Medical Office with Finished Lower
For Sale
Under Contract
$1,399,000
9821 ACADEMY Road, Philadelphia, PA 19114
Commercial Sale, PHILADELPHIA, PA
Property Size4,575 SF
Lot Size0.40 Acres
Price / SF$305.79
Days on Market193
Property Features for 9821 ACADEMY Road
General Information
Property type
Other
Property subtype
Office
Parking
12
Parking features
Special Needs, Parking Lot
Subdivision
ACADEMY GARDENS
High school
GEORGE WASHINGTON
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Lot size
0.40 Acres
Additional Details
Tenant in Place
Yes
Property Use
Medical Office
Condition
Built-Out
Taxes and HOA fees
Tax Annual Amount
6929
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Building Details
Year built
1988
Building materials
Masonry
Buildings
1
Listing Agency:
Realty Mark Cityscape
(215) 583-7777
Listed By:
George J Cahill · License #RM044684
(215) 783-8731
Added: Apr 28
Changed: Nov 4
Last Checked: Nov 6 at 5:06AM
MLS# PAPH2607512
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 4,575 SF medical office building has a reception area, waiting room, multiple exam rooms, and private offices. A finished lower level adds clinical and administrative space. The masonry building was constructed in 1988 and expanded in 2012; improvements include an updated roof and ADA-accessible ramps. On-site parking accommodates 12 vehicles, with multiple building entry points.
The property fronts Academy Road in Northeast Philadelphia, directly across from Northeast Philadelphia Airport. The corridor carries 29,000 vehicles per day. I-95, US-1, and PA-63 provide regional access. Residential areas and retail amenities are also identified in the surrounding context.
The property fronts Academy Road in Northeast Philadelphia, directly across from Northeast Philadelphia Airport. The corridor carries 29,000 vehicles per day. I-95, US-1, and PA-63 provide regional access. Residential areas and retail amenities are also identified in the surrounding context.
Key Highlights
- 4,575 SF medical office building with a finished lower level
- Constructed in 1988 and expanded in 2012
- 12 on‑site parking spaces and multiple entry points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,205
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,100
$1.2M
Cap Rate 7%
$860,071
$860.1K
Cap Rate 9%
$668,944
$668.9K
Market Conditions
NOI Build-Up for 4,575 SF
Gross rent
$100.5K $21.96/SF
− Vacancy
−$20.2K −$4.41/SF
EGI
$80.3K $17.55/SF
− OpEx
−$20.1K −$4.39/SF
NOI
$60.2K $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%
$1,204,100
Cap Rate 7%
$860,071
Cap Rate 9%
$668,944
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 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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Similar Off Market Nearby
- Caring Hands Veterinary Clinic — 3310 Grant Ave, Philadelphia, PA 19114
Frequently Asked Questions
What type of property is this?
Medical Office Space - A reception area, exam rooms, and private offices support a range of clinical and administrative functions.
Where is this medical office space located?
The property is located at 9821 ACADEMY Road 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: 4,575 SF medical office building with a finished lower level; Constructed in 1988 and expanded in 2012; 12 on‑site parking spaces and multiple entry points
