Medical Office Building For
9821 Academy Rd Philadelphia, PA 19114
9821 Academy Rd, Philadelphia, PA, 19114
$1,399,000
For Sale
$1,399,000
Well-maintained medical office building with high visibility and income potential.
Property Size4,575 SF
Lot Size0.40 Acres
Price / SF$305.79
Days on Market99
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
Listing Agency
REALTY MARK CITYSCAPE
(215) 583-7777
Listed by
GEORGE J CAHILL · License #RM044684
Source
Corcoran
Added: Apr 14 Updated: Jul 10 at 1:36 pm Checked: Jul 20 at 3:34 am
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
Investment Insights
Based on property information with market context.
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.
Key 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)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.5k | $21.96 |
| − Vacancy | −$20.2k | −$4.41 |
| EGI | $80.3k | $17.55 |
| − OpEx | −$20.1k | −$4.39 |
| NOI | $60.2k | $13.16 |
4,575 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$860.1K
$752.6K – $1.00M
NOI $60,205 @ 7.0% cap · market cap 4.30%
Second Best
Healthcare Medical
$847.0K
$741.2K – $988.2K
NOI $59,292 @ 7.0% cap · market cap 4.24%
Theoretical Best
Multifamily LT 5
$1.12M
$975.9K – $1.30M
NOI $78,072 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
Similar For Sale Nearby
Similar Off Market Nearby
- Caring Hands Veterinary Clinic — 3310 Grant Ave, Philadelphia, PA 19114
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)
