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    Property profile & analytics

    1626 9th St Philadelphia, PA 19148-1130

    • Investment properties
    • 2,432 SF
    • 0.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2215279
    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

    • Vincenzo's Deli / Food Market / Restaurant

    Property Details for 1626 9th St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.02 lot acres
    Property size
    2,432 SF
    Zone code
    CMX1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    87-1-0341-00
    APU
    871034100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1604
    Latitude
    39.9285
    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
    $4,705
    $67,220
    $268,880
    $336,100
    -
    $67,220
    $268,880
    $336,100

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      1634 2nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.02 Acres
      1634 2nd St, Philadelphia, PA 19148-1338
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    • Value Estimation
      $585,000
      3,285 SF

      1937 Passyunk Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,285 SF
      1937 Passyunk Ave, Philadelphia, PA 19148-2226
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      1,536 SF

      2554 American St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,536 SF
      2554 American St, Philadelphia, PA 19148-4719
      View Details
    • Value Estimation by Request
      2,932 SF

      2416 7th St, Unit 18

      OFFICE/RESIDENTIAL (MIXED USE) • 2,932 SF
      2416 7th St, Philadelphia, PA 19148-3813
      View Details
    • Value Estimation
      $635,000
      4,210 SF

      1842 9th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,210 SF
      1842 9th St, Philadelphia, PA 19148-1660
      View Details
    • Value Estimation
      $580,000
      3,311 SF

      1915 Broad St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,311 SF
      1915 Broad St, Philadelphia, PA 19148-2239
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      East Passyunk Avenue Mixed-Use Property

      Mixed-use property on East Passyunk Avenue with street-to-street access.
      1602 E Passyunk Ave, Philadelphia, PA 19148
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    • $575,000
      2,600 SF

      Corner Mixed-Use Investment Opportunity

      Double-wide corner property with medical office and apartment potential.
      2601-03 S 12Th St, Philadelphia, PA 19148
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      $549,000
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      Turnkey Medical Office with Apartment

      Mixed-use property near Jefferson Methodist Hospital with stable residential income.
      1315 Wolf St, Philadelphia, PA 19148
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    • $389,900
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      Mixed-Use Building with Grocery Store

      Corner building with garage, roof deck, and established grocery store.
      2024 S 4Th St, Philadelphia, PA 19148
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    • $899,000
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      South Philadelphia Mixed-Use Investment

      Established bar-restaurant with two apartments in vibrant South Philadelphia.
      153 Snyder Ave, Philadelphia, PA 19148
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    • $75,000
      0.02 Acres

      Land For Sale Philadelphia

      Land available for sale in Philadelphia, Pennsylvania.
      2622 S Fairhill St, Philadelphia, PA 19148
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    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Renovated Mixed-Use Property on Passyunk

      Recently renovated mixed-use property with unique interior aesthetics and high visibility.
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    • $1,000 /Mo
      871 SF

      Commercial Storefront with Basement

      Storefront property for lease, includes basement in Philadelphia.
      2315 S 12Th St, Philadelphia, PA 19148
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      9,242 SF

      Prime South Broad Street Retail Space

      Restaurant Space - Sublease Opportunity
      2037 Broad St, Philadelphia, PA 19148
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      6,500 SF

      Grocery Anchored Retail Opportunity

      Premier shopping center in South Philadelphia retail corridor for lease.
      424 W Oregon Ave, Philadelphia, PA 19148
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      871 SF

      Commercial Space Near Jefferson Hospital

      First floor and lower level commercial space for lease.
      1313 Wolf St, Philadelphia, PA 19148
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    • $2,348 /Mo
      871 SF

      Retail Space Near Passyunk Avenue

      Retail space with basement near East Passyunk's commercial corridor.
      2001 S 10Th St, Philadelphia, PA 19148
      View Details
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    1626 9th St
    Philadelphia, PA 19148-1130
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    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
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