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Property profile & analytics

7008 Castor Ave Philadelphia, PA 19149

  • Investment properties
  • 1,120 SF
  • 0.07 lot acres
Value Estimation
Location Intelligence
Property ID
US73-0055048
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Chon Insurance Agency / Insurance Agency

Property Details for 7008 Castor Ave

Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.07 lot acres
Property size
1,120 SF
Zone code
CMX1
Property type
Investment properties
Property subtype
Live-work space
APN
88-2-9255-30
APU
882925530

Description

This exceptional 1,120 square foot commercial property at 7008 Castor Avenue in Philadelphia, Pennsylvania, is offered at $499,000. The property, previously used as a physician's office and more recently an insurance company, boasts a highly visible storefront and office space. The layout includes a reception area, a large executive office with ample natural light from two large front windows, a spacious conference room (or additional office), a smaller office/storage room, and a bright, separate kitchen with a sink, refrigerator, and cabinets. A hallway bathroom and a utility room add convenience. The property also features four dedicated parking spaces with a shared driveway accessed through a utility room, and a fenced, enclosed outdoor area. Significant renovations have been completed, including a complete interior renovation in 2008 (walls, electrical, ceiling, floors, rear fence), front window replacement and rear parking lot paving in 2010, LED lighting installation in 2018, water backflow assembly replacement in 2021, a new roof in 2020, and recent sidewalk block replacements (around 2020 and 2024). A new hot water heater was installed in 2009, and a central heat and air conditioning system was added in 2005. The property enjoys a prime location on busy Castor Avenue, near Wawa, a gas station, other commercial businesses, and residential areas. Its proximity to Cottman Avenue, Roosevelt Boulevard Shopping Center, schools, the Northeast Library, and Public Health Center 10, along with easy access to Roosevelt Boulevard, Route 611, and I-95, makes it highly desirable. Furniture is negotiable. This is a fantastic opportunity for a variety of commercial uses.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $260,000
  • CAP approach

    CAP return
    Estimation
    6%
    $265,000
    6.5%
    $265,000
    7%
    $280,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $255,000
    Geo Method
    $275,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $330,000
    Retail
    $330,000
    Mixed-Use
    $310,000
    Hospitality
    $300,000
    Educational
    $350,000
    Residential Income
    $335,000
    Energy
    $330,000
    Income-Based Land
    $330,000
    Food Service
    $340,000

Location Insight

  • Map
  • Local Demand
City
Philadelphia
County
Philadelphia
State
Pennsylvania
Longitude
-75.0704
Latitude
40.0473
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,758
$39,404
$157,596
$197,000
-
$39,404
$157,596
$197,000
More about this property
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