Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1116 Buttonwood St, Unit A Philadelphia, PA 19123-3482
    Back to Search
    Property profile & analytics

    1116 Buttonwood St, Unit A, Philadelphia, PA 19123-3482

    View on Map
    • Office Spaces
    • 1,696 SF
    Off-Market
    Last Sale Oct 6, 2021
    $210,000
    Property ID
    US73-0633539
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mcclam Closet / Work Clothes Store
    • UM Spa / Alternative Medicine Practice / Spa & Massage Center
    • Mcclam Accessories / Clothing & Fashion Store

    Property Details for 1116 Buttonwood St

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Zone code
    CMX3
    Property type
    Office Spaces
    APN
    88-8-1150-98
    APU
    888115098

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 6, 2021 $210,000 Man Sheung Lam Rui Xu Deed $158k · Asian Bank
    Dec 24, 2009 $235,600 Rui Xu 1116 Buttonwood LLC Grant Deed $165k · Morebank
    Jul 27, 2009 $1,150,000 1116 Buttonwood LLC Lucky Garden Dev LLC Grant Deed $700k · Morebank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1571
    Latitude
    39.9607
    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
    $3,540
    $42,993
    $209,907
    $252,900
    -
    $42,993
    $209,907
    $252,900

    Comparable in this City

    • Value Estimation by Request
      19,195 SF

      601 Spring Garden St

      Office Units
      601 Spring Garden St, Philadelphia, PA 19123
      View Details
    • Value Estimation by Request
      42,085 SF

      461 3Rd St

      Land
      461 3Rd St, Philadelphia, PA 19123
      View Details
    • Value Estimation by Request
      990 SF

      444 4th St Ste, Unit 101

      CONDOMINIUM OFFICES
      444 4th St Ste, Philadelphia, PA 19123-4124
      View Details
    • Value Estimation
      $530,000
      2,611 SF

      834 4th Stcomm

      CONDOMINIUM OFFICES
      834 4th Stcomm, Philadelphia, PA 19123-2283
      View Details
    • Value Estimation by Request
      1,420 SF

      511 Broad St, Unit C4

      CONDOMINIUM OFFICES
      511 Broad St, Philadelphia, PA 19123-3230
      View Details
    • Value Estimation by Request
      1,696 SF

      1118 Buttonwood St, Unit A

      CONDOMINIUM OFFICES
      1118 Buttonwood St, Philadelphia, PA 19123-3481
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,576 SF

      Prime Commercial Space in Philadelphia

      Bi-level commercial space in a high-traffic Philadelphia corridor.
      329 W Girard Ave, Philadelphia, PA 19123
      View Details
    • $549,000
      2,196 SF

      Mixed-Use Property in Northern Liberties

      Cash-flowing mixed-use asset in Philadelphia's Northern Liberties neighborhood.
      331 W Girard Ave, Philadelphia, PA 19123
      View Details
    • Contact for pricing
      6,398 SF

      Spring Arts Neighborhood Retail/Office Space

      Retail/office space in the Spring Arts neighborhood.
      500 N 10Th St, Philadelphia, PA 19123
      View Details
    • $779,000
      2,836 SF

      Mixed-Use Property on Spring Garden

      Versatile mixed-use property with commercial space and residential unit.
      923 Spring Garden St, Philadelphia, PA 19123
      View Details
    • Contact for pricing
      17,950 SF

      Spring Garden Street Retail Space

      High-traffic retail storefront, excellent location.
      827 Spring Garden St, Philadelphia, PA 19123
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Lease

      Office space available for lease in Philadelphia.
      520 N Christopher Columbus Blvd, Philadelphia, PA 19123
      View Details
    • $3,138 /Mo
      8,002 SF

      Prime Philadelphia Commercial Space Available

      1570 sqft commercial space in vibrant Philadelphia location.
      444 N 4Th St, Philadelphia, PA 19123
      View Details
    • Contact for pricing
      20,327 SF

      Philadelphia Office Space Available

      Office space available for rent in Philadelphia, Pennsylvania.
      417 North 8Th St, Philadelphia, PA 19123
      View Details
    • Contact for pricing
      6,713 SF

      Multipurpose Building with Parking

      6,713 SF single-tenant building suitable for various uses.
      400 N 3Rd St, Philadelphia, PA 19123
      View Details
    • Contact for pricing

      Designer Office Space in Philadelphia

      Two-floor, fully furnished office space in Spring Arts district.
      1233-35 Hamilton St, Philadelphia, PA 19123
      View Details
    • Contact for pricing

      Northern Liberties Commercial Condo For Lease

      6,246 SF commercial condo in desirable Northern Liberties neighborhood.
      810 N Hancock St, Philadelphia, PA 19123
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1116 Buttonwood St, Unit A
    Philadelphia, PA 19123-3482
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1116 Buttonwood St, Philadelphia, PA, 19123
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!