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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Apartment buildings
1617 Broad St Philadelphia, PA 19148-1036
Individually Owned
20-yr Hold
Free & Clear
Property ID
US73-0199233
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,795 SF
Lot
0.05 ac (2,214 SF)
Zoning code
RSA5
APN
88-1-1331-29
UPID
US73-0199233
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$755k
Owner & transaction history
Bertolino,ralph J JR · 20 yrs held
Bertolino,ralph J JR
since 2006
1 recorded transaction
Zoning & alternative use
RSA5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
tial Single-Family Detached-3 R2 RSA-1 Residential Single-Family Attached-1 R3 RSA-2 Residential Single-Family Attached-2 R4 RSA-3 Residential Single-Family Attached-3 R5 RSA-4 Residential Single-Family Attached-4 R6 R7 RSA-5 Residential Single-Family Attached-5 R9A R10A R20 RSA-6 Residential Single-Family Attached-6 NA (new district) RTA-1 Residential Two-F…
Zone name
Residential Single Family Attached
General category
RESIDENTIAL
Zone area
10,695.07 ac
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,055,000
Current use
OFFICE BUILDING
$965,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$930,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$755k
Range $680k – $831k · ±10%
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
$199 / 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
$7,475
Tax year 2023
Assessed value
$534,000
Assessed 2023
Previous assessed
$534,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$160,200
Assessed improvement
$373,800
Land market value
$160,200
Improvement market value
$373,800
Total market value
$534,000
Applied tax rate
39.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
3
Total area
3,795 SF
Lot
0.05 ac (2,214 SF)
Zoning code
RSA5
APN
88-1-1331-29
UPID
US73-0199233
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RSA5 · Philadelphia, PAZoning RSA5 · permitted uses
RSA5 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
tial Single-Family Detached-3 R2 RSA-1 Residential Single-Family Attached-1 R3 RSA-2 Residential Single-Family Attached-2 R4 RSA-3 Residential Single-Family Attached-3 R5 RSA-4 Residential Single-Family Attached-4 R6 R7 RSA-5 Residential Single-Family Attached-5 R9A R10A R20 RSA-6 Residential Single-Family Attached-6 NA (new district) RTA-1 Residential Two-Family Attached-1 R5A RTA-2 Residential Two-Family Attached-2 NA (new district) RM-1 R
Zone name
Residential Single Family Attached
General category
RESIDENTIAL
Zone area
10,695.07 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$965,000
MEDICAL BUILDING
Est. value
$930,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
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
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
3
Lot
0.05 ac
Current owner
From public records · entity-resolved
Bertolino,ralph J JR
Individual
Free & Clear · 20 yrs held
Mailing address
1500 S 12TH ST, PHILADELPHIA, PA 19147-6202
Ownership since
2006
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
Apr 12, 2006
$175,000
Bertolino,ralph J JR
Bertolino,ralph J JR
Grant Deed
related
—
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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