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Property profile & analytics
OFF-MARKET Estimated value $38,785,000
Office buildings

1601 Chestnut St B Philadelphia, PA 19192-0003

198,396 SF 0.76 ac lot Built 2007
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-2123553
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 198,396 SF
Lot 0.76 ac (33,066 SF)
Zoning code CMX5
APN 88-3-0319-10
UPID US73-2123553
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
  • Liberty Toastmasters Club Charitable Organization Social Service Agency
  • Genex Insurance Agency
  • CareAllies Physician
  • Fujitec America General Contractor Construction Company
  • Brodsky Lin Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$42.85M
Comparable Approach Comparable
$38.78M
Blend (final) Blend
$38.79M
Owner & transaction history
Offices At Two Liberty Place L · 7 yrs held
Offices At Two Liberty Place L
since 2018
3 recorded transactions
2018
Price N/A
2011
Price N/A
1969
Price N/A
Zoning & alternative use
CMX5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a general, relative indication of the range of uses and activities allowed within the respective districts. "CMX" is used to indicate a mixed-…

Zone name Center City Commercial Mixed Use
General category MIXED_USE
Zone area 342.45 ac
Source TITLE 14. ZONING AND PLANNING
Top alternative use upside
Restaurant $61.4M +21.7%
Apartment house (5+ units) $55.2M +9.3%
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