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Property profile & analytics
OFF-MARKET Estimated value $3,180,000
Office buildings

8400 Roosevelt Blvd Ste A Philadelphia, PA 19152-2081

25,324 SF 1.59 ac lot Built 1999
Entity Owned 27-yr Hold ~ Est. High Equity
Property ID
US73-1972391
Property summary
AI-generated overview

This exceptional two-story medical office building, located at 8400 Roosevelt Blvd, Philadelphia, PA 19152, offers 20,381 square feet of versatile space. Constructed in 1999, the Class B building sits on a 1.59-acre lot and features ample parking with 60 spaces. The property is zoned R3 and boasts a convenient location near Strahle Street. Multiple tenancy options are available, with suites ranging from approximately 1,400 square feet to 11,473 square feet. Specifically, there are four available units: approximately 11,473 square feet (a former eye hospital), 1,400 square feet, 2,500 square feet, and 1,700 square feet. The building's single structure comprises two stories, providing a functional and efficient layout. This property presents a unique opportunity for medical professionals seeking established space in a desirable Philadelphia location. The property's Philadelphia County location and convenient access make it an attractive investment. The Assessor's Parcel Number (APN) is 883088505. This is a rare opportunity to acquire a well-maintained medical office building with significant potential.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 25,324 SF
Lot 1.59 ac (69,435 SF)
Zoning code RSA1
APN 88-3-0885-05
UPID US73-1972391
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Michael E. Keesler, J.D., Ph.D., Neuropsychologist Medical Clinic
  • Philadelphia Smart Pain & Wellness: Samuel Grodofsky MD Physician
  • Grand & Verdi, LLC Physician
  • Cynthia M. Mitchell, PTA Physician
  • Nicholas S. Patapis, PsyD, MSCP Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.44M
Blend (final) Blend
$3.18M
Owner & transaction history
Pennypack Associates · 27 yrs held
Pennypack Associates
since 1999
Last sale
$3.0M
5 recorded transactions
2017
Price N/A
2013
Price N/A
1999
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RSA1 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

l District Name Previously Known As Map Symbol District Name Previously Known As RSD-1 Residential Single-Family Detached-1 R1 RSD-2 Residential Single-Family Detached-2 R1A RSD-3 Residential Single-Family Detached-3 R2 RSA-1 Residential Single-Family Attached-1 R3 RSA-2 Residential Single-Family Attached-2 R4 RSA-3 Residential Single-Family Attached-3 R5 RS…

Zone name Residential Single Family Attached
General category RESIDENTIAL
Zone area 841.98 ac
Source TITLE 14. ZONING AND PLANNING
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