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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Flex space
1516 7th St 18 Philadelphia, PA 19147-6411
Entity Owned
4-yr Hold
Free & Clear
Property ID
US73-2822647
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,520 SF
Lot
0.06 ac (2,520 SF)
Zoning code
RSA5
APN
88-4-4005-01
UPID
US73-2822647
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
-
Marrone Custom Cabinets Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$322k
Blend (final)
Blend
$530k
Owner & transaction history
Fasone Construction INC · 4 yrs held
Fasone Construction INC
since 2022
Last sale
$550,000
1 recorded transaction
Zoning & alternative use
RSA5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$640,000
+137.5%
Commercial (general)
$620,000
+130.4%
Medical building
$620,000
+129.2%
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
$500,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$640,000
Change: +138% · Conversion: Difficult
COMMERCIAL (GENERAL)
$620,000
Change: +130% · Conversion: Difficult
MEDICAL BUILDING
$620,000
Change: +129% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$430,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$400,000
Change: +49% · Conversion: Easy
AUTO REPAIR, GARAGE
$395,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $550k (Jun 18 2022)
Last sale anchor
$550k
Jun 18 2022
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
$210 / 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
$3,351
Tax year 2023
Assessed value
$239,400
Assessed 2023
Previous assessed
$239,400
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$47,880
Assessed improvement
$191,520
Land market value
$47,880
Improvement market value
$191,520
Total market value
$239,400
Applied tax rate
1.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
2,520 SF
Lot
0.06 ac (2,520 SF)
Zoning code
RSA5
APN
88-4-4005-01
UPID
US73-2822647
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RSA5 · Philadelphia, PA
Zoning RSA5 · permitted uses
RSA5 · 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
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$620,000
MEDICAL BUILDING
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$470,000
RETAIL STORES
Est. value
$430,000
WAREHOUSE, STORAGE
Est. value
$400,000
AUTO REPAIR, GARAGE
Est. value
$395,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Fasone Construction INC
Entity
Free & Clear · 4 yrs held
Mailing address
10 COOPER ST, HADDON TOWNSHIP, NJ 08108-2305
Ownership since
2022
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
Jun 18, 2022
$550,000
Fasone Construction INC
Ronald J Marrone
Deed
—
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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