backbones reported to be still very solid
    • Year built listed as 1949 (also referenced as built in the late 1970s)

    Overview

    This retail building offers front-facing storefront space with a structure built in the late 1970s. The structural backbones are described as still solid, and the property presents a semi-turnkey setup with the owner currently focused on maintaining the existing configuration rather than expanding. The upper floors are presented as flexible space that could be converted into residential units and/or clinical offices, depending on how an end user plans to utilize the building.

    According to the remarks, the front provides approximately 108 feet of frontage on Broad Street, supported by a slow-moving bus lane intended to facilitate customer access to the stores. All storefronts face Broad Street, and the building is positioned next to a public transportation hub identified as Onley/Broad St SEPTA, along with a nearby bus station. The Albert Einstein Medical Center is also noted as being directly adjacent.

    For an investor or developer, the property’s combination of existing retail frontage and upper-floor conversion options may appeal to tenants seeking a hospital- and transit-adjacent retail presence, while also considering a plan for the additional floors. Please note the seller request not to contact store owners directly.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.136565
    Latitude
    40.060958

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    FAQs

    What type of property is this?
    Retail space - Storefronts face Broad Street and sit near major transit and a hospital, with additional floors suited for conversion.
    Where is this retail space located?
    The property is located at 557587 Old York Road Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 108 ft of frontage on Broad Street, with storefronts all facing Broad Street; Located next to Albert Einstein Medical Center and near a SEPTA/on‑site bus station at Onley/Broad St; Upper floors can be converted to residential units and/or clinical offices
    We can help!
    Listing Contact
    Richard Q Li
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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