Retail/Office
7008 Castor Avenue Philadelphia, PA 19149
7008 Castor Avenue, Philadelphia, PA, 19149
$435,000
Pending
For Sale
$435,000
Pending
Mixed retail and office space for sale on Castor Avenue in Philadelphia.
Property Size1,120 SF
Days on Market24
Property Features for 7008 Castor Avenue
General Information
- Standard status
- Pending
- Size
- 1,120 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing agency
Canaan Realty Services INC
(267) 574-5755
Listed by
Suzy Park · License #RS379690
(267) 574-5755
Source
Compass
Added: Jun 29 Updated: Jul 21 at 8:02AM Checked: Jul 22 at 9:43AM
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 Canaan Realty Services INC
Investment Insights
Based on property information with market context.
This for-sale commercial property at 7008 Castor Avenue is presented as a flexible retail and office setup, suited to a range of professional, service, and retail-oriented uses. The offering is located within a well-established business district along the Castor Avenue corridor.
The property is positioned to benefit from visibility and access associated with a highly traveled commercial avenue, with nearby retail activity and convenient public transportation noted in the remarks. Suitable for owner-occupancy or investment ownership, the asset is being offered as an opportunity to establish or expand a presence along Northeast Philadelphia’s active commercial route.
The property is positioned to benefit from visibility and access associated with a highly traveled commercial avenue, with nearby retail activity and convenient public transportation noted in the remarks. Suitable for owner-occupancy or investment ownership, the asset is being offered as an opportunity to establish or expand a presence along Northeast Philadelphia’s active commercial route.
Key Highlights
- Mixed retail and office space for sale on Castor Avenue in Philadelphia
- Highly visible along the Castor Avenue corridor in Northeast Philadelphia
- Accessibility feature: level entry to the main area
Local 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 | $29.2k | $26.04 |
| − Vacancy | −$5.7k | −$5.08 |
| EGI | $23.5k | $20.96 |
| − OpEx | −$5.9k | −$5.24 |
| NOI | $17.6k | $15.72 |
1,120 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$251.5K
$220.1K – $293.5K
NOI $17,608 @ 7.0% cap · market cap 4.05%
Second Best
Retail
$180.8K
$158.2K – $211.0K
NOI $12,658 @ 7.0% cap · market cap 2.91%
Theoretical Best
Apartment 5plus
$2.14M
$1.88M – $2.50M
NOI $150,109 @ 7.0% cap · market cap 34.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chon Insurance Agency
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Mixed retail and office space for sale on Castor Avenue in Philadelphia.
Where is this office units located?
The property is located at 7008 Castor Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Mixed retail and office space for sale on Castor Avenue in Philadelphia; Highly visible along the Castor Avenue corridor in Northeast Philadelphia; Accessibility feature: level entry to the main area
