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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Office buildings
10159 Verree Rd Philadelphia, PA 19116-3613
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2350471
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,360 SF
Lot
0.96 ac (41,779 SF)
Zoning code
RSD3
APN
88-3-8043-00
UPID
US73-2350471
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
-
Alexis Turbin, PA-C Physician
-
Sarah Bowers, PA-C Physician
-
Jared Luke, PA-C Physician
-
Danielle Graziani-Ludwig Physician
-
Howard Goldman, DO Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$465k
Blend (final)
Blend
$640k
Owner & transaction history
Iron Station Reality LLC · 4 yrs held
Iron Station Reality LLC
since 2021
Last sale
$639,900
4 recorded transactions
Zoning & alternative use
RSD3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
printable PDF version, click HERE } Map Symbol District Name Previously Known As Map Symbol District Name Previously Known As RSD-1 Residential Single-Family Detached-1 R1 RSD-2 Residential Single-Family Detached-2 R1A RSD-3 Residential Single-Family Detached-3 R2 RSA-1 Residential Single-Family Attached-1 R3 RSA-2 Residential Single-Family Attached-2 R4 RSA…
Zone name
Residential Single Family Detached
General category
RESIDENTIAL
Zone area
3,795.68 ac
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
$625,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Current use
MEDICAL BUILDING
$825,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $640k (Dec 23 2021)
Last sale anchor
$640k
Dec 23 2021
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
$190 / 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
$7,791
Tax year 2023
Assessed value
$556,600
Assessed 2023
Previous assessed
$556,600
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$111,320
Assessed improvement
$445,280
Land market value
$111,320
Improvement market value
$445,280
Total market value
$556,600
Applied tax rate
58.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Total area
3,360 SF
Lot
0.96 ac (41,779 SF)
Zoning code
RSD3
APN
88-3-8043-00
UPID
US73-2350471
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RSD3 · Philadelphia, PAZoning RSD3 · permitted uses
RSD3 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
printable PDF version, click HERE } Map Symbol District Name Previously Known As Map Symbol District Name Previously Known As RSD-1 Residential Single-Family Detached-1 R1 RSD-2 Residential Single-Family Detached-2 R1A RSD-3 Residential Single-Family Detached-3 R2 RSA-1 Residential Single-Family Attached-1 R3 RSA-2 Residential Single-Family Attached-2 R4 RSA-3 Residential Single-Family Attached-3 R5 RSA-4 Residential Single-Family Attached-
Zone name
Residential Single Family Detached
General category
RESIDENTIAL
Zone area
3,795.68 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$855,000
MEDICAL BUILDING
Est. value
$825,000
OFFICE BUILDING Current
MEDICAL 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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Lot
0.96 ac
Current owner
From public records · entity-resolved
Iron Station Reality LLC
Entity
Mailing address
1115 JEFFERSON LN, HUNTINGDON VALLEY, PA 19006-6039
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
$639,900
Iron Station Reality LLC
Howard M Goldman
Deed
—
Feb 3, 2004
—
Howard M Goldman
Goldman,howard M
Quit Claim Deed
related
—
—
—
Goldman,howard M
—
Deed Of Trust
related
$250,000 · Pnc Bk
—
—
Howard M Goldman
—
Deed Of Trust
related
$304,385 · Pnc 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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