Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1216 Arch St Ste 2a Philadelphia, PA 19107-2835

    • Office Properties & Spaces
    • 5,700 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1858858
    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.

    Current Use by Public Records

    • Muscle Management Services / Massage Therapist / Spa
    • Philadelphia Refugee Health Collaborative / Non-Profit Organization
    • Fitzgerald Patricia / Medical Clinic / Professional Services
    • Metro Mens Health / Medical Spa
    • Melanie Amster / Urologist

    Property Details for 1216 Arch St Ste 2a

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.29 lot acres
    Property size
    5,700 SF
    Zone code
    CMX5
    Property type
    Office Properties & Spaces
    APN
    88-3-3057-60
    APU
    883305760

    Description

    This exceptional 12,500-square-foot executive office suite is located on the fifth floor of the prestigious 1216 Arch Street building in Philadelphia, Pennsylvania. Situated in the heart of the city, this single-tenant space offers unparalleled convenience and accessibility. The building itself boasts a rich history, having been constructed in 1906, and comprises eight stories with a total of 100,000 square feet. The property benefits from a CMX-5 Commercial Mixed-Use zoning designation, allowing for a variety of potential uses. This expansive suite presents a unique opportunity for businesses seeking a prominent and well-established location. The building's classic architecture blends seamlessly with the modern amenities expected in a thriving urban center. The 12,500 square feet provides ample space for a large team or a company requiring significant office space. The address, 1216 Arch Street, Philadelphia, PA 19107, places the property within easy reach of major transportation hubs, ensuring convenient commutes for employees and clients alike. This is a rare opportunity to secure a substantial and well-positioned executive office space in a highly desirable Philadelphia location. The property is currently vacant and ready for immediate occupancy. Inquire today to learn more about this exceptional offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $619,000
      Market price range: $208k - $1.37M

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1596
    Latitude
    39.9504
    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
    $12,118
    $173,140
    $692,560
    $865,700
    -
    $173,140
    $692,560
    $865,700

    Comparable in this City

    • Value Estimation by Request
      6,300 SF

      207 Broad St

      Medical offices • 6,300 SF
      207 Broad St, Philadelphia, PA 19107
      View Details
    • Value Estimation
      $7,230,000
      56,229 SF

      800 Walnut St, Unit 3

      CONDOMINIUM OFFICES • 56,229 SF
      800 Walnut St, Philadelphia, PA 19107-5176
      View Details
    • Value Estimation
      $45,075,000
      222,844 SF

      801 Market St, Unit 1AC

      CONDOMINIUM OFFICES • 222,844 SF
      801 Market St, Philadelphia, PA 19107-3126
      View Details
    • Value Estimation by Request
      517 SF

      822 Chestnut St, Unit L2

      CONDOMINIUM OFFICES • 517 SF
      822 Chestnut St, Philadelphia, PA 19107-5104
      View Details
    • Value Estimation
      $555,000
      3,380 SF

      207 Broad St Fl, Unit 4

      CONDOMINIUM OFFICES • 3,380 SF
      207 Broad St Fl, Philadelphia, PA 19107-1500
      View Details
    • Value Estimation
      $16,955,000
      72,351 SF

      1338 Chestnut St Ste, Unit 1

      CONDOMINIUM OFFICES • 72,351 SF
      1338 Chestnut St Ste, Philadelphia, PA 19107-4560
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,500 SF

      Prime Philly Executive Office Space

      11,500 SF Office Building for Sale or Lease
      1209 Vine Street Expy, Philadelphia, PA 19107
      View Details
    • $1,450,000
      4,950 SF

      Walnut Street Executive Office

      Prime Philadelphia location, 4,950 SF.
      1326 Walnut St, Philadelphia, PA 19107
      View Details
    • $1,200,000
      6,300 SF

      Center City Medical Office Condo

      Prime Philly Medical Office, 6300 SF
      207 Broad St, Philadelphia, PA 19107
      View Details
    • Contact for pricing
      12,960 SF

      Medical Office Space Available

      Medical office space for lease or purchase near major hubs.
      227 N Broad St, Philadelphia, PA 19107
      View Details
    • $2,850,000
      11,582 SF

      Mixed-Use Property in Midtown Village

      Four-story mixed-use property in a dynamic Philadelphia neighborhood.
      1232 Chancellor St, Philadelphia, PA 19107
      View Details
    • $1,200,000
      6,300 SF

      Philadelphia Medical Office Condo For Sale

      First floor medical office condo in Center City Philadelphia.
      207 N Broad St, Philadelphia, PA 19107
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      71,400 SF

      Prestigious Philadelphia Office Building

      Executive Suites, QOZ Designation, 71,400 SF
      1209 Vine St, Philadelphia, PA 19107
      View Details
    • $27 SF/Yr
      55,462 SF

      Prime Philadelphia Office Building

      17-Story Office Building, 25 Suites Available
      1315 Walnut St, Philadelphia, PA 19107
      View Details
    • Contact for pricing
      40,000 SF

      Prime Philadelphia Office Space

      Executive Suites, 19K-20K SF Available
      1128 Chestnut St, Philadelphia, PA 19107
      View Details
    • $25 SF/Yr
      173,517 SF

      801 Arch Street Office Space

      Prime Philadelphia Office & Retail
      801 Arch St, Philadelphia, PA 19107
      View Details
    • $30 SF/Yr
      9,800 SF

      Washington Square Retail/Medical Office Space

      Corner ground floor retail/medical office space for lease.
      125 S 9Th St, Philadelphia, PA 19107
      View Details
    • Contact for pricing
      9,260 SF

      Modern Office Space Available

      Centrally located office space with on-site amenities and parking.
      1319 Market St, Philadelphia, PA 19107
      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.
    1216 Arch St Ste 2a
    Philadelphia, PA 19107-2835
    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

    Google sign-in failed. Please try again or use another login method.