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Benner Medical Office Building 6044-6052 Castor Ave 20,100 SF 100% Leased Office Building Philadelphia, PA 19149 $2,900,000 ($144.28/SF) 4.38% Cap Rate
Executive Summary
Great Opportunity for a business owner/investor. Build your business and collect rent, this CMX1 zoned building has endless possibilities including but not limited to child care facility, adult care facility, medical, dental or health practitioner, business and professional office space, government office space, building supplies and equipment, food/groceries store, pharmaceuticals, pet supplies and animal services in addition to financial services. Please reference the 2026 Philadelphia Zoning Guide, conduct your own due diligence. This is an excellent location and the seller has the building ready for your occupancy or for tenants! Enter through glass double doors to a large 2 story foyer with ceramic tile floor, inviting natural light and access to elevator and stairs to 2nd level. The 1st floor suites total approximately 10,870 square feet, this does not include the foyer, and the 2nd floor features an additional 6,725 square feet which does not include the 2nd floor foyer. The 2nd floor offers 3 additional suites. There are 5 basements in total and all suites have their own bathrooms. ***Some additional notes*** Fire alarm and elevator are both certified and inspected annually. 4 of the 5 Units ARE Rented. Starting with the 1st floor, Suite 102 has recently been vacated (rent was $4,600 and is included in projection), it is a huge space and can may be converted into 2 Suites offering direct street access and basement access. 1st floor Suite 103, rent $5,000.00/month. 2nd floor unit 201, rent $2,000.00/month. 2nd floor unit 202, rent $1,200.00. 2nd floor unit 203, rent $3,200.00/month. The tenants are billed for all utilities and use and occupancy expenses. The location of this building is key, as the building is on Castor Avenue making it highly visible to traffic both walking and vehicles, close to residential areas, schools and transportation in addition to plenty of street parking.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$192,000
|
$9.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$192,000
|
$9.55
|
| Taxes |
$31,352
|
$1.56
|
| Operating Expenses |
$33,500
|
$1.67
|
| Total Expenses |
$64,852
|
$3.23
|
| Net Operating Income |
$127,148
|
$6.33
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $192,000 |
| Annual Per SF | $9.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $192,000 |
| Annual Per SF | $9.55 |
| Taxes | |
|---|---|
| Annual | $31,352 |
| Annual Per SF | $1.56 |
| Operating Expenses | |
|---|---|
| Annual | $33,500 |
| Annual Per SF | $1.67 |
| Total Expenses | |
|---|---|
| Annual | $64,852 |
| Annual Per SF | $3.23 |
| Net Operating Income | |
|---|---|
| Annual | $127,148 |
| Annual Per SF | $6.33 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
20,100 SF
Building Class
A
Year Built/Renovated
1925/2003
Price
$2,900,000
Price Per SF
$144.28
Cap Rate
4.38%
NOI
$127,148
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,050 SF
Slab To Slab
14’
Building FAR
1.36
Lot Size
0.34 AC
Zoning
CMX1 - CMX1 Please reference the 2026 Philadelphia Zoning Guide, conduct your own due diligence.
Amenities
- 24 Hour Access
- Day Care
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Little Dino's Learning Center Inc
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Little Dino's Learning Center Inc | Health Care and Social Assistance | - | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 883381300 | Total Assessment | $2,239,800 (2026) |
| Land Assessment | $447,960 (2026) | Annual Taxes | $31,352 ($1.56/SF) |
| Improvements Assessment | $1,791,840 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
883381300
Land Assessment
$447,960 (2026)
Improvements Assessment
$1,791,840 (2026)
Total Assessment
$2,239,800 (2026)
Annual Taxes
$31,352 ($1.56/SF)
Tax Year
2025
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Benner Medical Office Building | 6044-6052 Castor Ave
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