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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
Retail space
1018 Market St Philadelphia, PA 19107-4205
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-0225187
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,200 SF
Lot
0.08 ac (3,600 SF)
Zoning code
CMX5
APN
88-2-5077-00
UPID
US73-0225187
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.38M
Owner & transaction history
Market Street 10th Partners LLC · 1 yrs held
Market Street 10th Partners LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CMX5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.3M
+82.8%
Restaurant
$2.2M
+80.6%
Commercial (general)
$1.9M
+54.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,250,000
7%
$1,165,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,235,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,255,000
Change: +83% · Conversion: Difficult
RESTAURANT
$2,230,000
Change: +81% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,910,000
Change: +55% · Conversion: Easy
OFFICE BUILDING
$1,830,000
Change: +48% · Conversion: Easy
MEDICAL BUILDING
$1,770,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,335,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,135,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±10% · vs last sale $1.55M (Apr 1 2025)
Last sale anchor
$1.55M
Apr 1 2025
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
$191 / 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
$21,046
Tax year 2023
Assessed value
$1,503,500
Assessed 2023
Previous assessed
$1,503,500
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$300,697
Assessed improvement
$1,202,803
Land market value
$300,697
Improvement market value
$1,202,803
Total market value
$1,503,500
Applied tax rate
5.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Total area
7,200 SF
Lot
0.08 ac (3,600 SF)
Zoning code
CMX5
APN
88-2-5077-00
UPID
US73-0225187
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX5 · Philadelphia, PA
Zoning CMX5 · permitted uses
CMX5 · 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
RETAIL STORES Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Market Street 10th Partners LLC
Entity
Mailing address
1500 MARKET ST STE 3500E, PHILADELPHIA, PA 19102-2101
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
$1,546,544
Market Street 10th Partners LLC
1018 Market Street Realty LP
Special Warranty Deed
—
Dec 17, 2020
—
Pr Gallery I Limited Partnership
—
Deed
related
$201,000,000 · Wells Fargo Bank NA
Nov 7, 2014
$2,995,000
1018 Market Street Realty LP
1018 Market Street INC
Grant Deed
—
Dec 26, 2013
—
417 Callowhill INC
—
Grant Deed
related
$1,190,839 · Republic Bank
Feb 4, 2009
—
417 Callowhill INC
—
Deed Of Trust
related
$4,630,472 · Republic First Bank
Aug 22, 2006
—
1018 Market St INC
—
Deed Of Trust
related
$1,100,000 · Republic First Bank
—
—
1018 Market St INC
—
Deed Of Trust
related
$750,000 · Republic First Bank
—
—
1018 Market St INC
—
Deed Of Trust
related
$250,000 · Republic First Bank
—
—
1018 Market St INC
—
Deed Of Trust
related
$3,679,522 · Republic First Bank
—
—
Golden Gate Electronics INC
—
Deed Of Trust
related
$500,000 · Republic First 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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