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    2017-2057 Oregon Ave Philadelphia, PA 19145

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    2017-2057 Oregon Ave Philadelphia, PA 19145

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    • Lifestyle centers
    • 52,160 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 2017-2057 Oregon Ave

    Year built
    1954
    Property size
    52,160 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Oregon Plaza, a single-story, 52,160 square foot shopping center in Philadelphia County, offers a prime retail opportunity. Located at the busy intersection of West Oregon Avenue and 21st Street in the South Philadelphia West neighborhood, this C-2 zoned property boasts a high-density residential trade area with strong traffic counts of 19,334 vehicles per day. Built in 1954 and renovated in 1993, the center comprises twelve suites, currently featuring 7,250 square feet of immediately available space (Unit #12), ideal for a variety of retail uses. The available space totals 7,250 square feet. The property includes 60 total parking spaces for customer convenience. A new Grocery Outlet Supermarket is currently under construction within the shopping center, further enhancing its appeal and drawing increased foot traffic. The property's APN is 882048000. This location presents a unique chance to establish a business in a thriving commercial corridor with significant existing and future customer potential. The property's strategic location and the addition of a new anchor tenant make this an exceptional investment opportunity. The total building size is 52,160 square feet. Don't miss this chance to secure a space in a well-established and growing retail center.

    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
    -75.1816
    Latitude
    39.9185

    Comparable in this City

    • 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
      40,325 SF

      2201-25 Oregon Ave

      Lifestyle centers • 40,325 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
      42,250 SF

      2300 Passyunk Ave

      SHOPPING CENTER, STRIP CENTER • 42,250 SF
      2300 Passyunk Ave, Philadelphia, PA 19145-4123
      View Details
    • Value Estimation
      $5,425,000
      48,766 SF

      3048 Snyder Ave

      SHOPPING CENTER, STRIP CENTER • 48,766 SF
      3048 Snyder Ave, Philadelphia, PA 19145
      View Details
    • Value Estimation
      $6,260,000
      56,269 SF

      2001 Oregon Ave, Unit 53

      SHOPPING CENTER, STRIP CENTER • 56,269 SF
      2001 Oregon Ave, Philadelphia, PA 19145-4224
      View Details

    Similar Nearby for Sale

    • 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
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      Retail Space Available For Sale

      Retail property with dedicated entrance and ample parking.
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      Prime Retail Space in Philadelphia

      Premier power center with expansion potential and easy access.
      S 23Rd St, Philadelphia, PA 19145
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      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
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    • New
      $700,000
      Pending

      Laundromat with Income Potential

      Philadelphia laundromat with business and residential income streams.
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    • 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
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    Similar Nearby for Lease

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      Retail Space Available For Lease

      Retail property available for lease in Philadelphia, PA.
      S 23Rd St, Philadelphia, PA 19145
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    • Contact for pricing
      9,130 SF

      Retail Space in Girard Plaza

      Retail space available in Philadelphia County shopping center.
      2201 W Oregon Ave, Philadelphia, PA 19145
      View Details
    • Contact for pricing

      South Philadelphia Power Center Retail

      Retail spaces available in high-traffic South Philadelphia shopping center.
      2280 Oregon Ave, 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
    • $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
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    Philadelphia, PA 19145
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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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