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    Roosevelt Blvd & Haldeman Ave Philadelphia, PA 19116

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    Roosevelt Blvd & Haldeman Ave Philadelphia, PA 19116

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    • Retail properties & Spaces
    • 108,347 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Roosevelt Blvd & Haldeman Ave

    Property size
    108,347 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    Boulevard Plaza offers a prime retail pad space for lease in Northeast Philadelphia. This exceptional opportunity is located at the intersection of Roosevelt Boulevard and Haldeman Avenue, a highly desirable retail corridor boasting significant traffic volume. The available space totals 17,300 square feet, part of a larger 108,347 square foot retail center. This is a multi-tenant property, with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 17,300 square feet currently available. The property benefits from its strategic location, drawing from a substantial customer base; approximately 400,000 people reside within a 15-minute drive. This location provides excellent visibility and accessibility, further enhanced by its proximity to major retail anchors such as Target and ShopRite. The property is situated in Philadelphia County, Pennsylvania. This is an ideal location for businesses seeking high visibility and access to a large consumer market in a thriving retail environment. The available space presents a unique opportunity to establish a strong presence in a well-established and successful retail center. Interested parties should inquire for lease terms and conditions.

    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
    -75.0085
    Latitude
    40.1001

    Comparable in this City

    • Value Estimation
      $2,960,000
      28,677 SF

      10500 Roosevelt Blvd

      RETAIL STORES (PERSONAL SERVICES) • 28,677 SF
      10500 Roosevelt Blvd, Philadelphia, PA 19116-3906
      View Details
    • Value Estimation
      $16,840,000
      97,022 SF

      815 Hendrix St, Unit 25

      RETAIL STORES (PERSONAL SERVICES) • 97,022 SF
      815 Hendrix St, Philadelphia, PA 19116-2534
      View Details
    • Value Estimation by Request
      1,400 SF

      11903 Bustleton Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,400 SF
      11903 Bustleton Ave, Philadelphia, PA 19116-2541
      View Details
    • Value Estimation by Request
      2,177 SF

      10000 Sandmeyer Ln

      RETAIL STORES (PERSONAL SERVICES) • 2,177 SF
      10000 Sandmeyer Ln, Philadelphia, PA 19116-3502
      View Details
    • Value Estimation by Request
      1,720 SF

      12040 Bustleton Ave

      STORE, RETAIL OUTLET • 1,720 SF
      12040 Bustleton Ave, Philadelphia, PA 19116-2108
      View Details
    • Value Estimation
      $605,000
      3,600 SF

      11909 Bustleton Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      11909 Bustleton Ave, Philadelphia, PA 19116-2541
      View Details

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      Roosevelt Boulevard Retail Opportunity

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      11000 Roosevelt Blvd, Philadelphia, PA 19116
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      Updated Duplex in Somerton Neighborhood

      Well-maintained duplex with modern updates and convenient location.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Roosevelt Boulevard

      Retail property with junior anchor space available for lease/sale.
      10500 Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail spaces available for lease.
      Roosevelt Blvd & Haldeman Ave, Philadelphia, PA 19116
      View Details
    • $1,350 /Mo

      Professional Office Space Available

      Well-maintained office space in a convenient Philadelphia location.
      10065-67 Sandmeyer Ln, Philadelphia, PA 19116
      View Details
    • Contact for pricing

      Roosevelt Boulevard Warehouse Space

      Warehouse space available for lease on Roosevelt Boulevard.
      15000 Roosevelt Blvd, Philadelphia, PA 19116
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      252,826 SF

      Roosevelt Blvd Industrial Space

      Industrial space available for lease on Roosevelt Blvd.
      11200 Roosevelt Blvd, Philadelphia, PA 19116
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    • Contact for pricing
      23,000 SF

      Industrial Space in Philadelphia

      23,000 sq ft industrial property available for rent.
      2055 Bennett Rd, Philadelphia, PA 19116
      View Details
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    Philadelphia, PA 19116
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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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