Property profile

231 12th St Philadelphia, PA 19107

OFF-MARKET
Other investment properties
Property ID
US73-5484138
3,348 SF 0.04 ac lot Built 2005
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This two-story commercial building is located at 231 N 12th Street in Philadelphia’s Chinatown neighborhood, within blocks of City Hall and the Center City District, near the Chinatown restaurant corridor. The property provides more than 3,300 square feet per floor and can be configured as separate leased floors or combined into a larger contiguous footprint. It features wide, open interior layouts with expansive windows for natural light, large mirrors along one side, a combination of hardwood and tile flooring, and bathroom and shower facilities. The building has HVAC systems for year-round climate control and includes optional basement space that can be used for storage or additional expansion. The space has been previously used as a dance and yoga studio and is suitable for a range of general commercial uses.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2005
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,348 SF
Lot 0.04 ac (1,674 SF)
Zoning code CMX4
APN 88-2-9333-55
UPID US73-5484138

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Home Decor Store

Location

231 12th St Philadelphia, PA 19107-1722
Philadelphia metro Census 200 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2008
2 recorded transactions
2008
$650,000
2006
$500,000

Zoning & alternative use

CMX4 · Philadelphia, PA
Zoning description

CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric ma…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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