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Property profile & analytics
OFF-MARKET
Estimated value
$8,050,000
Medical Office Space
10 Moreland Ave Philadelphia, PA 19118-3562
Entity Owned
2-yr Hold
Free & Clear
Property ID
US73-0847573
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,745 SF
Lot
0.93 ac (40,606 SF)
Zoning code
CMX2
APN
88-2-9659-20
UPID
US73-0847573
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
-
Edward Jones, MD Physician Medical Clinic
-
Delaware Valley Nephrology Medical Clinic
-
Thomas DelGiorno, MD Physician Medical Clinic
-
Peter Fumo, MD Physician Medical Clinic
-
Dr. Janani Rangaswami Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.05M
CAP Approach
CAP
$4.94M
Comparable Approach
Comparable
$9.43M
Blend (final)
Blend
$8.05M
Owner & transaction history
Smbc Leasing And Finance INC · 2 yrs held
Smbc Leasing And Finance INC
since 2024
Last sale
$8.1M
7 recorded transactions
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.7M
+26.1%
Apartment house (5+ units)
$6.9M
+13.3%
Office building
$6.3M
+3.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Philadelphia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Philadelphia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,050,000
ML approach
$8,050,000
CAP Approach
CAP Return
Estimation
6%
$5,345,000
6.5%
$4,935,000
7%
$4,580,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,075,000
Current use
RESTAURANT
$7,660,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,880,000
Change: +13% · Conversion: Moderate
OFFICE BUILDING
$6,295,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$8.05M
Range $7.25M – $8.86M · ±10% · vs last sale $8.05M (May 13 2024)
Last sale anchor
$8.05M
May 13 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$325 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$101,263
Tax year 2023
Assessed value
$7,234,100
Assessed 2023
Previous assessed
$7,234,100
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,446,814
Assessed improvement
$5,787,286
Land market value
$1,446,814
Improvement market value
$5,787,286
Total market value
$7,234,100
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
24,745 SF
Lot
0.93 ac (40,606 SF)
Zoning code
CMX2
APN
88-2-9659-20
UPID
US73-0847573
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX2 · Philadelphia, PA
Zoning CMX2 · permitted uses
CMX2 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Philadelphia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.1M
RESTAURANT
Est. value
$7.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
OFFICE BUILDING
Est. value
$6.3M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1939
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Smbc Leasing And Finance INC
Entity
Free & Clear · 2 yrs held
Mailing address
277 PARK AVE, NEW YORK, NY 10172-0003
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
$8,050,000
Smbc Leasing And Finance INC
Pv 1031 Exchange Fund Iil
Special Warranty Deed
—
May 13, 2024
—
National Medical Care INC
Smbc Leasing And Finance INC
Lease
—
Jun 2, 2020
$7,950,000
Pv 1031 Exchange Fund III
Elliott Bay Healthcare Realty LLC
Deed
$16,385,000 · Capital One Bank NA
Jun 14, 2017
—
Elliott Bay Healthcare Realty
—
Grant Deed
related
$130,000,000 · Cortland Products Corp
Mar 15, 2016
$7,788,462
Elliott Bay Healthcare Realty
Renal Ent LLC
Grant Deed
—
Feb 17, 2011
$2,200,000
Renal Ent LLC
Free Range Associates LP
Grant Deed
$4,080,000 · Pnc Bank
Jul 1, 2009
$68,160
Free Range Associates
Kurtz,stephen L & Mary D
Grant Deed
—
—
—
Renal Ent LLC
—
Loan Modification
related
$4,760,000 · Pnc Bank
—
—
Stephen L Kurtz
—
Deed Of Trust
related
$500,000 · Valley Green Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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