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Property profile & analytics
OFF-MARKET
Estimated value
$18,110,000
Hotels
1301 Race St 9 Philadelphia, PA 19107-1517
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-2187921
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
319,992 SF
Lot
0.26 ac (11,200 SF)
Zoning code
CMX4
APN
88-3-7047-60
UPID
US73-2187921
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
-
Hampton Inn Philadelphia Center City-Convention Center Hotel & Motel
-
Tj maxx Clothing Store
-
Pub 1301 Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.11M
Owner & transaction history
Score 1301 Race Street Trs LLC · 1 yrs held
Score 1301 Race Street Trs LLC
since 2024
4 recorded transactions
Zoning & alternative use
CMX4 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$29.9M
+858.0%
Commercial (general)
$23.4M
+649.6%
Industrial (general)
$22.3M
+616.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$29,860,000
Change: +858% · Conversion: Difficult
COMMERCIAL (GENERAL)
$23,365,000
Change: +650% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$22,335,000
Change: +617% · Conversion: Difficult
RESTAURANT
$20,970,000
Change: +573% · Conversion: Difficult
Blend value · Realmo final
$18.11M
Range $16.30M – $19.92M · ±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
$57 / 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
$530,225
Tax year 2023
Assessed value
$37,878,600
Assessed 2023
Previous assessed
$37,878,600
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$7,575,720
Assessed improvement
$30,302,880
Land market value
$7,575,720
Improvement market value
$30,302,880
Total market value
$37,878,600
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
12
Total area
319,992 SF
Lot
0.26 ac (11,200 SF)
Zoning code
CMX4
APN
88-3-7047-60
UPID
US73-2187921
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX4 · Philadelphia, PA
Zoning CMX4 · permitted uses
CMX4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$29.9M
COMMERCIAL (GENERAL)
Est. value
$23.4M
INDUSTRIAL (GENERAL)
Est. value
$22.3M
RESTAURANT
Est. value
$21.0M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RESTAURANT
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
12
Lot
0.26 ac
Current owner
From public records · entity-resolved
Score 1301 Race Street Trs LLC
Entity
Mailing address
148 SHERATON DRA, NEW CUMBERLAND, PA 17070-2440
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
—
Score 1301 Race Street Trs LLC
Bcore 1301 Race Street LLC
Deed
$615,000,000 · Citi Real Estate Funding INC
Aug 9, 2022
$34,870,500
Bocre 1301 Race Street LLC
Affordable Hospitality Associates L
Special Warranty Deed
—
Jul 3, 2020
—
Affordable Hospitality Associates L
—
Deed
related
$950,900,000 · Citibank NA
Jul 31, 2006
—
Affordable Hospitality Assocs
—
Deed Of Trust
related
$15,000,000 · Commerce Bank NA
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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