Sign Up Successful!
You now have access to more from Realmo!
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

    1733 2nd St, Unit 41 Philadelphia, PA 19122-3103

    • Warehouses
    • 420 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Sep 18, 2021
    $605,000
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1676180
    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

    • Warehouses

    Property Details for 1733 2nd St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Property size
    420 SF
    Zone code
    ICMX
    Property type
    Warehouses
    APN
    88-4-3435-00
    APU
    884343500

    Description

    This stunning 1,900 square foot executive office space, located at 1733 N 2nd Street in Philadelphia, Pennsylvania, is a remarkable opportunity for businesses seeking a vibrant and modern location. Built in 2024, this single-tenant property boasts a prime location along the bustling 2nd Street corridor, offering exceptional visibility and exposure. The building features three sides of frontage, maximizing natural light and creating an inviting atmosphere. The interior is equally impressive, showcasing gorgeous hardwood floors, tall ceilings, and LED cove lighting. A large powder room and built-in shelving add to the space's functionality and versatility. The 0.06-acre lot is zoned ICMX, providing flexibility for a variety of businesses. The surrounding area is experiencing significant growth, with several large new residential buildings adding to the neighborhood's vibrancy. This property is ideal for businesses seeking immediate occupancy, with lease terms negotiable. The space's features make it particularly well-suited for uses such as yoga studios, office spaces, retail establishments, health and wellness centers, clothing boutiques, or studios. Don't miss this chance to establish your business in this thriving Philadelphia neighborhood. The property's APN is 884343500, and it's located in Philadelphia County, PA, zip code 19122.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $565,000
      ML approach
      $530,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1377
    Latitude
    39.9773
    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
    $1,176
    $25,200
    $58,800
    $84,000
    -
    $25,200
    $58,800
    $84,000

    Comparable in this City

    • Value Estimation by Request
      587 SF

      433 Susquehanna Ave

      WAREHOUSE, STORAGE • 587 SF
      433 Susquehanna Ave, Philadelphia, PA 19122
      View Details
    • Value Estimation
      $1,390,000
      17,790 SF

      1740 2nd St, Unit 54

      WAREHOUSE, STORAGE • 17,790 SF
      1740 2nd St, Philadelphia, PA 19122-3104
      View Details
    • Value Estimation by Request
      9,720 SF

      1206 Front St

      Distribution properties • 9,720 SF
      1206 Front St, Philadelphia, PA 19122
      View Details
    • Value Estimation by Request
      3,024 SF

      102 Berks St, Unit 6

      WAREHOUSE, STORAGE • 3,024 SF
      102 Berks St, Philadelphia, PA 19122-2472
      View Details
    • Value Estimation
      $2,080,000
      28,120 SF

      1310 5th St, Unit 18

      WAREHOUSE, STORAGE • 28,120 SF
      1310 5th St, Philadelphia, PA 19122-4165
      View Details
    • Value Estimation by Request
      7,040 SF

      1731 Tilghman St, Unit 39

      WAREHOUSE, STORAGE • 7,040 SF
      1731 Tilghman St, Philadelphia, PA 19122-3113
      View Details

    Similar Nearby for Sale

    • $1,550,000
      5,084 SF

      Versatile Warehouse with Commissary Kitchen

      Open warehouse space with kitchen, offices, and gated parking.
      1100 E Berks St, Philadelphia, PA 19122
      View Details
    • $3,360,000
      14,180 SF

      Philadelphia Flex Property For Sale

      Single-tenant flex property in Philadelphia with over four years remaining.
      1400 S Front St, Philadelphia, PA 19122
      View Details
    • $249,900
      0.03 Acres

      Vacant Lot in Old Kensington

      Vacant lot in thriving neighborhood, ideal for development.
      1425 N 7Th St N, Philadelphia, PA 19122
      View Details
    • $50,000
      0.01 Acres

      Land For Sale Philadelphia

      Commercial land available in Philadelphia, Pennsylvania.
      2034 N Bodine St, Philadelphia, PA 19122
      View Details
    • $55,000
      0.01 Acres

      Vacant Lot in Norris Square

      Development opportunity in rapidly growing Norris Square/Olde Kensington area.
      1838 N Leithgow St, Philadelphia, PA 19122
      View Details
    • $94,900
      0.02 Acres

      Land For Sale Philadelphia

      Land available in Philadelphia, Pennsylvania.
      2150 N 3Rd St, Philadelphia, PA 19122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,428 SF

      Philadelphia Warehouse/Industrial Space For Rent

      35,428 SF building in Ole Kensington/Ludlow neighborhood.
      1500-1514 North 5Th St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      102,307 SF

      Prime Philadelphia Warehouse Space

      102,307 SF Flex Warehouse, Newly Renovated
      1801 5Th St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      102,307 SF

      Renovated Warehouse and Office Space

      Renovated warehouse and office space near major transportation routes.
      1801 N 5Th St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      41,000 SF

      New Fishtown Industrial/Flex Space

      New 41,000 SF industrial/flex space in Fishtown.
      1700 N American St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      22,256 SF

      Prime Philadelphia Retail Space

      Six Suites Available, 866-10,579 SF
      1705 American St, Philadelphia, PA 19122
      View Details
    • $1,758 /Mo

      Urby Fishtown Apartments

      Modern apartments in Philadelphia's vibrant Fishtown neighborhood.
      1700 N Front St St, Philadelphia, PA 19122
      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.
    1733 2nd St, Unit 41
    Philadelphia, PA 19122-3103
    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.