Financial
Distress signals
Property profile

115 Chestnut St Philadelphia, PA 19106

FOR SALE
Office buildings
Property ID
US73-2716350
6,816 SF 0.04 ac lot Built 1860
Last sale Mar 2018
Individually Owned Owner of record is an individual. 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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115 Chestnut St, Philadelphia, PA 19106 For Sale
$960,000 6,816 SF
115 Chestnut St, Philadelphia, PA 19106
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Property summary

AI-generated overview

Located at 115 Chestnut Street in Philadelphia, Pennsylvania, this commercial property provides approximately 2,574 square feet of office space arranged over two continuous floors within a building constructed in the 1920s. The interior includes a private internal staircase connecting the levels and features 10-foot ceilings. The space is laid out as a multi-level office suitable for professional or agency use. The property is situated in the Old City area near 2nd Street Station and Penn’s Landing, with access to nearby transit and neighborhood amenities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$1.05M
Assessed land$210k
Assessed improvement$841k
Effective rate1.40%

Value estimate

· Sep 2026
$960k
$864k – $1.06M
Submarket $/SF estimate$1.32M
NOI build-up
Gross scheduled income$57k
Vacancy & credit loss−$11k
Operating expenses−$11k
NOI · 688.62% cap applied$34k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$281/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$182 – $392
Qualifying comparables17

Cap rate analysis

How does the asset earn?
688.62%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CMX3
CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Au...
General categoryMIXED_USE
JurisdictionPHILADELPHIA

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat8.1
Plumbing Service7.4
Tanning Salon7.3

Location

115 Chestnut St Philadelphia, PA 19106
County assessor Recorded deeds · 3 transfers 17 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
27-29 3rd, Philadelphia, PA 19106 $1,650,000 May 2023 8,811 SF
32-34 Strawberry, Philadelphia, PA 19106 $1,020,000 Jun 2022 4,800 SF
232 4th, Philadelphia, PA 19106-3704 $2,700,000 Dec 2021 6,885 SF
223 Market, Philadelphia, PA 19106-4502 $2,975,000 Oct 2021 24,157 SF
222 Walnut, Philadelphia, PA 19106-3943 $4,800,000 Apr 2021 30,501 SF
306 Walnut, Philadelphia, PA 19106-3808 $1,725,000 Jan 2019 4,596 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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