Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    201 Broad St Philadelphia, PA 19107
    Back to Search
    Property profile & analytics

    201 Broad St, Philadelphia, PA 19107

    View on Map
    • Retail properties & Spaces
    • 18,400 SF
    • 0.05 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 201 Broad St

    Year built
    1911
    Lot size
    0.05 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at 201 S Broad St, Philadelphia, PA 19107, a vibrant Center City location at the intersection of Broad and Walnut Streets. The property, known as Avenue of the Arts, is an eight-story building constructed in 1911, offering a unique blend of historical charm and modern functionality. The available space totals 5,138 square feet, representing the entire vacant portion of the 18,400 square foot building. This space is ideal for a single tenant seeking a prominent presence in a high-traffic area. The building features an elevator for convenient access to all floors. The property sits on a 0.05-acre lot and is zoned C4, providing flexibility for a variety of retail uses. Its location within the Center City Philadelphia submarket ensures high visibility and accessibility to a large customer base. The property's Philadelphia County location and APN 888035070 provide further identification details. This is a rare chance to secure a significant retail space in a highly desirable and historic Philadelphia location. The minimum divisible space is 5,138 square feet, and the maximum contiguous space available is also 5,138 square feet. This presents a unique opportunity for a business seeking a substantial and impactful retail presence in the heart of Philadelphia.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1641
    Latitude
    39.9492

    Comparable in this City

    • Value Estimation by Request

      1009 Chestnut St

      Retail properties & Spaces
      1009 Chestnut St, Philadelphia, PA 19107
      View Details
    • Value Estimation by Request
      5,170 SF

      1230 Arch St

      Individual retail properties
      1230 Arch St, Philadelphia, PA 19107
      View Details
    • Value Estimation by Request
      14,828 SF

      1221-1223 Locust St

      Restaurants
      1221-1223 Locust St, Philadelphia, PA 19107
      View Details
    • Value Estimation by Request
      3,140 SF

      1217 Sansom St

      Restaurants
      1217 Sansom St, Philadelphia, PA 19107
      View Details
    • Value Estimation
      $545,000
      0.50 Acres

      1127 Race St

      PARKING LOT
      1127 Race St, Philadelphia, PA 19107-1723
      View Details
    • Value Estimation by Request
      0.01 Acres

      908 Locust St, Unit D

      PARKING LOT
      908 Locust St, Philadelphia, PA 19107-5719
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,950 SF

      Prime Location Mixed-Use Development Site

      Development site near restaurants, transportation, and cultural centers.
      1326 Walnut St, Philadelphia, PA 19107
      View Details
    • Contact for pricing

      Restaurant Space Available For Sale

      Second generation restaurant space available for sale.
      1339 Chestnut St, Philadelphia, PA 19107
      View Details
    • Contact for pricing
      11,582 SF

      Mixed-Use Property in Midtown Village

      Four-story mixed-use property in a dynamic Philadelphia neighborhood.
      1232 Chancellor St, Philadelphia, PA 19107
      View Details
    • Contact for pricing
      5,200 SF

      Retail Opportunity on Walnut Street

      Divisible retail space with restaurant potential and high visibility.
      1111-13 Walnut St, Philadelphia, PA 19107
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,212 SF

      Broad Street Restaurant Opportunity

      Well-positioned restaurant space on the Avenue of the Arts.
      329-335 S Broad St, Philadelphia, PA 19107
      View Details
    • Contact for pricing
      3,600 SF

      Restaurant Space on North Broad

      Second generation restaurant space available for rent on North Broad.
      339 N Broad St, Philadelphia, PA 19107
      View Details
    • $4,000 /Mo
      8,002 SF

      Prime Chinatown Commercial Space

      High-visibility Philadelphia location, ideal for various commercial uses.
      231 N 12Th St, Philadelphia, PA 19107
      View Details
    • Contact for pricing
      1,659 SF

      Prime Location Office and Retail

      Office and retail spaces in a vibrant, accessible location.
      1001 Vine St, Philadelphia, PA 19107
      View Details
    • Contact for pricing
      954 SF

      Retail Spaces on Broad Street

      Retail spaces available on Broad Street near transportation.
      101 N Broad St, Philadelphia, PA 19107
      View Details
    • Contact for pricing
      32,451 SF

      Center City Philadelphia Retail Space

      Flagship location with high-tourism traffic near major employers.
      801 Market St, Philadelphia, PA 19107
      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.
    201 Broad St
    Philadelphia, PA 19107
    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

    Thank You for Inquiry
    201 Broad St, Philadelphia, PA, 19107
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!