Retail/Office
For Sale
$435,000
Pending
7008 Castor Avenue, Philadelphia, PA 19149
Mixed retail and office space for sale on Castor Avenue in Philadelphia.
Property Size1,120 SF
Days on Market69
Property Features for 7008 Castor Avenue
General Information
Standard status
Pending
Size
1,120 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Fee Simple
Zoning
CMX1
Taxes and HOA fees
Annual Taxes
$3,071
Amenities
No
Level Entry - Main
No Pool
Building Details
Year Built
1950
Listing Agency:
Canaan Realty Services INC
Listed By:
Suzy Park · License #RS379690
(267) 574-5755
Source:
Compass
Added: Jun 29
Changed: Aug 26
Last Checked: Aug 14 at 7:42AM
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
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
$17,608
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
4.05%
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%
$352,160
$352.2K
Cap Rate 7%
$251,543
$251.5K
Cap Rate 9%
$195,644
$195.6K
Market Conditions
NOI Build-Up for 1,120 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
$29.2K $26.04/SF
− Vacancy
−$5.7K −$5.08/SF
EGI
$23.5K $20.96/SF
− OpEx
−$5.9K −$5.24/SF
NOI
$17.6K $15.72/SF
Area
ZIP 19149
Vacancy
19.50%
Lease Rate
$26.04 /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%
$352,160
Cap Rate 7%
$251,543
Cap Rate 9%
$195,644
Alternative Uses
Best Use
Office B
$251.5K
$220.1K – $293.5K
NOI $17,608 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
Explore this area
Business Placement
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
