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Property profile & analytics
OFF-MARKET
Estimated value
$43,680,000
Office Spaces
150 Independence Mall W W Ste Philadelphia, PA 19106-3400
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-4878614
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1867
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
218,258 SF
Lot
1.42 ac (61,899 SF)
Zoning code
CMX5
APN
88-3-0037-00
UPID
US73-4878614
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
-
Scott Edmonds Physician
-
Philadelphia School Partnership Charitable Organization Social Service Agency
-
Signature HealthCARE LLC Corporate Office
-
Blackney Hayes Architects Architecture Firm Interior Designer
-
DaVita Franklin Dialysis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$47.14M
Comparable Approach
Comparable
$53.79M
Blend (final)
Blend
$43.68M
Owner & transaction history
Baycrest Plb Realty LLC · 6 yrs held
Baycrest Plb Realty LLC
since 2019
1 recorded transaction
Zoning & alternative use
CMX5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$67.6M
+10.0%
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%
$51,060,000
6.5%
$47,135,000
7%
$43,765,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$61,420,000
Current use
RESTAURANT
$67,585,000
Change: +10% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$60,705,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$54,285,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$53,590,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$43.68M
Range $39.31M – $48.05M · ±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
$200 / 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
$601,395
Tax year 2023
Assessed value
$42,962,900
Assessed 2023
Previous assessed
$42,962,900
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$8,592,580
Assessed improvement
$34,370,320
Land market value
$8,592,580
Improvement market value
$34,370,320
Total market value
$42,962,900
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1867
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
12
Total area
218,258 SF
Lot
1.42 ac (61,899 SF)
Zoning code
CMX5
APN
88-3-0037-00
UPID
US73-4878614
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX5 · Philadelphia, PA
Zoning CMX5 · permitted uses
CMX5 · 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
OFFICE BUILDING Current
Est. value
$61.4M
RESTAURANT
Est. value
$67.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$60.7M
COMMERCIAL (GENERAL)
Est. value
$54.3M
MEDICAL BUILDING
Est. value
$53.6M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1867
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
12
Lot
1.42 ac
Current owner
From public records · entity-resolved
Baycrest Plb Realty LLC
Entity
Mailing address
150 S INDEPENDENCE MALL W, PHILADELPHIA, PA 19106-3413
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2019
—
Baycrest Plb Realty LLC
—
Grant Deed
related
$32,500,000 · Argentic R/e Inv LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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