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    575 Adams Ave Philadelphia, PA 19120

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    For Lease
    Contact for pricing

    Prime retail space available in a vibrant Philadelphia shopping center.

    Type:Retail
    Property size:
    5,000 SF
    Lot size:
    1.76 Acres
    Added:
    Feb 1, 2024
    Days on Market:
    797
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 575 Adams Ave

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    1.76 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    2012

    We can help!

    Listing Contact
    Avi Malul

    Listing agent Avi Malul License #10311209853

    Listing office The Lion Real Estate

    Listing date Feb 1, 2024

    Source Crexi

    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 The Lion Real Estate

    Overview

    Retail Space in Sunrise Square

    Located at 575 Adams Ave in Philadelphia, PA, Sunrise Square Shopping Center offers a 5,000-square-foot retail space for lease. Situated off Roosevelt Blvd (US-1) in a densely populated area, this shopping center, built in 2012, spans 32,000 square feet on 1.76 acres. The center is anchored by Pho Ha Saigon restaurant, Emancipet Veterinarian Center, and KenCrest Academy. The available space is suitable for businesses or event spaces, and is ideal for a Pickleball club. The space has been fully renovated and delivered as a "Vanilla Box", featuring new HVAC, upgraded electrical systems, modern lighting, fresh flooring and walls, plus newly built bathrooms. Located at the high-visibility corner of Adams and Foulkrod, the end-cap space offers modern features, a flexible layout, and ample parking. The lease rate is $18.00 per square foot per year, with flexible lease terms negotiable under a Triple Net (NNN) service type. Sunrise Square Shopping Center features a new facade, roof, and flexible floor plans. High ceilings and in-line positioning with other retail establishments make this space a prime choice for businesses. The property includes 75 parking spaces and is located at a signalized intersection, ensuring visibility and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Emancipet Veterinary Clinic KenCrest Training Center Phở Ha Saigon Restaurant ATM Atm Signature Furniture Inc Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Northeast Tower Center — 4640 E Roosevelt Blvd, Philadelphia, PA 19124
    • Coinstar Kiosk | Bitcoin ATM — PJP Marketplace, 537 Adams Ave, Philadelphia, PA 19120
    • Coinstar Kiosk — 537 adams ave, philadelphia, pa 19120
    • One & Olney Shopping Center — 101 E Olney Ave, Philadelphia, PA 19120
    • Adams Plaza — 833 Adams Ave, Philadelphia, PA 19124

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.107744
    Latitude
    40.036103

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    FAQs

    What type of property is this?
    Shopping center - Prime retail space available in a vibrant Philadelphia shopping center.
    Where is this shopping center located?
    The property is located at 575 Adams Ave Philadelphia, PA.
    What are key features of this property?
    This property features: Prime location off Roosevelt Blvd (US‑1) in a densely populated area of Northeast Philadelphia.; Anchored by successful businesses including Pho Ha Saigon, Emancipet Veterinarian Center, and KenCrest Academy.; **Available 5,000 sq ft retail space is fully renovated and delivered as a 'Vanilla Box' with new HVAC, electrical, lighting, flooring, walls, and bathrooms.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Avi Malul
    Real Estate License ID: 10311209853
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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