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    7720 City Line Ave Philadelphia, PA 19151

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    7720 City Line Ave Philadelphia, PA 19151

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    • Neighborhood centers
    • 162,135 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 7720 City Line Ave

    Property size
    162,135 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This Class A, 162,135 square foot City Avenue Shopping Center offers exceptional medical office space in Philadelphia, PA. Located at 7720 City Line Avenue, zip code 19151, this prime retail and office property boasts a highly desirable location on a main retail corridor (Route 1), within a densely populated trade area near St. Joseph’s University. The center features four total suites, with multiple tenancies available. Currently, 8,331 square feet of space is vacant, offering flexible options for medical practices seeking expansion or relocation. Individual suites range from a minimum of 1,530 square feet to a maximum contiguous space of 2,400 square feet, providing ample room for various medical specialties. The property is categorized as a strip center and is classified as a medical office building. Its location in Philadelphia County ensures easy access to a large patient base and a thriving medical community. This is a rare opportunity to secure high-quality medical office space in a prime Philadelphia location. The property's excellent visibility and convenient access make it an ideal location for any medical practice seeking to establish or expand its presence in this dynamic market. Serious inquiries are encouraged to explore this exceptional opportunity.

    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
    -75.2732
    Latitude
    39.9777

    Comparable in this City

    • Value Estimation by Request
      4,251 SF

      6600 Lansdowne Ave

      Medical Office Space • 4,251 SF
      6600 Lansdowne Ave, Philadelphia, PA 19151
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    • Value Estimation
      $9,185,000
      82,575 SF

      7600 City Ave, Unit 98

      SHOPPING CENTER, STRIP CENTER • 82,575 SF
      7600 City Ave, Philadelphia, PA 19151-2007
      View Details
    • Value Estimation
      $1,770,000
      15,525 SF

      7586 Haverford Ave, Unit 98

      SHOPPING CENTER, STRIP CENTER • 15,525 SF
      7586 Haverford Ave, Philadelphia, PA 19151-2113
      View Details
    • Value Estimation
      $10,000,000
      91,216 SF

      7700 City Ave, Unit 98

      SHOPPING CENTER, STRIP CENTER • 91,216 SF
      7700 City Ave, Philadelphia, PA 19151-2024
      View Details
    • Value Estimation
      $625,000
      6,425 SF

      5901 Lancaster Ave, Unit 9

      SHOPPING CENTER, STRIP CENTER • 6,425 SF
      5901 Lancaster Ave, Philadelphia, PA 19151-3538
      View Details
    • Value Estimation
      $2,305,000
      24,995 SF

      7543 Haverford Ave, Unit 79

      SHOPPING CENTER, STRIP CENTER • 24,995 SF
      7543 Haverford Ave, Philadelphia, PA 19151-2226
      View Details

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      Retail Space on City Avenue

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    7720 City Line Ave
    Philadelphia, PA 19151
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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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