Retail/Office
For Sale
$435,000
7008 Castor Ave, Philadelphia, PA 19149
Mixed retail and office space for sale on Castor Avenue in Philadelphia.
Property Size1,120 SF
Price / SF$388.39
Days on Market96
Property Features for 7008 Castor Ave
General Information
Standard status
Active
Size
1,120 SF
Site & Location
Neighborhood
Northeast Philadelphia
Building Details
Year Built
1950
Listing Agency:
Canaan Realty Services INC
Listed By:
Suzy Park · License #RS379690
(267) 574-5755
Source:
Kableteam
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 7 at 3:13PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$17,608
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office unit - Mixed retail and office space for sale on Castor Avenue in Philadelphia.
Where is this office unit located?
The property is located at 7008 Castor Ave 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
