Financial
Distress signals
Property profile

1723 Walnut St 29 Philadelphia, PA 19103

OFF-MARKET
Retail space
Property ID
US73-2456689
23,912 SF 0.27 ac lot Built 1920
Last sale Mar 2005 · $14,800,000
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a multi-level retail/commercial space located on the second floor of a building on the 1700 block of Walnut Street, overlooking Philadelphia’s Rittenhouse Square. It provides approximately 10,800 square feet across the second and third floors and is accessed via a dedicated Walnut Street entrance with associated signage. The layout and configuration are described as suitable for a range of uses, including fitness/spa, creative office, furniture showroom, and entertainment

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?
$111k
Tax billed · 2023
Assessed value$7.90M
Assessed land$1.58M
Assessed improvement$6.32M
Effective rate1.40%

Value estimate

· Sep 2026
$2.81M
$2.53M – $3.09M
Submarket $/SF estimate$1.99M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$171/SF
Submarket average, outlier-cleaned · 466 recorded sales of this use type
Observed band · Q1–Q3$87 – $278

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?
CMX5
CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >>...
General categoryMIXED_USE
JurisdictionPHILADELPHIA

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat8.8
Tanning Salon7.7
Outlet Store6.1

Location

1723 Walnut St, Unit 29 Philadelphia, PA 19103-5204
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1707 Walnut, Philadelphia, PA 19103-5204 $4,350,000 Mar 2025 7,761 SF
1731 Chestnut, Philadelphia, PA 19103-4115 $2,545,000 Jul 2022 3,986 SF
1617 Walnut, Philadelphia, PA 19103-5420 $5,375,000 Feb 2022 5,980 SF
1801 Walnut, Philadelphia, PA 19103-4727 $485,607 Aug 2021 20,327 SF
1719 Walnut, Philadelphia, PA 19103-5204 $230,507 Feb 2020 6,954 SF
1810 Chestnut, Philadelphia, PA 19103 $14,300,000 Dec 2019 41,381 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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