Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1407 Passyunk Ave, Unit 13 Philadelphia, PA 19147-5610

    • Retail space
    • 2,323 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1276892
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1407 Passyunk Ave

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.09 lot acres
    Property size
    2,323 SF
    Zone code
    CMX2.5
    Property type
    Retail space
    APN
    88-2-5615-00
    APU
    882561500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1612
    Latitude
    39.9315
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,677
    $52,538
    $210,162
    $262,700
    -
    $52,538
    $210,162
    $262,700

    Comparable in this City

    • Value Estimation by Request
      520 SF

      1118 9th St

      RETAIL STORES (PERSONAL SERVICES) • 520 SF
      1118 9th St, Philadelphia, PA 19147-4610
      View Details
    • Value Estimation
      $1,155,000
      6,325 SF

      1237 11th St, Unit 53

      RETAIL STORES (PERSONAL SERVICES) • 6,325 SF
      1237 11th St, Philadelphia, PA 19147-5031
      View Details
    • Value Estimation
      $510,000
      2,500 SF

      501 Broad St, Unit 5

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      501 Broad St, Philadelphia, PA 19147-1005
      View Details
    • Value Estimation
      $525,000
      2,984 SF

      700 Ss St, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 2,984 SF
      700 Ss St, Philadelphia, PA 19147-2023
      View Details
    • Value Estimation
      $845,000
      4,785 SF

      537 Ss St, Unit 39

      STORE, RETAIL OUTLET • 4,785 SF
      537 Ss St, Philadelphia, PA 19147-2218
      View Details
    • Value Estimation
      $930,000
      6,356 SF

      717 4th St, Unit 19

      RETAIL STORES (PERSONAL SERVICES) • 6,356 SF
      717 4th St, Philadelphia, PA 19147-3101
      View Details

    Similar Nearby for Sale

    • $879,000
      2,868 SF

      Prime Retail with Two-Story Apartment

      Retail space with a two-story apartment in Queen Village.
      713 S 4Th St, Philadelphia, PA 19147
      View Details
    • Contact for pricing
      13,313 SF

      Commercial Building in Italian Market

      Commercial building with retail, residential, and cold storage components.
      837 Washington Ave, Philadelphia, PA 19147
      View Details
    • Contact for pricing

      Retail Space in Mixed-Use Development

      Retail space available in a Class-A mixed-use development.
      1001 S Broad St, Philadelphia, PA 19147
      View Details
    • $1,550,000
      5,042 SF

      Queen Village Retail Opportunity

      Retail space in high-profile Queen Village location for sale.
      701 E Passyunk Ave, Philadelphia, PA 19147
      View Details
    • Contact for pricing
      980 SF

      Prime Retail Space in Philadelphia

      High-visibility retail space in a vibrant, high-traffic Philadelphia location.
      110 South St, Philadelphia, PA 19147
      View Details
    • Contact for pricing
      0.04 Acres

      Prime Commercial Space in Philadelphia

      Commercial store/office space in a busy, modern location.
      1142 S 11Th St, Philadelphia, PA 19147
      View Details

    Similar Nearby for Lease

    • $2,650 /Mo
      871 SF

      Philadelphia Retail Space for Lease

      Retail space available for lease in Philadelphia, Pennsylvania.
      911-913 S 9Th St, Philadelphia, PA 19147
      View Details
    • Contact for pricing
      8,000 SF

      Retail/Office Space on Broad Street

      Ground floor retail/office space in a residential building.
      777 S Broad St, Philadelphia, PA 19147
      View Details
    • $27 SF/Yr
      800 SF

      Retail Space Near South Street

      Ground floor retail space with basement storage near South Street.
      616 S 6Th St, Philadelphia, PA 19147
      View Details
    • Contact for pricing
      942 SF

      Retail Space on South Street

      Retail space available for lease on South Street.
      706 South St, Philadelphia, PA 19147
      View Details
    • $24,370
      42,689 SF

      Retail Space in Bustling Neighborhood

      Former CVS in Philadelphia's vibrant neighborhood, near national retailers.
      1001-51 South St, Philadelphia, PA 19147
      View Details
    • Contact for pricing
      10,125 SF

      Retail Space Available For Sublease

      10,125 SF retail space for sublease in Philadelphia.
      1001 Washington Ave, Philadelphia, PA 19147
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1407 Passyunk Ave, Unit 13
    Philadelphia, PA 19147-5610
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.