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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1600 15th St, Unit 10 Philadelphia, PA 19121-3449

    • Residential income homes
    • 21,208 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $4,900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1098887
    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

    • Residential income homes

    Property Details for 1600 15th St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.34 lot acres
    Property size
    21,208 SF
    Zone code
    RM1
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    88-1-1462-48
    APU
    881146248

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,279,000
      Market price range: $3.82M - $9.83M
      AI Estimate
      $3,515,000
      Market price range: $1.28M - $5.91M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $6,280,000
      Current use
      RESTAURANT
      $6,565,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $5,395,000
      Change: -14% Conversion: Moderate
      MEDICAL BUILDING
      $5,205,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1601
    Latitude
    39.9779
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $8,631,700

    Comparable in this City

    • Value Estimation
      $1,260,000
      9,450 SF

      2024 Broad St, Unit 28

      BOARDING/ROOMING HOUSE • 9,450 SF
      2024 Broad St, Philadelphia, PA 19121-2305
      View Details
    • Value Estimation
      $16,540,000
      79,937 SF

      1417 15th St

      BOARDING/ROOMING HOUSE • 79,937 SF
      1417 15th St, Philadelphia, PA 19121-4390
      View Details
    • Value Estimation
      $3,615,000
      15,200 SF

      1411 15th St

      BOARDING/ROOMING HOUSE • 15,200 SF
      1411 15th St, Philadelphia, PA 19121-4463
      View Details
    • Value Estimation
      $3,300,000
      26,069 SF

      2809 Master St, Unit 13

      BOARDING/ROOMING HOUSE • 26,069 SF
      2809 Master St, Philadelphia, PA 19121-3651
      View Details
    • Value Estimation
      $1,755,000
      7,609 SF

      1535 15th St

      BOARDING/ROOMING HOUSE • 7,609 SF
      1535 15th St, Philadelphia, PA 19121-4433
      View Details
    • Value Estimation by Request
      235,276 SF

      2112 Broad St, Unit 50

      BOARDING/ROOMING HOUSE • 235,276 SF
      2112 Broad St, Philadelphia, PA 19121-1605
      View Details

    Similar Nearby for Sale

    • $3,200,000

      North Philly Multifamily Portfolio

      18-Unit Portfolio, 97% Occupancy
      2530 Ridge Ave, Philadelphia, PA 19121
      View Details
    • $399,900
      2,601 SF

      Meticulously Maintained Duplex Near Temple

      Duplex near Temple University with strong rental income potential.
      1929 N Gratz St, Philadelphia, PA 19121
      View Details
    • $650,000
      2,895 SF

      Turnkey Triplex Near Temple University

      Fully occupied, renovated triplex in a desirable Philadelphia location.
      1913 W Diamond St, Philadelphia, PA 19121
      View Details
    • $915,000
      3,462 SF

      Philadelphia Multifamily Property for Sale

      Multifamily property in Philadelphia, PA, with 3,462 square feet.
      1903 Cecil B Moore Ave, Philadelphia, PA 19121
      View Details
    • $344,900
      3,604 SF

      Philadelphia Multifamily Investment Opportunity

      Shell ready development near Temple University with approved architectural plans.
      1545 W Jefferson St, Philadelphia, PA 19121
      View Details
    • $350,000
      1,944 SF

      Philadelphia Multi-Unit Property For Sale

      Two-unit multifamily property located in Philadelphia, Pennsylvania.
      1912 Ingersoll St, Philadelphia, PA 19121
      View Details

    Similar Nearby for Lease

    • $1,780 /Mo

      Modern Apartment with Private Patio

      Two-bedroom, two-bathroom apartment with modern finishes and private patio.
      1335 N Marston St St, Philadelphia, PA 19121
      View Details
    • $2,500 /Mo
      1,300 SF

      Renovated Brewerytown Residence with Deck

      Stunning, fully renovated three-bedroom Brewerytown residence with modern comfort.
      1512 N Newkirk St, Philadelphia, PA 19121
      View Details
    • $2,900 /Mo
      1,367 SF

      Brewerytown Townhome with Garage

      Three-bedroom townhome in gated community with garage and modern amenities.
      35 Brewerytown Ct, Philadelphia, PA 19121
      View Details
    • $25 SF/Yr
      3,397 SF

      Street Level Retail/Office Space

      Retail/office space with residential units above and industrial architecture.
      3101 W Glenwood Ave, Philadelphia, PA 19121
      View Details
    • $1,500 /Mo
      7,841 SF

      Turn-Key Cafe in Brewerytown

      Fully equipped cafe/juice bar in Philadelphia's thriving Brewerytown neighborhood.
      1539 N 26Th St, Philadelphia, PA 19121
      View Details
    • Contact for pricing
      2,357 SF

      Prime Retail Space, The Avery

      2,357 SF inline retail, Philadelphia.
      1601 15Th St, Philadelphia, PA 19121
      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.
    1600 15th St, Unit 10
    Philadelphia, PA 19121-3449
    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.