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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Office buildings
1226 Broad St Philadelphia, PA 19146-3160
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US73-5870869
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,900 SF
Lot
0.07 ac (3,132 SF)
Zoning code
RSA5
APN
36-5-0024-05
UPID
US73-5870869
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
Current use
Occupant on record · Public records
-
Parent to Child and Therapy Associates Psychotherapist
-
AKUA K. BOATENG, PhD, LPC Counselor
-
Circle Counseling Medical Clinic
-
Christina Marrero Psychotherapist
-
STILL COUNSELING Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$896k
Blend (final)
Blend
$800k
Owner & transaction history
Pilgrimage Properties LLC · 12 yrs held
Pilgrimage Properties LLC
since 2014
7 recorded transactions
Zoning & alternative use
RSA5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
tial Single-Family Detached-3 R2 RSA-1 Residential Single-Family Attached-1 R3 RSA-2 Residential Single-Family Attached-2 R4 RSA-3 Residential Single-Family Attached-3 R5 RSA-4 Residential Single-Family Attached-4 R6 R7 RSA-5 Residential Single-Family Attached-5 R9A R10A R20 RSA-6 Residential Single-Family Attached-6 NA (new district) RTA-1 Residential Two-F…
Zone name
Residential Single Family Attached
General category
RESIDENTIAL
Zone area
10,695.07 ac
Top alternative use upside
Warehouse, storage
$1.2M
+18.6%
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%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$990,000
Current use
WAREHOUSE, STORAGE
$1,175,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$960,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10%
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
$205 / 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
$6,824
Tax year 2023
Assessed value
$487,500
Assessed 2023
Previous assessed
$487,500
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$78,300
Assessed improvement
$409,200
Land market value
$78,300
Improvement market value
$409,200
Total market value
$487,500
Applied tax rate
36.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
3,900 SF
Lot
0.07 ac (3,132 SF)
Zoning code
RSA5
APN
36-5-0024-05
UPID
US73-5870869
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RSA5 · Philadelphia, PAZoning RSA5 · permitted uses
RSA5 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
tial Single-Family Detached-3 R2 RSA-1 Residential Single-Family Attached-1 R3 RSA-2 Residential Single-Family Attached-2 R4 RSA-3 Residential Single-Family Attached-3 R5 RSA-4 Residential Single-Family Attached-4 R6 R7 RSA-5 Residential Single-Family Attached-5 R9A R10A R20 RSA-6 Residential Single-Family Attached-6 NA (new district) RTA-1 Residential Two-Family Attached-1 R5A RTA-2 Residential Two-Family Attached-2 NA (new district) RM-1 R
Zone name
Residential Single Family Attached
General category
RESIDENTIAL
Zone area
10,695.07 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$990,000
WAREHOUSE, STORAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$960,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
4
Lot
0.07 ac
Current owner
From public records · entity-resolved
Pilgrimage Properties LLC
Entity
Mailing address
4635 SPRUCE ST, PHILADELPHIA, PA 19139-4542
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2020
—
Pilgrimage Properties LLC
—
Deed
related
$200,000 · Everence FCU
Jul 21, 2014
$450,000
Pilgrimage Properties LLC
Greater Exodus Baptist Church
Grant Deed
—
Feb 19, 2008
$718,900
The Greater Exodus Baptist Church
Adam Zangrilli
Deed
$550,000 · United Bank Of Philadelphia
Nov 29, 2005
$470,000
Adam Zangrilli
Diversified Community Svcs INC
Grant Deed
—
—
—
Greater Exodus Baptist Church
—
Loan Modification
related
—
—
—
Greater Exodus Baptist Church
—
Deed Of Trust
related
$100,000 · People-for-people Cmnty Dev St
—
—
Diversified Community Svcs INC
—
Deed Of Trust
related
$850,000 · Firstrust Bank
—
—
Adam P Zangrilli
—
Deed Of Trust
related
$360,000 · United Savings Bank
—
—
Adam P Zangrilli
—
Deed Of Trust
related
$250,000 · United Savings 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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