Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2280 Oregon Ave Philadelphia, PA 19145

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2280 Oregon Ave Philadelphia, PA 19145

    View on Map
    • Retail properties & Spaces
    • 456,154 SF
    • 43.85 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SNIPES / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store

    Property Details for 2280 Oregon Ave

    Lot size
    43.85 lot acres
    Property size
    456,154 SF
    Property type
    Retail properties & Spaces

    Description

    Quartermaster Plaza, located at 2280 Oregon Ave, Philadelphia, PA 19145, offers exceptional retail space in a high-traffic power center. This single-story building boasts a total of 456,154 square feet, with 10,200 square feet currently vacant and divisible into units ranging from 2,200 to 8,000 contiguous square feet. The property sits on 43.848 acres of land and includes 2,379 parking spaces, catering to the needs of both tenants and customers. Its strategic location at the intersection of Oregon Avenue and 23rd Street, in South Philadelphia, provides easy access to I-76 and the Walt Whitman Bridge, making it easily accessible from both Pennsylvania and New Jersey. The CA-2 (Auto-Oriented Commercial-2) zoning ensures flexibility for a variety of retail uses. Quartermaster Plaza benefits from strong co-tenancy, including BJ's Wholesale Club, The Home Depot (shadow anchor), PetSmart, Planet Fitness, and the soon-to-open Sprouts (Summer 2024). This prime location is situated between Center City, University City, and the Navy Yard, ensuring high visibility and significant foot traffic. No elevators are present in this single-story building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1861
    Latitude
    39.9186

    Comparable in this City

    • Value Estimation by Request
      17,228 SF

      2201-25 Oregon Ave

      Retail properties & Spaces • 17,228 SF
      2201-25 Oregon Ave, Philadelphia, PA 19145
      View Details
    • Value Estimation by Request
      90,000 SF

      23Rd St

      Power centers • 90,000 SF
      0 23Rd St, Philadelphia, PA 19145
      View Details
    • Value Estimation by Request
      218,961 SF

      21 Jackson St

      Office Units • 218,961 SF
      21 Jackson St, Philadelphia, PA 19145
      View Details
    • Value Estimation by Request
      977 SF

      1853-55 Hoffman St

      Retail properties & Spaces • 977 SF
      1853-55 Hoffman St, Philadelphia, PA 19145
      View Details
    • Value Estimation by Request
      221,511 SF

      2301-11 Oregon Ave

      Lifestyle centers • 221,511 SF
      2301-11 Oregon Ave, Philadelphia, PA 19145
      View Details
    • Value Estimation by Request
      20,318 SF

      2298 Ritner St

      Automotive properties • 20,318 SF
      2298 Ritner St, Philadelphia, PA 19145
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space Available For Sale

      Retail property with dedicated entrance and ample parking.
      2298 West Ritner St, Philadelphia, PA 19145
      View Details
    • New
      $700,000
      Pending

      Laundromat with Income Potential

      Philadelphia laundromat with business and residential income streams.
      2051 South Opal St S Opal St, Philadelphia, PA 19145
      View Details
    • New
      $950,000
      3,123 SF

      Mixed-Use Property on Broad Street

      Recently renovated mixed-use property in South Philadelphia's Newbold neighborhood.
      1602 S Broad St, Philadelphia, PA 19145
      View Details
    • Contact for pricing
      8,000 SF

      Established Auto Repair Shop For Sale

      Commercial property with auto shop, gym, and development potential.
      1622-28 W Passyunk Ave, Philadelphia, PA 19145
      View Details
    • Contact for pricing

      Destination Shopping Center For Sale

      Retail space in high-traffic shopping center, Philadelphia, PA.
      2201-25 W Oregon Ave, Philadelphia, PA 19145
      View Details
    • Contact for pricing

      Prime Retail Space in Philadelphia

      Premier power center with expansion potential and easy access.
      S 23Rd St, Philadelphia, PA 19145
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Philadelphia, PA.
      S 23Rd St, Philadelphia, PA 19145
      View Details
    • $22 SF/Yr
      8,120 SF

      Retail Space on Oregon Avenue

      Retail property available for lease in Philadelphia, PA.
      2017-2057 Oregon Ave, Philadelphia, PA 19145
      View Details
    • $1,500 /Mo
      1,124 SF

      Snyder Avenue Commercial Space Available

      Commercial space and residential units for lease in Philadelphia.
      1709 Snyder Ave, Philadelphia, PA 19145
      View Details
    • Contact for pricing

      Prime Corner Commercial Property Available

      Versatile retail/office space in South Philadelphia, ideal for pharmacy.
      2101 S 19Th St, Philadelphia, PA 19145
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space with Drive-In Loading

      Retail space featuring high ceilings, open floor plan, and drive-in loading.
      2512-2520 Morris St, Philadelphia, PA 19145
      View Details
    • $1,495 /Mo
      2,269 SF

      Broad Street Commercial Unit

      Office or retail space available on Broad Street.
      2206 S Broad St, Philadelphia, PA 19145
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2280 Oregon Ave
    Philadelphia, PA 19145
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2280 Oregon Ave, Philadelphia, PA, 19145
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!