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

    23 2nd St Media, PA 19063-2905

    • Office buildings
    • 4,066 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2588781
    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

    • McIntosh Lawyers, PC / Divorce Lawyer / Family Law Attorney
    • Media Dental Arts / Dentist
    • Bryan Cecchi / Dentist

    Property Details for 23 2nd St

    Year built
    1925
    Lot size
    0.13 lot acres
    Property size
    4,066 SF
    Property type
    Office buildings
    APN
    26-00-01450-00
    APU
    26000145000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Media
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.388
    Latitude
    39.9198
    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
    2024
    $9,497
    $114,380
    $352,930
    $467,310
    -
    $0.00
    $0.00
    $467,310

    Comparable in this City

    • Value Estimation by Request
      3.15 Acres

      1330 Baltimore Pike

      OFFICE BUILDING • 3.15 Acres
      1330 Baltimore Pike, Media, PA 19063-5701
      View Details
    • Value Estimation
      $6,405,000
      57,360 SF

      600 Jackson St

      OFFICE BUILDING • 57,360 SF
      600 Jackson St, Media, PA 19063-2561
      View Details
    • Value Estimation
      $4,120,000
      33,860 SF

      Olive St

      OFFICE BUILDING • 33,860 SF
      Olive St, Media, PA 19063
      View Details
    • Value Estimation by Request
      360 SF

      904 Providence Rd

      OFFICE BUILDING • 360 SF
      904 Providence Rd, Media, PA 19063-2134
      View Details
    • Value Estimation
      $1,590,000
      11,148 SF

      334 Frnt St

      OFFICE BUILDING • 11,148 SF
      334 Frnt St, Media, PA 19063-2632
      View Details
    • Value Estimation by Request
      2,942 SF

      200 Ss Ave

      PROFESSIONAL BUILDING • 2,942 SF
      200 Ss Ave, Media, PA 19063
      View Details

    Similar Nearby for Sale

    • $550,000

      Office Building in Media, PA

      Three-story office building with conversion potential and parking.
      335 W Baltimore Ave, Media, PA 19063
      View Details
    • New
      $348,000
      0.06 Acres

      Updated Office Building in Media

      Well-maintained office building with flexible space and high visibility.
      851 N Providence Rd, Media, PA 19063
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    • $925,000

      Fully Leased Office Buildings Investment

      Two office buildings, fully leased, near downtown Media.
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      Media Office Building For Sale

      6,225 SF office building in Media, PA available for purchase.
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    • Contact for pricing
      26,744 SF

      Three-Story Office Building For Sale

      Three-story office building with leaseback option in Media, PA.
      311 E Baltimore Ave, Media, PA 19063
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    • $550,000

      MEDIA, PA Office Building

      Three-story office building with conversion potential in Media, PA.
      333 W Baltimore Ave, Media, PA 19063
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    Similar Nearby for Lease

    • $18 SF/Yr
      8,000 SF

      Multi-Tenant Office Building For Lease

      Office building with 8,000 square feet available for lease.
      209 Hunter St, Media, PA 19063
      View Details
    • $22 SF/Yr
      1,848 SF

      Media Office Space Available

      Office space available for lease in Media, Pennsylvania.
      280 N Providence Rd, Media, PA 19063
      View Details
    • $26 SF/Yr
      1,134 SF

      Media Office Space For Rent

      Office space available for lease in Media, Pennsylvania.
      300 W State St, Media, PA 19063
      View Details
    • $24 SF/Yr
      1,502 SF

      Office Space Available For Rent

      Office space available for lease with 1502 square feet.
      1055 E Baltimore Pike, Media, PA 19063
      View Details
    • $1,200 /Mo
      895 SF

      Office Space with Private Entrance

      Office spaces available with private entrances and private bathrooms.
      511 N Providence Rd, Media, PA 19063
      View Details
    • $2,000 /Mo

      Remodeled Office Space in Media

      Recently remodeled office space in downtown Media available for lease.
      2 W Front St Unit, Media, PA 19063
      View Details
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    23 2nd St
    Media, PA 19063-2905
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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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