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

    7300 City Ave Philadelphia, PA 19151

    • Investment properties
    • 15,111 SF
    • 0.81 lot acres
    For Lease
    View listing
    $240 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1196258
    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

    • Next Step Associates LLC / Consultant
    • FedEx Drop Box / Postal Service / Courier Service
    • Mario Littman / Physician
    • Philly Injury Lawyer - Personal Injury Attorneys / Law Firm
    • Mercy Health Systems / Health

    Property Details for 7300 City Ave

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.81 lot acres
    Property size
    15,111 SF
    Zone code
    CMX2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    88-3-0863-00
    APU
    883086300

    Description

    This exceptional 1,750 square foot office space is located at 7300 City Avenue, offering a prime location with high visibility. Situated in a three-story, single-tenant building constructed in 1967, this property boasts a total of 15,000 square feet. The space features abundant natural light thanks to numerous windows providing a park view. The building includes one elevator for convenient access to all three floors. Ample parking is readily available with 75 spaces in a lot directly adjacent to the building. This is a single-tenant occupancy opportunity, with the rental rate inclusive of all utilities and janitorial services. Tenant responsibilities are limited to utilities and operating expenses, as well as water and sewer charges. The space is ideal for a business seeking a well-maintained, conveniently located office with excellent visibility on a major thoroughfare, cross-street access via Haverford Avenue. The available space is part of a larger building, with additional space potentially available (ranging from 400 to 1750 square feet).

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,990,000
      6.5%
      $2,760,000
      7%
      $2,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,897,000
      Market price range: $835k - $1.90M
      AI Estimate
      $2,147,000
      Market price range: $1.20M - $2.15M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,710,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,805,000
      RETAIL STORES
      $2,590,000
      AUTO REPAIR, GARAGE
      $2,385,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.2676
    Latitude
    39.9802
    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
    $21,712
    $310,220
    $1,240,880
    $1,551,100
    -
    $310,220
    $1,240,880
    $1,551,100

    Comparable in this City

    • Value Estimation
      $1,420,000
      13,958 SF

      747 63rd St

      STORE/OFFICE (MIXED USE) • 13,958 SF
      747 63rd St, Philadelphia, PA 19151-3804
      View Details
    • Value Estimation by Request
      1,422 SF

      6002 Master St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,422 SF
      6002 Master St, Philadelphia, PA 19151-4427
      View Details
    • Value Estimation by Request
      2,295 SF

      5943 Lansdowne Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,295 SF
      5943 Lansdowne Ave, Philadelphia, PA 19151-3932
      View Details
    • Value Estimation by Request
      1,824 SF

      6146 Lansdowne Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,824 SF
      6146 Lansdowne Ave, Philadelphia, PA 19151-4234
      View Details
    • Value Estimation by Request
      1,503 SF

      5939 Lansdowne Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,503 SF
      5939 Lansdowne Ave, Philadelphia, PA 19151-3951
      View Details
    • Value Estimation by Request
      1,950 SF

      6005 Lansdowne Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,950 SF
      6005 Lansdowne Ave, Philadelphia, PA 19151-3936
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space on City Avenue

      Retail space in densely populated area near St. Joseph’s University.
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      City Avenue Medical Office Space

      Philadelphia Medical Office Suites Available
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      View Details
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      City Avenue Office Space Available

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    • New
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      Philadelphia Office Space For Lease

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      Overbrook Park Three-Bedroom Home

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      Philadelphia Commercial Space with Drive-Thru

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    7300 City 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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