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    Property profile & analytics

    1601 Walnut St, Unit 5 Philadelphia, PA 19102-2944

    • Investment properties
    • 128,115 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US73-1466830
    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

    • Nature & Nurture Therapies / Massage Therapist
    • Pennsylvania Oral & Maxillofacial Surgery LTD / Oral Surgeon / Plastic Surgeon
    • MedArt Endodontics / Endodontist
    • 20/20 Dentistry / Dentist / Cosmetic Dentist
    • Dentistry for Life / Dentist / Cosmetic Dentist

    Property Details for 1601 Walnut St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.20 lot acres
    Property size
    128,115 SF
    Zone code
    CMX5
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    88-3-3320-00
    APU
    883332000

    Description

    The Medical Arts Building, a prestigious 1916 brick and limestone structure with a 1924 addition, offers 19,258 square feet of vacant medical office space in Philadelphia, PA. Located at 1601 Walnut Street, zip code 19102, this multi-tenant building boasts suites ranging from 250 square feet to a maximum contiguous space of 7,873 square feet, accommodating a variety of practice sizes. The building's central location places it within walking distance of Philadelphia's finest restaurants, retail shops, clubs, and cultural attractions. Exceptional public transportation access is also a key feature, with the PATCO Hi-Speed Line, Broad Street Subway, Market-Frankford Line, and SEPTA Regional Rail all conveniently nearby. This prime location within Philadelphia County offers unparalleled convenience and visibility for medical professionals. The building's architectural design, reflecting its rich history, adds to its unique appeal. The available space presents a rare opportunity to establish or expand a medical practice in a highly desirable and accessible location. The building's total square footage is 19,258 square feet, with a minimum divisible space of 250 square feet. This presents a flexible solution for various medical practices seeking space in the heart of Philadelphia.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1677
    Latitude
    39.95
    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
    $298,969
    $5,017,280
    $16,340,720
    $21,358,000
    -
    $5,017,280
    $16,340,720
    $21,358,000

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    Philadelphia, PA 19102-2944
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    Realmo Value Estimation

    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.

    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.

    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
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