Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1841 Broad St Philadelphia, PA 19148-2115

    • Investment properties
    • 3,915 SF
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2023
    Value Estimations
    $685,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3150494
    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

    • Dr. Gerard Vernose / Physician
    • Sure Hearing Aid Services / Hearing Aid Store / Hearing Aid Repair Service
    • Innovative Permanent Cosmetics / Medical Clinic / Skin Care Clinic
    • The Vendemmia Foundation / Music Venue
    • Gerard Vernose, MD / Physician

    Property Details for 1841 Broad St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.04 lot acres
    Property size
    3,915 SF
    Zone code
    CMX1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    87-1-2985-90
    APU
    871298590

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $775,000
      6.5%
      $715,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $766,000
      Market price range: $515k - $861k
      AI Estimate
      $576,000
      Market price range: $391k - $654k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $690,000
      Current use
      OFFICE BUILDING
      $995,000
      Change: +45% Conversion: Easy
      MEDICAL BUILDING
      $960,000
      Change: +40% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $725,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $670,000
      Change: -3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $620,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1688
    Latitude
    39.9269
    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
    $8,630
    $123,300
    $493,200
    $616,500
    -
    $123,300
    $493,200
    $616,500

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      1636 2nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.02 Acres
      1636 2nd St, Philadelphia, PA 19148-1338
      View Details
    • Value Estimation
      $1,045,000
      5,870 SF

      1736 Passyunk Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,870 SF
      1736 Passyunk Ave, Philadelphia, PA 19148
      View Details
    • Value Estimation
      $715,000
      4,010 SF

      1839 Passyunk Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,010 SF
      1839 Passyunk Ave, Philadelphia, PA 19148-2127
      View Details
    • Value Estimation by Request
      2,235 SF

      1932 Passyunk Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,235 SF
      1932 Passyunk Ave, Philadelphia, PA 19148-2221
      View Details
    • Value Estimation by Request
      2,496 SF

      744 Moyamensing Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,496 SF
      744 Moyamensing Ave, Philadelphia, PA 19148-3252
      View Details
    • Value Estimation by Request
      1,190 SF

      2211 7th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,190 SF
      2211 7th St, Philadelphia, PA 19148-3211
      View Details

    Similar Nearby for Sale

    • New
      $280,000
      1,536 SF

      Mixed-Use Property in Philadelphia

      Mixed-use property with deli and apartment in Philadelphia.
      2600 S 6Th St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      Pending

      East Passyunk Avenue Mixed-Use Property

      Mixed-use property on East Passyunk Avenue with street-to-street access.
      1602 E Passyunk Ave, Philadelphia, PA 19148
      View Details
    • $549,000
      0.02 Acres

      Turnkey Medical Office with Apartment

      Mixed-use property near Jefferson Methodist Hospital with stable residential income.
      1315 Wolf St, Philadelphia, PA 19148
      View Details
    • $389,900
      1,740 SF

      Mixed-Use Building with Grocery Store

      Corner building with garage, roof deck, and established grocery store.
      2024 S 4Th St, Philadelphia, PA 19148
      View Details
    • $575,000
      2,600 SF

      Corner Mixed-Use Investment Opportunity

      Double-wide corner property with medical office and apartment potential.
      2601-03 S 12Th St, Philadelphia, PA 19148
      View Details
    • $899,000
      Pending

      South Philadelphia Mixed-Use Investment

      Established bar-restaurant with two apartments in vibrant South Philadelphia.
      153 Snyder Ave, Philadelphia, PA 19148
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Renovated Mixed-Use Property on Passyunk

      Recently renovated mixed-use property with unique interior aesthetics and high visibility.
      1804-1808 E Passyunk Ave, Philadelphia, PA 19148
      View Details
    • $1,000 /Mo
      871 SF

      Commercial Storefront with Basement

      Storefront property for lease, includes basement in Philadelphia.
      2315 S 12Th St, Philadelphia, PA 19148
      View Details
    • Contact for pricing

      Retail Space with Mezzanine

      Ground floor retail space with mezzanine and full basement.
      2037 S Broad St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      6,500 SF

      Grocery Anchored Retail Opportunity

      Premier shopping center in South Philadelphia retail corridor for lease.
      424 W Oregon Ave, Philadelphia, PA 19148
      View Details
    • $1,300 /Mo
      1,307 SF

      Renovated Commercial Space in Philadelphia

      Versatile commercial space in Passyunk Square, suitable for various businesses.
      1201 Moore St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      77,000 SF

      Warehouse Space in Philadelphia Available

      Approximately 80,000 SF warehouse space for lease.
      2200 N 8Th St, Philadelphia, PA 19148
      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.
    1841 Broad St
    Philadelphia, PA 19148-2115
    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.
    Sign Up Successful!
    You now have access to more from Realmo!