Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$32,270,000
Apartment buildings
218 Arch St 26 Philadelphia, PA 19106-4578
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US73-1623202
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
175,574 SF
Lot
0.48 ac (20,923 SF)
Zoning code
CMX3
APN
88-1-0074-85
UPID
US73-1623202
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
-
218 Arch Apartment Building
-
Philly Style Bagels Old City (Bike/Boat/Book/etc) Store Bakery
-
Philly Style Bagels Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.27M
Owner & transaction history
218 Arch Street Associates LP · 12 yrs held
218 Arch Street Associates LP
since 2014
7 recorded transactions
Zoning & alternative use
CMX3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$49.4M
+1.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$48,830,000
Current use
OFFICE BUILDING
$49,405,000
Change: +1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$43,665,000
Change: -11% · Conversion: Moderate
MEDICAL BUILDING
$43,110,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$32.27M
Range $29.04M – $35.50M · ±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
$184 / 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
$47,173
Tax year 2023
Previous assessed
$3,370,000
Total market value
$33,700,000
Applied tax rate
5.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
10
Total area
175,574 SF
Lot
0.48 ac (20,923 SF)
Zoning code
CMX3
APN
88-1-0074-85
UPID
US73-1623202
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX3 · Philadelphia, PA
Zoning CMX3 · permitted uses
CMX3 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Philadelphia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$48.8M
OFFICE BUILDING
Est. value
$49.4M
COMMERCIAL (GENERAL)
Est. value
$43.7M
MEDICAL BUILDING
Est. value
$43.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
10
Lot
0.48 ac
Current owner
From public records · entity-resolved
218 Arch Street Associates LP
Entity
Mailing address
1600 WALNUT ST STE #1400, PHILADELPHIA, PA 19103-5405
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2019
—
218 Arch Street Associates LP
—
Grant Deed
related
$44,032,000 · Capital One Fin'l
Dec 24, 2018
—
218 Arch Street Associates LP
—
Deed
related
$37,500,000 · M&t Bk
Jul 19, 2017
—
218 Arch Street Associates LP
—
Grant Deed
related
$34,000,000 · M&t Bk
Jun 10, 2014
$3,750,000
218 Arch Street Associates LP
218 Arch Street LP
Grant Deed
—
Jun 10, 2014
—
218 Arch Street Associates LP
218 Arch Street Associates LP
Intrafamily Transfer
related
$3,750,000 · First Niagara Bank NA
Sep 1, 2009
—
218 Arch Street
—
Grant Deed
related
$6,500,000 · Bancorp Bk
Mar 18, 2008
—
218 Arch Street
—
Grant Deed
related
$1,000,000 · Bancorp Bk
Aug 8, 2005
$6,500,000
218 Arch Street LP
K/k Enterprises
Deed
$6,500,000 · The Bancorp Bank
Aug 8, 2005
—
K & K Ents
Philadelphia Authority Of Indl D
Grant Deed
related
—
—
—
218 Arch Street Associates LP
—
Loan Modification
related
$37,500,000 · M&t Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 218 Arch St, Unit 26?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
