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    Property profile & analytics

    2964 Richmond St Philadelphia, PA 19134

    • Investment properties
    • 2,752 SF
    • 0.09 lot acres
    For Sale
    View listing
    $699,000
    Value Estimation
    Last Sale
    Mar 11, 2025
    $650,000
    Location Intelligence
    Property ID
    US73-0679500
    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

    • Investment properties

    Property Details for 2964 Richmond St

    Year built
    1915
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.09 lot acres
    Property size
    2,752 SF
    Zone code
    CMX2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    87-1-5316-20
    APU
    871531620

    Description

    This exceptional mixed-use development opportunity in Philadelphia's vibrant Port Richmond neighborhood presents a fully approved project ready for immediate construction. The property includes a building permit and comprehensive plans for eleven residential units – ten one-bedroom and one two-bedroom – alongside a substantial 1,385 square foot ground-floor commercial space. Situated on a 0.09-acre lot on a busy commercial street, this location offers unparalleled access to local amenities, including popular restaurants such as Tacconelli's Pizzeria, Mercer Cafe, Gaul & Co. Malt House, The Green Rock Tavern, and nearby grocery options like Riverwards Produce and Stock's Bakery. The development's design incorporates practical and sustainable features, such as dedicated bike storage, commercial storage, and designated trash areas, enhancing both resident and business appeal. The strategic location ensures easy access to public transportation, further increasing its attractiveness. This turnkey project offers a compelling investment opportunity with significant potential for strong returns. Detailed financial projections and additional information are available upon request. The asking price is $699,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $525,000

    • CAP approach

      CAP return
      Estimation
      6%
      $745,000
      6.5%
      $690,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $705,000
      Geo Method
      $765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $800,000
      Retail
      $670,000
      Mixed-Use
      $850,000
      Hospitality
      $745,000
      Educational
      $655,000
      Residential Income
      $765,000
      Energy
      $745,000
      Income-Based Land
      $660,000
      Food Service
      $865,000

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1071
    Latitude
    39.9804
    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
    $2,991
    $42,740
    $170,960
    $213,700
    -
    $42,740
    $170,960
    $213,700

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    2964 Richmond St
    Philadelphia, PA 19134
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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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