Property profile

1601 Market St Philadelphia, PA 19103

FOR LEASE
Office buildings
Saved · see the list in your Dashboard
Property ID
US73-2591460
797,220 SF 0.78 ac Built 1970
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2.08M
Tax billed · 2023
Assessed value$148.30M
Assessed land$30.16M
Assessed improvement$118.15M
Effective rate1.40%

Value estimate

· Nov 2026
$99.54M
$89.59M – $109.49M
Submarket $/SF estimate$88.93M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$334/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$150 – $455

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CMX5
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 >>...
General categoryMIXED_USE
JurisdictionPHILADELPHIA

Location intelligence

Which uses thrive at this corner?
Best fit: Tanning Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tanning Salon8.2
Outlet Store6.1
Laundromat5.5

Location

1601 Market St Philadelphia, PA 19103
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1624 Locust, Philadelphia, PA 19103-6305 $8,750,000 Feb 2024 49,000 SF
2300 Market, Philadelphia, PA 19103-3008 $7,540,408 Apr 2023 50,637 SF
2100 Arch, Philadelphia, PA 19103-1300 $12,000,000 Apr 2023 117,600 SF
2129 Chestnut, Philadelphia, PA 19103-3153 $9,275,000 Feb 2023 17,000 SF
2314 Market, Philadelphia, PA 19103-3008 $1,426,938 Dec 2021 40,900 SF
2133 Arch, Philadelphia, PA 19103-1350 $6,300,000 Nov 2019 35,640 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved