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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2031 Juniper St, Unit 33 Philadelphia, PA 19148-5508

    • Apartment buildings
    • 10,820 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2022
    $2,150,000
    Value Estimations
    $2,515,000
    Show details
    Cap Rate Potential
    6.4%
    Apartment buildings
    Location Intelligence
    Property ID
    US73-4328533
    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

    • South Philly Food Co-op / Grocery Store

    Property Details for 2031 Juniper St

    Year built
    2016
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    10,820 SF
    Zone code
    CMX2
    Property type
    Apartment buildings
    APN
    88-1-1375-31
    APU
    881137531

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,650,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,835,000
      6.5%
      $2,620,000
      7%
      $2,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,009,000
      Market price range: $1.63M - $4.72M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,010,000
      Current use
      RESTAURANT
      $3,350,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $2,755,000
      Change: -9% Conversion: Moderate
      MEDICAL BUILDING
      $2,655,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1681
    Latitude
    39.9245
    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
    $2,350
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $1,679,000

    Comparable in this City

    • Value Estimation
      $3,995,000
      24,337 SF

      730 Stella Maris St

      APARTMENT HOUSE (5+ UNITS) • 24,337 SF
      730 Stella Maris St, Philadelphia, PA 19148-5067
      View Details
    • Value Estimation
      $705,000
      4,163 SF

      2300 11th St

      APARTMENT HOUSE (5+ UNITS) • 4,163 SF
      2300 11th St, Philadelphia, PA 19148-3652
      View Details
    • Value Estimation
      $700,000
      3,300 SF

      1838 2nd St

      APARTMENT HOUSE (5+ UNITS) • 3,300 SF
      1838 2nd St, Philadelphia, PA 19148-1900
      View Details
    • Value Estimation
      $510,000
      3,264 SF

      1814 6th St

      APARTMENT HOUSE (5+ UNITS) • 3,264 SF
      1814 6th St, Philadelphia, PA 19148-1745
      View Details
    • Value Estimation
      $680,000
      3,777 SF

      2130 5th St

      APARTMENT HOUSE (5+ UNITS) • 3,777 SF
      2130 5th St, Philadelphia, PA 19148-5735
      View Details
    • Value Estimation
      $630,000
      2,730 SF

      503 Tasker St

      APARTMENT HOUSE (5+ UNITS) • 2,730 SF
      503 Tasker St, Philadelphia, PA 19148-1253
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      147,525 SF

      1201 Jackson St

      Multifamily properties • 147,525 SF
      1201 Jackson St, Philadelphia, PA 19148
      View Details
    • New
      $450,000
      2,025 SF

      East Passyunk Multifamily Investment Opportunity

      Five-unit property near Passyunk Avenue with income potential.
      1337 E Snyder Ave, Philadelphia, PA 19148
      View Details
    • $719,900
      2,916 SF

      Mixed-Use Property in South Philly

      Two buildings with commercial space and residential units in Philadelphia.
      2014-16 S 7Th St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      7,537 SF

      Fishtown Apartment Building with Retail

      Apartment building with retail in vibrant Fishtown location.
      1701 N 2Nd 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
    • $803,500
      2,025 SF

      Philadelphia Multifamily Investment Opportunity

      Five-unit apartment building near Passyunk Avenue with rental upside.
      1327 Snyder Ave, Philadelphia, PA 19148
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      2,100 SF

      Modern Home Near Passyunk Square

      Four-bedroom, three-bath home built in 2022 with finished basement.
      605 Emily St, Philadelphia, PA 19148
      View Details
    • $1,250 /Mo
      1,248 SF

      Clean One-Bedroom Unit For Rent

      One-bedroom unit with modern amenities, move-in ready, convenient location.
      2600 S Mildred St, Philadelphia, PA 19148
      View Details
    • $24 SF/Yr
      1,550 SF

      Philadelphia Office Space For Rent

      Office space available for lease in Philadelphia, PA.
      1701-1703 S Broad St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      12,078 SF

      Retail Space in Philadelphia Available

      Highly visible retail space with ample parking and flexible size.
      2222 W Ritner St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      4,627 SF

      South Philadelphia Retail/Office/Flex Space

      Two-story retail/office/flex space in the heart of South Philadelphia.
      22 Wolf St, Philadelphia, PA 19148
      View Details
    • New
      $2,348 /Mo
      871 SF

      Retail Space Near Passyunk Avenue

      Retail space with basement near East Passyunk's commercial corridor.
      2001 S 10Th St, Philadelphia, PA 19148
      View Details
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    2031 Juniper St, Unit 33
    Philadelphia, PA 19148-5508
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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.

    More about this property
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