Medical Office Space with
For Sale
Contact for pricing
8019 CASTOR AVENUE A & B, Philadelphia, PA 19152
Two-level layout includes dedicated parking and dual stair access to the lower floor.
Property Size2,000 SF
Price / SF$1.10
Days on Market55
Property Features for 8019 CASTOR AVENUE A & B
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
10
Property subtype
Commercial
Site & Location
Neighborhood
Northeast Philadelphia
Building Details
Year Built
1980
Listing Agency:
Premium Realty Group Inc
(267) 968-8878
Listed By:
Mohammed R Latif · License #RS280448
(215) 917-7302
Source:
Cummingsrealtors
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 24 at 5:48PM
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 Premium Realty Group 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 4,000-square-foot commercial property offers 2,000 square feet on the first floor and a separate 2,000-square-foot basement. The interior was previously arranged for medical office use and includes two half-baths. Dual stairways connect the levels, including a wider stair run that supports movement to the basement.
The property includes 10 dedicated parking spaces and is located at 8019 Castor Avenue A & B in Philadelphia. Built in 1980, the building provides a two-level configuration for continued office use or a future reworking of the existing layout.
The property includes 10 dedicated parking spaces and is located at 8019 Castor Avenue A & B in Philadelphia. Built in 1980, the building provides a two-level configuration for continued office use or a future reworking of the existing layout.
Key Highlights
- 4,000‑square‑foot commercial property with 2,000 square feet on each level
- Previously configured as a medical office
- Two half‑baths included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,920
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,400
$518.4K
Cap Rate 7%
$370,286
$370.3K
Cap Rate 9%
$288,000
$288.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$48.0K $24.00/SF
− Vacancy
−$4.8K −$2.40/SF
EGI
$43.2K $21.60/SF
− OpEx
−$17.3K −$8.64/SF
NOI
$25.9K $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%
$518,400
Cap Rate 7%
$370,286
Cap Rate 9%
$288,000
Alternative Uses
Best Use
Office B
$376.0K
$329.0K – $438.7K
NOI $26,319 @ 7.0% cap · market cap 1,196.32%
Second Best
Healthcare Medical
$370.3K
$324.0K – $432.0K
NOI $25,920 @ 7.0% cap · market cap 1,178.18%
Theoretical Best
Multifamily LT 5
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap · market cap 1,551.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Similar Off Market Nearby
- Rhawnhurst Animal Hospital — 7905 Bustleton Ave, Philadelphia, PA 19152
- Rhawnhurst Animal Hospital Marsha Katz VMD — 7905 Bustleton Ave, Philadelphia, PA 19152
- Denish Adam DVM — 7905 Bustleton Ave, Philadelphia, PA 19152
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-level layout includes dedicated parking and dual stair access to the lower floor.
Where is this medical office space located?
The property is located at 8019 CASTOR AVENUE A & B Philadelphia, PA.
What are key features of this property?
This property features: 4,000‑square‑foot commercial property with 2,000 square feet on each level; Previously configured as a medical office; Two half‑baths included
