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    Medical Office Building For Sale Title is generated by Realmo AI

    9821 Academy Rd, Philadelphia, PA 19114

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    For Sale
    $1,399,000

    Well-maintained medical office building with high visibility and income potential.

    Type:Commercial
    Property size:
    4,575 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $305/SF
    Added:
    Apr 14, 2026
    Days on Market:
    53
    Last Refresh:
    May 12 at 8:30 pm

    Property Features for 9821 Academy Rd

    General Information

    Standard status
    Active
    Size
    4,575 SF
    Lot size
    0.40 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1988

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    Listing Contact
    GEORGE J CAHILL

    Listing agent GEORGE J CAHILL License #RM044684

    Listing office REALTY MARK CITYSCAPE

    Listing date Apr 14, 2026

    Source Corcoran

    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 REALTY MARK CITYSCAPE

    HighLights

    • High‑visibility location on heavily traveled Academy Road (29,000 vehicles per day) directly across from Northeast Philadelphia Airport
    • Fully built‑out, functional medical layout with reception, waiting room, exam rooms, private offices and finished lower level
    • Strong income potential with existing lease generating approximately $97,000/year ($21.27/SF)
    • Value‑add opportunity through lease restructuring or owner‑user occupancy to increase returns to market levels
    • Ample on‑site parking (12 spaces) with convenient access and multiple entry points
    • Strategic location with quick access to I‑95, US‑1, and PA‑63, surrounded by residential density and retail amenities

    Overview

    Located along the heavily traveled Academy Road corridor in Northeast Philadelphia, this 4,575 square foot medical office building offers a combination of location, functionality, and upside. Situated across from Northeast Philadelphia Airport, the property benefits from high visibility with 29,000 vehicles per day. Constructed in 1988 and expanded in 2012, the property is in good overall condition with modernized improvements, including an updated roof and ADA-accessible ramps. The building features a fully built-out medical layout, including a reception area, waiting room, multiple exam rooms, private offices, and a finished lower level with additional clinical and administrative space. The 0.40-acre parcel provides on-site parking with 12 spaces and convenient access. Currently leased to a medical user, the property generates approximately $97,000 per year, offering immediate income with future upside through lease restructuring or owner-user occupancy. The existing lease structure presents an opportunity to increase returns to market levels. Strategically located with quick access to I-95, US-1, and PA-63, and surrounded by residential density and retail amenities, this site supports long-term demand for medical and professional services. The property is suitable for medical, dental, or professional office use.
    Location Intelligence

    Current Use by Public Records

    Gruzin Ronald DO Physician Associated Family Practice ... Medical Clinic William J. Artz, ... Pediatrician Meister Julius S Employment Agency Wohl Allan M ... Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Caring Hands Veterinary Clinic — 3310 Grant Ave, Philadelphia, PA 19114

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.00031
    Latitude
    40.075928

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    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained medical office building with high visibility and income potential.
    Where is this medical office space located?
    The property is located at 9821 Academy Rd Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: High‑visibility location on heavily traveled Academy Road (29,000 vehicles per day) directly across from Northeast Philadelphia Airport; Fully built‑out, functional medical layout with reception, waiting room, exam rooms, private offices and finished lower level; Strong income potential with existing lease generating approximately $97,000/year ($21.27/SF)
    (215) 583-7777
    We can help!
    Listing Contact
    GEORGE J CAHILL
    Real Estate License ID: RM044684
    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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