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Property profile & analytics
OFF-MARKET
Estimated value
$3,125,000
Hospitals
22-26 40th St Philadelphia, PA 19104
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-2907184
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,800 SF
Lot
0.14 ac (6,000 SF)
Zoning code
CMX4
APN
77-3-0150-00
UPID
US73-2907184
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
-
Karen Mechanic, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$3.13M
Owner & transaction history
22 South 40th Street Owner LLC · 9 yrs held
22 South 40th Street Owner LLC
since 2017
7 recorded transactions
Zoning & alternative use
CMX4 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$3.13M
Range $2.81M – $3.44M · ±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
$137 / 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
$34,995
Tax year 2023
Assessed value
$2,500,000
Assessed 2023
Previous assessed
$2,500,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$300,000
Assessed improvement
$2,200,000
Land market value
$300,000
Improvement market value
$2,200,000
Total market value
$2,500,000
Applied tax rate
27.0000
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Total area
22,800 SF
Lot
0.14 ac (6,000 SF)
Zoning code
CMX4
APN
77-3-0150-00
UPID
US73-2907184
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX4 · Philadelphia, PA
Zoning CMX4 · permitted uses
CMX4 · 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.
Building & site characteristics
From public records
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
22 South 40th Street Owner LLC
Entity
Mailing address
1735 MARKET ST STE A443, PHILADELPHIA, PA 19103-7501
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2019
—
22 S 40th Street Owner LLC
—
Deed
related
$3,000,000 · Tristate Capital Bank
Sep 17, 2019
—
22s 40th Street Owner LLC
—
Deed
related
$500,000 · Pidc Community Capital
Aug 2, 2018
—
22 S 40th Street Owner LLC
—
Deed
related
$1,500,000 · Tristate Capital Bank
Mar 2, 2017
$2,500,000
22 South 40th Street Owner LLC
West Philadelphia Cmnty Mental
Grant Deed
$2,000,000 · Spring Garden Lndg Group LLC
Nov 20, 2006
$1,300,000
West Philadelphia Cmnty Mental
Health Services Group INC
Trustees Deed
$2,250,000 · Commerce Bank NA
—
—
22 S 40th Street Owner LLC
—
Deed Of Trust
related
$1,500,000 · Pidc-rdc Sub-cde Xxviii LP
—
—
22 S 40th Street Owner LLC
—
Deed Of Trust
related
$750,000 · Private Individual
—
—
Health Services Group INC
—
Deed Of Trust
related
$1,700,000 · Citizens Bank Pennsylvania
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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