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    Property profile & analytics

    1643 2Nd St Philadelphia, PA 19122

    • Apartment buildings
    • 2,490 SF
    • 0.03 lot acres
    For Lease
    View listing
    $27 SF/Yr
    Value Estimation
    $395,000
    Location Intelligence
    Property ID
    US73-1960095
    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

    • Roofing by Gerald Roffo / Roofing Contractor / Siding Contractor

    Property Details for 1643 2Nd St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.03 lot acres
    Property size
    2,490 SF
    Zone code
    RM1
    Property type
    Apartment buildings
    APN
    88-1-0021-30
    APU
    881002130

    Description

    This exceptional 907-square-foot retail space is located at 1643 N 2nd Street, Philadelphia, PA 19122, situated near the intersection of Cecil B Moore Avenue. The property, built in 2024, offers a single-tenant occupancy in a brand-new building. The entire 907 square feet is currently vacant and ready for immediate occupancy by a new tenant. The property is zoned CMX-1, providing flexibility for a variety of retail uses. Its convenient location in Philadelphia offers excellent visibility and accessibility for customers. The building's modern construction ensures energy efficiency and a contemporary aesthetic. This is a unique opportunity to establish a business in a vibrant and growing area of Philadelphia. The property's single-tenant configuration provides simplicity and control for the occupant. Interested parties are encouraged to inquire about lease terms and conditions. The property's address is easily accessible and benefits from good visibility. This is an ideal space for a business seeking a modern, efficient, and well-located retail presence in Philadelphia. The property's recent construction ensures modern amenities and up-to-date building systems.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $495,000
      6.5%
      $475,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $540,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $590,000
      Retail
      $580,000
      Mixed-Use
      $485,000
      Hospitality
      $620,000
      Educational
      $525,000
      Residential Income
      $500,000
      Energy
      $580,000
      Income-Based Land
      $480,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1489
    Latitude
    39.9268
    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
    $5,697
    $122,100
    $284,900
    $407,000
    -
    $122,100
    $284,900
    $407,000

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    1643 2Nd St
    Philadelphia, PA 19122
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    Realmo Value Estimation

    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.

    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.

    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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