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    Property profile & analytics

    2418 York St Philadelphia, PA 19125

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Susmita Hazarika / Psychiatrist
    • Kavita Vasu / Psychiatrist
    • Triston Wong / Psychiatrist / Health Care Facility
    • Dr. Milena Goldshmidt / Psychiatrist / Health Care Facility
    • Dr. Jenny Joseph / Psychiatrist / Health Care Facility

    Property Details for 2418 York St

    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional opportunity presents fully equipped medical office suites for lease in Philadelphia's vibrant Fishtown submarket. Located at 2418 E York St, Philadelphia, PA 19125, this medical co-working space offers flexible tenancy options, ranging from 96 to 1,000 square feet, perfect for individual practitioners or small medical groups. Six spaces are currently available, each a fully furnished clinical exam room complete with sinks and essential medical equipment, including exam tables and ophthalmoscopes. The unique co-working model eliminates the need for long-term leases, allowing you to pay only for the time you need – whether it's a few half-days, one day a week, or full-time occupancy. All utilities, maintenance, and facility management are included in the monthly membership fees, which range from $550 to $1750. Full-time members have the option to customize and personalize their space. This is an ideal solution for medical professionals seeking a cost-effective, flexible, and fully-equipped workspace in a thriving Philadelphia neighborhood. Contact us today to learn more about available spaces and membership options.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1245
    Latitude
    39.9778

    Comparable in this City

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      11,268 SF

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      860 SF

      1512 Frankford Ave, Unit C1

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      1100 Shackamaxon St, Unit 1B

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      $235,000
      2,150 SF

      2042 Amber St, Unit B1

      CONDOMINIUM OFFICES • 2,150 SF
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    • Value Estimation by Request
      1,371 SF

      2032 Frankford Ave, Unit C1

      CONDOMINIUM OFFICES • 1,371 SF
      2032 Frankford Ave, Philadelphia, PA 19125-1961
      View Details
    • Value Estimation
      $410,000
      1,743 SF

      1100 Shackamaxon St, Unit 1E

      CONDOMINIUM OFFICES • 1,743 SF
      1100 Shackamaxon St, Philadelphia, PA 19125-4120
      View Details

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    2418 York St
    Philadelphia, PA 19125
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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.

    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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