Property profile

1107 Erie Ave 11 Philadelphia, PA 19124

OFF-MARKET
Medical Office Space
Property ID
US73-1941947
4,252 SF 0.16 ac lot Built 1950
Entity Owned 29-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,252 SF
Lot 0.16 ac (6,766 SF)
Zoning code CMX2
APN 88-2-9313-55
UPID US73-1941947

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

1107 Erie Ave, Unit 11 Philadelphia, PA 19124-5423
Philadelphia metro Census 19100 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$950k
Comparable Approach Comparable
$524k
Blend (final) Blend
$765k

Owner & transaction history

Zoning & alternative use

CMX2 · Philadelphia, PA
Zoning description

CMX-2 Neighborhood Commercial Mixed-Use-2 C-2 RC-1 RC-2 OC CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4…

General category MIXED_USE
Top alternative use upside
Office building $1.1M +3.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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