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Property profile & analytics
OFF-MARKET
Estimated value
$13,525,000
Office buildings
1740 Ss St Philadelphia, PA 19146-1514
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-0020638
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,335 SF
Lot
0.22 ac (9,642 SF)
Zoning code
CMX2
APN
88-3-5098-00
UPID
US73-0020638
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pennsylvania Dental Group Ltd Dental Office
-
Michael A. Troiano, DPM Physician
-
Center City Pediatrics Medical Clinic
-
center city psychological services, LLC Physician Medical Clinic
-
Dr. George E. Boudreau, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.79M
Comparable Approach
Comparable
$17.91M
Blend (final)
Blend
$13.53M
Owner & transaction history
Hta-1740 South Street LLC · 7 yrs held
Hta-1740 South Street LLC
since 2019
5 recorded transactions
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$22.5M
+95.0%
Restaurant
$14.0M
+21.7%
Warehouse, storage
$13.7M
+18.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Philadelphia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Philadelphia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,605,000
6.5%
$9,790,000
7%
$9,090,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,535,000
Current use
APARTMENT HOUSE (5+ UNITS)
$22,485,000
Change: +95% · Conversion: Easy
RESTAURANT
$14,040,000
Change: +22% · Conversion: Moderate
WAREHOUSE, STORAGE
$13,680,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$11,130,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$13.53M
Range $12.17M – $14.88M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$298 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$136,357
Tax year 2023
Assessed value
$9,741,200
Assessed 2023
Previous assessed
$9,741,200
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,948,240
Assessed improvement
$7,792,960
Land market value
$1,948,240
Improvement market value
$7,792,960
Total market value
$9,741,200
Applied tax rate
30.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
5
Total area
45,335 SF
Lot
0.22 ac (9,642 SF)
Zoning code
CMX2
APN
88-3-5098-00
UPID
US73-0020638
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX2 · Philadelphia, PAZoning CMX2 · permitted uses
CMX2 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.5M
RESTAURANT
Est. value
$14.0M
WAREHOUSE, STORAGE
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$11.1M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
5
Lot
0.22 ac
Current owner
From public records · entity-resolved
Hta-1740 South Street LLC
Entity
Mailing address
16435 N SCOTTSDALE RD, SCOTTSDALE, AZ 85254-1533
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2019
$10,500,000
Hta-1740 South Street LLC
1740 LP
Grant Deed
—
Aug 4, 2011
—
1740 LP
—
Deed Of Trust
related
$4,900,000 · Liberty Bank
Oct 31, 2007
$2,350,000
1740
Trustees Of Univ/pennsylvania
Deed Of Trust
$5,250,000 · Firstrust Bank
Mar 30, 2007
$16,000,000
Trustees Of Univ/pennsylvania
Tenet Healthsystem Graduate Ll
Grant Deed
—
Mar 30, 2007
—
Trustees Of Univ/pennsylvania
Tenet Healthsystem Graduate Ll
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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