Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    7028 Castor Ave Philadelphia, PA 19149-1700

    Property Lookup

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

    7028 Castor Ave Philadelphia, PA 19149-1700

    View on Map
    • Investment properties
    • 2,926 SF
    • 0.08 lot acres
    Off-Market
    Last Sale Oct 27, 2022
    $600,000
    Property ID
    US73-2035119
    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.
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    7.3%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Coco Bodywork / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 7028 Castor Ave

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.08 lot acres
    Property size
    2,926 SF
    Zone code
    CMX1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    87-1-2392-00
    APU
    871239200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $530,000
      ML approach
      $525,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $645,000
      6.5%
      $595,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $391,000
      Market price range: $341k - $526k
      AI Estimate
      $350,000
      Market price range: $312k - $457k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $430,000
      Current use
      OFFICE BUILDING
      $745,000
      Change: +73% Conversion: Easy
      MEDICAL BUILDING
      $720,000
      Change: +67% Conversion: Easy
      RETAIL STORES
      $690,000
      Change: +59% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $545,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $460,000
      Change: +7% Conversion: Difficult
      WAREHOUSE, STORAGE
      $375,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0698
    Latitude
    40.0479
    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
    $4,169
    $59,560
    $238,240
    $297,800
    -
    $59,560
    $238,240
    $297,800

    Comparable in this City

    • Value Estimation by Request
      1,958 SF

      6735 Castor Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,958 SF
      6735 Castor Ave, Philadelphia, PA 19149-2104
      View Details
    • Value Estimation by Request
      1,980 SF

      6717 Castor Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,980 SF
      6717 Castor Ave, Philadelphia, PA 19149-2104
      View Details
    • Value Estimation by Request
      3,168 SF

      6429 Castor Ave, Unit 31

      OFFICE/RESIDENTIAL (MIXED USE) • 3,168 SF
      6429 Castor Ave, Philadelphia, PA 19149-2738
      View Details
    • Value Estimation by Request
      1,332 SF

      1974 Devereaux Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,332 SF
      1974 Devereaux Ave, Philadelphia, PA 19149-3442
      View Details
    • Value Estimation by Request
      1,504 SF

      3200 Rawle St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,504 SF
      3200 Rawle St, Philadelphia, PA 19149-2619
      View Details
    • Value Estimation by Request
      1,440 SF

      2963 Mckinley St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,440 SF
      2963 Mckinley St, Philadelphia, PA 19149-3008
      View Details

    Similar Nearby for Sale

    • $450,000
      1,962 SF

      Castor Avenue Commercial Property

      Commercial property for sale located on Castor Avenue.
      7059 Castor Ave, Philadelphia, PA 19149
      View Details
    • New
      $244,900
      1,078 SF

      Well-Maintained Duplex in Philadelphia

      Duplex with rental potential, convenient location, garage, and parking.
      5832 Akron St, Philadelphia, PA 19149
      View Details
    • $290,000
      Pending

      Philadelphia Multifamily Property for Sale

      Multifamily property in Philadelphia, PA with 1360 square feet.
      7143 Castor Ave, Philadelphia, PA 19149
      View Details
    • $348,900
      2,048 SF

      Mayfair Multifamily Investment Opportunity

      Updated duplex/triplex in Mayfair, Philadelphia, ideal for investors/owner-occupants.
      3433 Cottman Ave, Philadelphia, PA 19149
      View Details
    • $294,900
      1,224 SF

      Duplex in Castor Gardens

      Well-maintained duplex in desirable Northeast Philadelphia location.
      1526 Devereaux Ave, Philadelphia, PA 19149
      View Details
    • $40,000
      20.87 Acres

      Cottman Mall Kiosk Opportunity

      Turn-key kitchen kiosk in busy retail hub for sale.
      2327 Cottman Ave, Philadelphia, PA 19149
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      70,110 SF

      Prime Retail Frontage on Roosevelt

      High-visibility retail space on a busy Philadelphia corridor.
      7101 Roosevelt Blvd, Philadelphia, PA 19149
      View Details
    • Contact for pricing
      2,215 SF

      Retail Space in Northeast Philadelphia

      Retail space available in a high-traffic Philadelphia shopping center.
      2107-2139 Cottman Ave, Philadelphia, PA 19149
      View Details
    • Contact for pricing
      2,084 SF

      Retail Space in Northeast Philadelphia

      Retail space available in a vibrant, high-traffic Philadelphia location.
      2118 Cottman Ave, Philadelphia, PA 19149
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in High-Traffic Location

      Retail space in a busy Philadelphia shopping center for lease.
      2329 Cottman Ave, Philadelphia, PA 19149
      View Details
    • $2,500 /Mo

      Retail Space on Castor Avenue

      Retail space available for rent on Castor Avenue.
      6734 Castor Ave, Philadelphia, PA 19149
      View Details
    • $3,000 /Mo
      909,097 SF

      Cottman Mall Retail Kiosk

      Retail kiosk with turn-key kitchen in busy Cottman Mall.
      2327 Cottman Ave, Philadelphia, PA 19149
      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.
    7028 Castor Ave
    Philadelphia, PA 19149-1700
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!