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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Turn key restaurants
1501 Snyder Ave 11 Philadelphia, PA 19145-3023
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-1938098
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Construction
METAL FRAME
Total area
6,858 SF
Lot
0.27 ac (11,860 SF)
Zoning code
CMX2.5
APN
88-2-0468-00
UPID
US73-1938098
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
-
Melrose Diner Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$710k
Owner & transaction history
M R Realty Associates LP · 3 yrs held
M R Realty Associates LP
since 2023
Last sale
$715,000
6 recorded transactions
Zoning & alternative use
CMX2.5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$680,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $715k (Jun 27 2023)
Last sale anchor
$715k
Jun 27 2023
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
$104 / 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
$20,461
Tax year 2023
Assessed value
$1,461,700
Assessed 2023
Previous assessed
$1,461,700
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$292,348
Assessed improvement
$1,169,352
Land market value
$292,348
Improvement market value
$1,169,352
Total market value
$1,461,700
Applied tax rate
26.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Construction
METAL FRAME
Heating
NONE
Stories
1
Total area
6,858 SF
Lot
0.27 ac (11,860 SF)
Zoning code
CMX2.5
APN
88-2-0468-00
UPID
US73-1938098
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX2.5 · Philadelphia, PA
Zoning CMX2.5 · permitted uses
CMX2.5 · 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.
Building & site characteristics
From public records
Construction
METAL FRAME
Heating
NONE
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
M R Realty Associates LP
Entity
Free & Clear · 3 yrs held
Mailing address
1501 SNYDER AVE, PHILADELPHIA, PA 19145-3023
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
—
M R Realty Associates LP
M R Realty Associates LP
Intrafamily Transfer
related
—
Jun 28, 2007
$715,000
M R Realty Associates LP
Richard W Kubach JR
Deed
$2,600,000 · Univest National Bank & Trust Co
—
—
M R Realty Associates LP
—
Loan Modification
related
$426,371 · Univest Bk & Tr Co
—
—
M R Realty Associates LP
—
Loan Modification
related
$394,483 · Univest Bk & Tr Co
—
—
M R Realty Associates LP
—
Loan Modification
related
$363,135 · Univest Bk & Tr Co
—
—
M R Realty Associates
—
Deed Of Trust
related
$1,000,000 · Univest Nat'l Bk&tr
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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