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Property profile & analytics
OFF-MARKET Estimated value $3,255,000
Office buildings

1400 Reed St 6 Philadelphia, PA 19146-4823

14,752 SF 0.18 ac lot
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US73-1320949
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,752 SF
Lot 0.18 ac (7,626 SF)
Zoning code CMX2
APN 77-1-6822-00
UPID US73-1320949
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
  • John Farrell Lines Physician
  • Dr. John F. Lines, MD Physician
  • Andrew Wasserman Physician
  • Michael Galvin Physician Medical Clinic
  • Patricia R. Ahadyar, MSW Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.75M
Blend (final) Blend
$3.26M
Owner & transaction history
1715 Properties INC · 13 yrs held
1715 Properties INC
since 2013
2 recorded transactions
2013
Price N/A
1969
Price N/A
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CMX-2 Neighborhood Commercial Mixed-Use-2 C-2 RC-1 RC-2 OC CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C…

Zone name Neighborhood Commercial Mixed Use
General category MIXED_USE
Zone area 1,472.20 ac
Source TITLE 14. ZONING AND PLANNING
Top alternative use upside
Restaurant $4.6M +21.7%
Warehouse, storage $4.5M +18.6%
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