Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1711 Rittenhouse Sq, Unit 17 Philadelphia, PA 19103-6109
    Back to Search
    Property profile & analytics

    1711 Rittenhouse Sq, Unit 17, Philadelphia, PA 19103-6109

    View on Map
    • Hotels
    • 14,016 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US73-2913858
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 1711 Rittenhouse Sq

    Year built
    1903
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Zone code
    RM1
    Property type
    Hotels
    APN
    88-3-7079-00
    APU
    883707900

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 23, 2019 $525,000 1711 1717 Rittenhouse LLC Ws 1711 1717 Rittenhouse Square LLC Deed · related $4.6M · Republic First Bank
    Aug 27, 2018 — Ws 1711-1717 Rittenhouse Squar Cambridge Assocs R/e LP Deed In Lieu Of Foreclosure —
    Jun 27, 2008 — Cambridge Associates R/e — Deed Of Trust · related $5.4M · Bancorp Bank
    Sep 14, 2005 — Cambridge Associates R/e — Trustees Deed · related $4.6M · Bancorp Bank
    Aug 26, 2004 $1,200,000 Cambridge Associates R/e Ryan,peter J D & Christine I Grant Deed $1.1M · Sovereign Bank
    — — Cambridge Associates R/e LP — Deed Of Trust · related $450k · Bancorp Bank
    — — 1711-1717 Rittenhouse LLC — Deed Of Trust · related $6.5M · Centric Bk NA
    — — Cambridge Associates R/e — Deed Of Trust · related $250k · Bancorp Bank
    — — Cambridge Associates R/e — Deed Of Trust · related $1M · Sovereign Bank
    — — Peter J Ryan — Deed Of Trust · related $233k · Virtualbank
    — — Ryan Peter J D — Deed Of Trust · related $816k · Virtualbank
    — — Cambridge Associates R/e LP — Deed Of Trust · related $450k · Bancorp Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.17
    Latitude
    39.9484
    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
    $87,634
    $1,252,100
    $5,008,400
    $6,260,500
    -
    $1,252,100
    $5,008,400
    $6,260,500

    Comparable in this City

    • Value Estimation
      $3,295,000
      338,200 SF

      1800 Benjamin Franklin Pkwy

      HOTEL
      1800 Benjamin Franklin Pkwy, Philadelphia, PA 19103-1124
      View Details
    • Value Estimation
      $2,755,000
      240,006 SF

      17 17th St

      HOTEL
      17 17th St, Philadelphia, PA 19103
      View Details
    • Value Estimation by Request
      266,000 SF

      116 17th St, Unit 22

      HOTEL
      116 17th St, Philadelphia, PA 19103-5115
      View Details
    • Value Estimation
      $2,400,000
      84,000 SF

      135 18th St

      HOTEL
      135 18th St, Philadelphia, PA 19103-5228
      View Details
    • Value Estimation
      $1,955,000
      340,000 SF

      1700 Benjamin Franklin Pkwy, Unit 20

      HOTEL
      1700 Benjamin Franklin Pkwy, Philadelphia, PA 19103-2735
      View Details
    • Value Estimation
      $1,715,000
      551,838 SF

      1701 Locust St Ph, Unit 15

      HOTEL
      1701 Locust St Ph, Philadelphia, PA 19103-6352
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Retail Space in Philadelphia

      High-traffic retail space with diverse offerings and strong visitor numbers.
      1625 Chestnut St, Philadelphia, PA 19103
      View Details
    • Contact for pricing
      Pending

      Rittenhouse Square Bed & Breakfast

      Bed & breakfast in Rittenhouse Square neighborhood, Philadelphia.
      1804 Pine St, Philadelphia, PA 19103
      View Details
    • Contact for pricing

      West Philadelphia Bar/Restaurant Opportunity

      Corner commercial building with high-capacity bar/restaurant and takeout license.
      5300-2 Market 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
    • Contact for pricing

      Prime Retail Space Near Rittenhouse

      Retail spaces available near Rittenhouse Square, ideal for food/beverage.
      2001 Chestnut St, Philadelphia, PA 19103
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space with updated facade in Philadelphia's busy intersection.
      1703 Chestnut St, Philadelphia, PA 19103
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr

      Center City Office Space Available

      Prime office space for rent in Center City Philadelphia.
      30 S 17Th St, Philadelphia, PA 19103
      View Details
    • Contact for pricing
      2,280 SF

      Philadelphia Office Space For Lease

      Office space available for lease in Philadelphia, Pennsylvania.
      100 N 20Th St, Philadelphia, PA 19103
      View Details
    • Contact for pricing
      10,300 SF

      Prime Retail Space Near Universities

      Retail space near universities and transportation hub.
      2301 Walnut 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
    • Contact for pricing
      6,533 SF

      Class A Office and Retail

      Prime Philadelphia location with high-end amenities and flexible workspaces.
      1900 Market St, Philadelphia, PA 19103
      View Details
    • Contact for pricing
      842 SF

      Prime Retail/Office Space Available

      Ground floor retail and office spaces in Rittenhouse Square.
      2300-2350 Chestnut 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.
    1711 Rittenhouse Sq, Unit 17
    Philadelphia, PA 19103-6109
    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

    Thank You for Inquiry
    1711 Rittenhouse Sq, Philadelphia, PA, 19103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!