Three-Building Office
9237 FRANKFORD Avenue, Philadelphia, PA 19114
For Sale
$1,200,000
Commercial Sale, PHILADELPHIA, PA
Property Size5,100 SF
Lot Size0.05 Acres
Price / SF$235.29
Days on Market94
Property Features for 9237 FRANKFORD Avenue
General Information
Property type
Property subtype
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Building materials
Listing Agency:
RE/MAX Select Group · RE/MAX International
(215) 335-6900
Listed By:
Joseph McCabe · License PA RM424069
(215) 868-6379
Added: Aug 11
Changed: Aug 19
Last Checked: Nov 12 at 8:06AM
MLS# PAPH2658510
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office portfolio combines 9237, 9239, and 9241 Frankford Avenue into one offering. The three consecutive CMX-2 commercial buildings provide approximately 5100 square feet, along with basements and rear yards. Masonry construction dates to 1935, with forced-air heating, central air, and on-street parking.
The properties are occupied by a real estate office that has operated at this location since 1980. The occupancy is structured under a triple-net lease renewing 9/2028, with the tenant responsible for property taxes, property insurance, trash fees, and maintenance expenses. The buildings are positioned in an established Northeast Philadelphia business district near retail, restaurants, banks, professional offices, schools, and other listed destinations, with access to I-95, Route 1, Center City Philadelphia, and the Betsy Ross Bridge.
The properties are occupied by a real estate office that has operated at this location since 1980. The occupancy is structured under a triple-net lease renewing 9/2028, with the tenant responsible for property taxes, property insurance, trash fees, and maintenance expenses. The buildings are positioned in an established Northeast Philadelphia business district near retail, restaurants, banks, professional offices, schools, and other listed destinations, with access to I-95, Route 1, Center City Philadelphia, and the Betsy Ross Bridge.
Key Highlights
- Three consecutive CMX‑2 commercial buildings sold together at 9237, 9239, and 9241 Frankford Avenue
- Approximately 5100 square feet plus basements and rear yards
- Occupied real estate office has operated at the location since 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,114
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,342,280
$1.3M
Cap Rate 7%
$958,771
$958.8K
Cap Rate 9%
$745,711
$745.7K
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$112.0K $21.96/SF
− Vacancy
−$22.5K −$4.41/SF
EGI
$89.5K $17.55/SF
− OpEx
−$22.4K −$4.39/SF
NOI
$67.1K $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%
$1,342,280
Cap Rate 7%
$958,771
Cap Rate 9%
$745,711
Alternative Uses
Best Use
Office B
$958.8K
$838.9K – $1.12M
NOI $67,114 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $87,031 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Explore this area
Business Placement
Demographics for 19114, PA
32,645
Population
14,703
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
5.6 sq mi
ZIP Area
5,829
Density / Sq Mi
$76,076
Median Household Income
$48,257
Median Earnings
$1,369
Median Rent
$276,400
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Philadelphia, PA
Properties on Market for Office buildings in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office building - Three connected masonry commercial buildings offer office occupancy, basements, rear yards, and on-street parking.
Where is this office building located?
The property is located at 9237 FRANKFORD Avenue 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: Three consecutive CMX‑2 commercial buildings sold together at 9237, 9239, and 9241 Frankford Avenue; Approximately 5100 square feet plus basements and rear yards; Occupied real estate office has operated at the location since 1980
