First-Floor Medical Office Suite
For Sale
Contact for pricing
7516 CITY AVENUE SUITE 5, Philadelphia, PA 19151
First-floor medical office with central air and ample free parking, adjoining CVS and Aldi's.
Property Size575 SF
Price / SF$25.04
Days on Market94
Property Features for 7516 CITY AVENUE SUITE 5
General Information
Standard status
Active
Size
575 SF
Property subtype
Commercial
Site & Location
Neighborhood
West Philadelphia
Public Transit
Yes
Additional Details
Floor
First Floor
Amenities
Central Air
Building Details
Year Built
1963
Listing Agency:
Opus Elite Real Estate
(215) 395-6277
Listed By:
Deborah A Goodwin · License #RS285496
(610) 212-1232
Source:
Cummingsrealtors
Added: Jul 28
Changed: Oct 29
Last Checked: Oct 28 at 8:45AM
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 Opus Elite Real Estate
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Investment Insights
Based on property information with market context.
First-floor medical office suite offering 575 square feet. The space is equipped with central air and is part of a medical/office building built in 1963.
The property provides ample free parking and adjoins major retail neighbors including CVS and Aldi's, with access to a shopping center setting. Public transit access is also supported, with a SEPTA bus located at the corner.
Suitability is best for professional uses that benefit from an on-site first-floor patient or client experience and convenient parking, with the building’s central air supporting year-round comfort.
The property provides ample free parking and adjoins major retail neighbors including CVS and Aldi's, with access to a shopping center setting. Public transit access is also supported, with a SEPTA bus located at the corner.
Suitability is best for professional uses that benefit from an on-site first-floor patient or client experience and convenient parking, with the building’s central air supporting year-round comfort.
Key Highlights
- First‑floor medical office suite, 575 square feet
- Central air
- Ample free parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,452
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,040
$149.0K
Cap Rate 7%
$106,457
$106.5K
Cap Rate 9%
$82,800
$82.8K
Market Conditions
NOI Build-Up for 575 SF
Gross rent
$13.8K $24.00/SF
− Vacancy
−$1.4K −$2.40/SF
EGI
$12.4K $21.60/SF
− OpEx
−$5.0K −$8.64/SF
NOI
$7.5K $12.96/SF
Area
Philadelphia, PA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,040
Cap Rate 7%
$106,457
Cap Rate 9%
$82,800
Alternative Uses
Best Use
Office B
$108.1K
$94.6K – $126.1K
NOI $7,567 @ 7.0% cap · market cap 52.55%
Second Best
Healthcare Medical
$106.5K
$93.2K – $124.2K
NOI $7,452 @ 7.0% cap · market cap 51.75%
Theoretical Best
Multifamily LT 5
$140.2K
$122.7K – $163.5K
NOI $9,812 @ 7.0% cap · market cap 68.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
Median Home Value
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Medical Office Space - First-floor medical office with central air and ample free parking, adjoining CVS and Aldi's.
Where is this medical office space located?
The property is located at 7516 CITY AVENUE SUITE 5 Philadelphia, PA.
What are key features of this property?
This property features: First‑floor medical office suite, 575 square feet; Central air; Ample free parking
