Medical Office Building For
For Sale
$1,399,000
9821 ACADEMY ROAD, Philadelphia, PA 19114
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 Market172
Property Features for 9821 ACADEMY ROAD
General Information
Standard status
Active
Size
4,575 SF
Lot size
0.40 Acres
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$6,929
Building Details
Building Size
4,575 SF
Year Built
1988
Listing Agency:
Realty Mark Cityscape
Listed By:
George J Cahill · License #RM044684
(215) 783-8731
Source:
Lizclarkrealestate
Added: Apr 28
Changed: Oct 9
Last Checked: Oct 15 at 5:48AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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)
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
View Realmo Analytics
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 - 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 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: 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)
