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Property profile & analytics
OFF-MARKET
Estimated value
$8,635,000
Hotels
1234 Locust St Philadelphia, PA 19107-6270
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0874579
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,144 SF
Lot
0.11 ac (4,885 SF)
Zoning code
CMX1
APN
88-3-7091-00
UPID
US73-0874579
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
-
Bud & Marilyn's Restaurant
-
Sonder at The Arco Hotel & Motel
-
The Arco powered by Sonder Hotel & Motel
-
Hotel Hotel & Motel
-
Little Nonna's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.64M
Owner & transaction history
1234 Locust LLC · 4 yrs held
1234 Locust LLC
since 2022
Last sale
$9.0M
6 recorded transactions
Zoning & alternative use
CMX1 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,195,000
ML approach
$8,340,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.64M
Range $7.77M – $9.50M · ±10% · vs last sale $9.00M (Jan 12 2022)
Last sale anchor
$9.00M
Jan 12 2022
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
$476 / 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
$74,656
Tax year 2023
Assessed value
$5,333,300
Assessed 2023
Previous assessed
$5,333,300
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,066,660
Assessed improvement
$4,266,640
Land market value
$1,066,660
Improvement market value
$4,266,640
Total market value
$5,333,300
Applied tax rate
5.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
4
Total area
18,144 SF
Lot
0.11 ac (4,885 SF)
Zoning code
CMX1
APN
88-3-7091-00
UPID
US73-0874579
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX1 · Philadelphia, PA
Zoning CMX1 · permitted uses
CMX1 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Philadelphia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
1234 Locust LLC
Entity
Mailing address
1234 LOCUST ST, PHILADELPHIA, PA 19107-6270
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
1234 Locust LLC
—
Deed
related
$6,500,000 · Republic First Bank
Jan 12, 2022
$9,000,000
1234 Locust LLC
Inn At Locust LP
Special Warranty Deed
—
Nov 29, 2016
—
Inn At Locust LP
—
Deed
related
—
Mar 12, 2004
—
1234 Locust Properties
Factor,marvin W & Kathleen M
Deed In Lieu Of Foreclosure
related
—
Nov 12, 1999
$210,456
Marvin W Factor
Factor & Mccabe
Grant Deed
related
—
—
—
Afc Locust Realty Assocs
—
Deed Of Trust
related
$3,200,000 · Hudson Valley 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.
Try Rey
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