Financial
Distress signals
Property profile

1638 Passyunk Ave Philadelphia, PA 19145

OFF-MARKET
Office buildings
Property ID
US73-2440359
2,276 SF 0.05 ac lot Built 1920
Last sale Jun 2022 · $500,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 2,000 square foot commercial property, located at 1638 W Passyunk Avenue in South Philadelphia, presents a unique investment opportunity. Originally constructed in 1931 as a gas testing station, the building boasts a rich history and has most recently served as a medical office. The flexible CMX-2.5 zoning allows for a diverse range of uses, making it ideal for various businesses. The property features two 1,000 square foot levels: a ground floor and a finished basement,

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$497k
Assessed land$152k
Assessed improvement$345k
Effective rate1.40%

Value estimate

· Sep 2026
$455k
$410k – $501k
AI approach$450k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$254/SF
Submarket average, outlier-cleaned · 223 recorded sales of this use type
Observed band · Q1–Q3$138 – $435
Qualifying comparables6

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?
CMX2.5
CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core ...
General categoryMIXED_USE
JurisdictionPHILADELPHIA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm71.8
Realty agency32.2
Parking Facility26.8

Location

1638 Passyunk Ave Philadelphia, PA 19145-3846
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales 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

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2317 23rd, Philadelphia, PA 19145-3329 $1,850,000 Mar 2025 13,000 SF
2725 Passyunk, Philadelphia, PA 19145 $3,250,000 Mar 2022 6,000 SF
1809 Oregon, Philadelphia, PA 19145-3700 $227,000 Dec 2019 9,999 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
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