Multi-Unit Medical Office
7620 Ogontz Avenue Philadelphia, PA 19150
For Sale
$895,000
Three separate office properties with multiple rooms, offices, and bathrooms, currently in good shape for medical or professional use.
Property Size5,950 SF
Price / SF$150.42
Days on Market255
Property Features for 7620 Ogontz Avenue
General Information
- Standard status
- Active
- Size
- 5,950 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1950
Listing Agency:
KW Empower
(610) 331-7213
Listed By:
Michael Cohen · License #AB066937
(610) 331-7213
Source:
Xome
Added: Nov 13, 2025
Changed: Jul 23
Last Checked: Jul 24 at 5:50AM
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 KW Empower
Investment Insights
Based on property information with market context.
This for-sale property is configured as three separate office spaces at 7620, 7622, and 7624 Ogontz Avenue, each designed to support multiple professional uses. The 7620 Ogontz units include four separate units, each with two large rooms, auxiliary space, and a bathroom, with separate entries. The 7622 Ogontz suite is laid out for medical use, with eight offices, a waiting room, and radiology rooms. The 7624 Ogontz space was previously used as a pharmacy and includes a large waiting room, storage/office room, and a bathroom.
All units are described as being in good shape and in need of minimal adaptations to accommodate future business operations.
Separately configured entries and multi-room layouts make the building practical for tenants seeking flexible professional space within a multi-property setup.
All units are described as being in good shape and in need of minimal adaptations to accommodate future business operations.
Separately configured entries and multi-room layouts make the building practical for tenants seeking flexible professional space within a multi-property setup.
Key Highlights
- Three separate office properties at 7620, 7622, and 7624 Ogontz, each with its own separate entry
- 7620 Ogontz: four units, each with two large rooms, auxiliary space, and a bathroom
- 7622 Ogontz: multi‑room space with 8 offices, a waiting room, and radiology rooms (previously used as a diagnostic radiology facility)
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 | $130.7k | $21.96 |
| − Vacancy | −$26.3k | −$4.41 |
| EGI | $104.4k | $17.55 |
| − OpEx | −$26.1k | −$4.39 |
| NOI | $78.3k | $13.16 |
5,950 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.12M
$978.7K – $1.30M
NOI $78,299 @ 7.0% cap · market cap 8.75%
Second Best
Healthcare Medical
$1.10M
$963.9K – $1.29M
NOI $77,112 @ 7.0% cap · market cap 8.62%
Theoretical Best
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,536 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Cheltenham Animal Hospital — 1728 W Cheltenham Ave, Philadelphia, PA 19126
- mvmspa — 1728 W Cheltenham Ave, Philadelphia, PA 19126
FAQs
What type of property is this?
Medical Office Space - Three separate office properties with multiple rooms, offices, and bathrooms, currently in good shape for medical or professional use.
Where is this medical office space located?
The property is located at 7620 Ogontz Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three separate office properties at 7620, 7622, and 7624 Ogontz, each with its own separate entry; 7620 Ogontz: four units, each with two large rooms, auxiliary space, and a bathroom; 7622 Ogontz: multi‑room space with 8 offices, a waiting room, and radiology rooms (previously used as a diagnostic radiology facility)
