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    1900 Market St Philadelphia, PA 19103

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    1900 Market St Philadelphia, PA 19103

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    • Investment properties
    • 500,000 SF
    • 1.60 lot acres
    For Lease
    $13,795,000
    View Listing →
    Class A Office and Retail For Lease
    $13,795,000
    12,596 SF

    Class A Office and Retail

    Prime Philadelphia location with high-end amenities and flexible workspaces.

    1900 Market St, Philadelphia, PA
    View Listing
    Property ID
    US73-5199150
    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

    • Clear Accent / Translation Service
    • PLAY.ISH: Onsite Event Childcare / Daycare Center / Foster Care Service
    • TBG Search / Employment Agency
    • D & D Securities Inc / Financial Advisor
    • Moda Matters / Clothing & Fashion Store

    Property Details for 1900 Market St

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.60 lot acres
    Property size
    500,000 SF
    Zone code
    CMX5
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    88-3-0340-00
    APU
    883034000

    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
    -75.1724
    Latitude
    39.9531
    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
    $1,282,162
    $18,319,220
    $73,276,880
    $91,596,100
    -
    $18,319,220
    $73,276,880
    $91,596,100

    Comparable in this City

    • Value Estimation
      $31,190,000
      1,152,520 SF

      2005 Market St

      STORE/OFFICE (MIXED USE) • 1,152,520 SF
      2005 Market St, Philadelphia, PA 19103-7042
      View Details
    • Value Estimation
      $31,930,000
      265,620 SF

      1880 John F Kennedy Blvd

      STORE/OFFICE (MIXED USE) • 265,620 SF
      1880 John F Kennedy Blvd, Philadelphia, PA 19103-7422
      View Details
    • Value Estimation
      $21,725,000
      798,189 SF

      1601 John F Kennedy Blvd, Unit 29

      STORE/OFFICE (MIXED USE) • 798,189 SF
      1601 John F Kennedy Blvd, Philadelphia, PA 19103-1821
      View Details
    • Value Estimation
      $12,230,000
      100,000 SF

      2300 Chestnut St, Unit 20

      STORE/OFFICE (MIXED USE) • 100,000 SF
      2300 Chestnut St, Philadelphia, PA 19103-4331
      View Details
    • Value Estimation
      $4,625,000
      37,080 SF

      124 17th St, Unit 26

      STORE/OFFICE (MIXED USE) • 37,080 SF
      124 17th St, Philadelphia, PA 19103-5205
      View Details
    • Value Estimation
      $1,335,000
      8,960 SF

      1921 Walnut St

      STORE/OFFICE (MIXED USE) • 8,960 SF
      1921 Walnut St, Philadelphia, PA 19103-4650
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,558 SF

      Development or Redevelopment Opportunity

      Value-add opportunity with liquor license available.
      2007 Walnut St, Philadelphia, PA 19103
      View Details
    • $1,999,000
      4,086 SF

      Rittenhouse Square Mixed-Use Investment

      Rare investment opportunity near Rittenhouse Square with medical office and apartments.
      112 S 20Th St, Philadelphia, PA 19103
      View Details
    • $1,999,000

      Rittenhouse Square Mixed-Use Investment

      Mixed-use building near Rittenhouse Square with medical office and apartments.
      112 S 20Th St, Philadelphia, PA 19103
      View Details
    • $1,599,000
      2,250 SF

      Upscale Trattoria Restaurant, Philly

      Turnkey Restaurant, Prime Location, High ROI
      2048 Sansom St, Philadelphia, PA 19103
      View Details
    • Contact for pricing
      2,922 SF

      Logan Square Multifamily Property

      Six-unit multifamily property in Philadelphia's Logan Square neighborhood.
      121 N 21St St, Philadelphia, PA 19103
      View Details
    • Contact for pricing

      Prime Retail Space on Market

      Highly visible 1,731 SF retail space in Philadelphia's CBD.
      2026-2058 Market St, Philadelphia, PA 19103
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease.
      2001 Chestnut St, Philadelphia, PA 19103
      View Details
    • Contact for pricing

      Prime Corner Retail/Restaurant Location

      Flagship location on 17th and Chestnut Streets.
      1625 Chestnut St, Philadelphia, PA 19103
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Philadelphia, PA.
      2400 Market St, Philadelphia, PA 19103
      View Details
    • Contact for pricing
      2,758 SF

      Retail Space Near Comcast Center

      Retail space available adjacent to Comcast Center and Four Seasons.
      1819 John F Kennedy Blvd, Philadelphia, PA 19103
      View Details
    • $28 SF/Yr
      3,355 SF

      Class A Office Space

      Established office building with direct access to public transportation.
      1628 John F Kennedy Blvd, Philadelphia, PA 19103
      View Details
    • Contact for pricing
      9,804 SF

      LEED Gold Certified Office Space

      Office space with river views and sustainable features for lease.
      2401 Walnut St, Philadelphia, PA 19103
      View Details
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    1900 Market St
    Philadelphia, PA 19103
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    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.

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    1900 Market St, Philadelphia, PA, 19103

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