Five-Unit Medical Office
For Sale
Contact for pricing
8945R Ridge Ave, Philadelphia, PA 19128
Combined office units currently configured for medical use with an established long-term lease in place.
Property Size3,000 SF
Price / SF$400
Days on Market186
Property Features for 8945R Ridge Ave
General Information
Standard status
Active
Size
3,000 SF
Class
A
Property subtype
Office
Zoning
CA2
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$95,481
Additional Details
Public Transit
Yes
Office Units
5
Building Details
Year Built
1984
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
Keller Williams Real Estate-Bl
Listed By:
Albert LaBrusciano · License #149026
(215) 646-2900
Source:
Crexi
Added: Apr 16
Changed: Oct 15
Last Checked: Oct 16 at 8:13AM
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 Keller Williams Real Estate-Bl
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Investment Insights
Based on property information with market context.
This offering includes five office units sold together as one package, comprising approximately 3,000 square feet. The property is currently configured for medical office use and is subject to a long-term lease. Built in 1984, the asset carries CA2 zoning and provides a consolidated office ownership opportunity rather than individual unit sales.
The property is located at 8945R Ridge Ave in Philadelphia, Pennsylvania, with access to public transportation and ample on-site parking. Its existing medical-office configuration and leased status provide a defined operating profile for office-focused ownership.
The property is located at 8945R Ridge Ave in Philadelphia, Pennsylvania, with access to public transportation and ample on-site parking. Its existing medical-office configuration and leased status provide a defined operating profile for office-focused ownership.
Key Highlights
- Five office units offered together as one package
- Approximately 3,000 square feet of office space
- Currently configured as a medical office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,479
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,580
$789.6K
Cap Rate 7%
$563,986
$564.0K
Cap Rate 9%
$438,656
$438.7K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$65.9K $21.96/SF
− Vacancy
−$13.2K −$4.41/SF
EGI
$52.6K $17.55/SF
− OpEx
−$13.2K −$4.39/SF
NOI
$39.5K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,580
Cap Rate 7%
$563,986
Cap Rate 9%
$438,656
Alternative Uses
Best Use
Office B
$564.0K
$493.5K – $658.0K
NOI $39,479 @ 7.0% cap · market cap 3.29%
Second Best
Healthcare Medical
$555.4K
$486.0K – $648.0K
NOI $38,880 @ 7.0% cap · market cap 3.24%
Theoretical Best
Multifamily LT 5
$731.4K
$639.9K – $853.3K
NOI $51,195 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office units - Combined office units currently configured for medical use with an established long-term lease in place.
Where is this office units located?
The property is located at 8945R Ridge Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Five office units offered together as one package; Approximately 3,000 square feet of office space; Currently configured as a medical office
