Add Listing
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

    1624 Pne St Philadelphia, PA 19103-6820

    • Investment properties
    • 3,397 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1624401
    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

    • Plumer & Associates, Inc. Realtors / Real Estate Agency
    • Philadelphia Hair Design / Hair Salon

    Property Details for 1624 Pne St

    Year built
    1800
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.03 lot acres
    Property size
    3,397 SF
    Zone code
    CMX1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    08-1-0749-00
    APU
    81074900

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,190,000
      Current use
      OFFICE BUILDING
      $1,135,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1693
    Latitude
    39.9459
    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
    $10,904
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $1,297,000

    Comparable in this City

    • Value Estimation
      $825,000
      4,635 SF

      2033 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,635 SF
      2033 Chestnut St, Philadelphia, PA 19103-3334
      View Details
    • Value Estimation
      $1,440,000
      8,131 SF

      1616 Chestnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,131 SF
      1616 Chestnut St, Philadelphia, PA 19103-5119
      View Details
    • Value Estimation
      $580,000
      3,200 SF

      1726 Sansom St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,200 SF
      1726 Sansom St, Philadelphia, PA 19103-5233
      View Details
    • Value Estimation
      $665,000
      3,116 SF

      2227 Spruce St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,116 SF
      2227 Spruce St, Philadelphia, PA 19103-2577
      View Details
    • Value Estimation
      $1,130,000
      6,140 SF

      1613 Walnut St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,140 SF
      1613 Walnut St, Philadelphia, PA 19103-5427
      View Details
    • Value Estimation
      $1,100,000
      5,137 SF

      302 19th St, Unit 4

      OFFICE/RESIDENTIAL (MIXED USE) • 5,137 SF
      302 19th St, Philadelphia, PA 19103-6615
      View Details

    Similar Nearby for Sale

    • $1,875,000
      3,400 SF

      Rittenhouse Square Versatile Income Property

      Income-producing property near Rittenhouse Square, suitable for various uses.
      2047 Locust St, Philadelphia, PA 19103
      View Details
    • $1,599,000
      2,250 SF

      Center City Restaurant Investment

      Turnkey Restaurant, Prime Location
      2048 Sansom St, Philadelphia, PA 19103
      View Details
    • Contact for pricing
      17,558 SF

      Prime Philadelphia Mixed-Use Property

      Walnut Street Redevelopment Opportunity: Liquor License Included
      2007 Walnut St, Philadelphia, PA 19103
      View Details
    • $1,999,000

      Rittenhouse Square Mixed-Use Investment

      Mixed-use building near Rittenhouse Square with medical office and apartments.
      112 S 20Th St, Philadelphia, PA 19103
      View Details
    • $2,850,000
      10,000 SF

      Center City Executive Office Condo

      10,000 SF Office, 11 Parking Spaces, $2.85M
      2200 Arch St, Philadelphia, PA 19103
      View Details
    • $6,000,000

      Walnut Street Redevelopment Opportunity

      Value-add development or redevelopment opportunity on Walnut Street.
      2007-2011 Walnut St, Middle City West, PA 19103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,300 SF

      Retail Space in Prime Location

      Retail space with ground and lower levels in Philadelphia.
      1737 Chestnut St, Philadelphia, PA 19103
      View Details
    • $2,950 /Mo

      Prime Retail/Office Space Philadelphia

      Office/retail space near City Hall and Rittenhouse Square.
      1719 Chestnut St, Philadelphia, PA 19103
      View Details
    • $22 SF/Yr
      24,697 SF

      One Liberty Place Office Suites

      Prestigious Philly Office Space: Flexible Options
      1650 Market St, Philadelphia, PA 19103
      View Details
    • Contact for pricing
      1,352 SF

      Prime South 17th Street Retail

      Two Storefronts Available, 603-749 SF
      42 17Th St, Philadelphia, PA 19103
      View Details
    • Contact for pricing
      3,547 SF

      Fitness Studio on Walnut Street

      Second-generation fitness studio space available for rent on Walnut Street.
      1616 Walnut St, Philadelphia, PA 19103
      View Details
    • $15 SF/Yr
      11,400 SF

      Rittenhouse Square Retail Spaces

      Prime Rittenhouse retail, 5,400-11,400 SF
      1624-28 Locust St, Philadelphia, PA 19103
      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.
    1624 Pne St
    Philadelphia, PA 19103-6820
    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.
    Sign Up Successful!
    You now have access to more from Realmo!