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Property profile & analytics
OFF-MARKET Estimated value $2,310,000
Office buildings

1408 Broad St 10 Philadelphia, PA 19146-4808

10,212 SF 0.13 ac lot Built 1940
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US73-2379816
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,212 SF
Lot 0.13 ac (5,696 SF)
Zoning code CMX2
APN 88-3-3580-05
UPID US73-2379816
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
  • South Philadelphia Pediatrics Medical Clinic
  • Noble S. Jones, MD Physician
  • Maurice N. Daniels, MD Pediatrician Medical Clinic
  • Fuller Michele C Employment Agency
  • Jodi Kefer Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.21M
Comparable Approach Comparable
$2.73M
Blend (final) Blend
$2.31M
Owner & transaction history
1408 LLC · 15 yrs held
1408 LLC
since 2010
4 recorded transactions
2022
Price N/A
2017
Price N/A
2010
$1.2M
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 $3.2M +21.7%
Warehouse, storage $3.1M +18.6%
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