Property profile

1400 Howard St 38 Philadelphia, PA 19122

OFF-MARKET
Warehouses
Property ID
US73-2740721
77,794 SF 1.79 ac lot Built 1935
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This stunning 78,000 square foot, newly constructed (2022) office building at 1400 N Howard St in Philadelphia, PA, offers a variety of flexible office spaces to suit diverse business needs. The building features multiple tenancies, catering to businesses of all sizes, from smaller startups requiring 1,000 square feet to larger enterprises needing up to 12,765 square feet. The property is classified as Creative Office, Executive Office, Medical Office, and Traditional Office space, providing versatility for a wide range of professional uses. Each suite boasts expansive, customizable floor plans, offering unparalleled flexibility for tenant build-outs. Enjoy the convenience of 24/7 access and direct street-level entry for each suite. Architectural highlights include impressive ceiling heights, abundant natural light from skylights, polished concrete floors, and the character of exposed brick and beams. This exceptional location within Philadelphia's Keystone Innovation Zone (KIZ) presents a significant advantage for growing companies seeking access to resources and incentives. The property is situated in Philadelphia County, PA, zip code 19122.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1935
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 77,794 SF
Lot 1.79 ac (78,060 SF)
Zoning code RSA5
APN 88-4-5882-23
UPID US73-2740721

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Parking Lot & Garage
  • Gym & Fitness Center
  • Golf Course
  • Big Box & Wholesale Store Furniture & Home Goods

Location

1400 Howard St, Unit 38 Philadelphia, PA 19122-3917
Philadelphia metro Census 14400 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.98M
CAP Approach CAP
$12.24M
Comparable Approach Comparable
$9.24M
Blend (final) Blend
$7.94M

Owner & transaction history

since 2020
Last sale
$9.5M
6 recorded transactions
2020
$9.5M
2014
Price N/A
2012
$1.5M
2007
$775,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RSA5 · Philadelphia, PA
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…

General category RESIDENTIAL
Top alternative use upside
Neighborhood: shopping center $14.4M +44.1%
Retail stores $13.3M +33.1%
Auto repair, garage $12.3M +22.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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