Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2311 York St Philadelphia, PA 19125-2145

    • Apartment buildings
    • 2,582 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0258714
    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

    • Apartment buildings

    Property Details for 2311 York St

    Year built
    1875
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.03 lot acres
    Property size
    2,582 SF
    Zone code
    RSA5
    Property type
    Apartment buildings
    APN
    88-1-4490-70
    APU
    881449070

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $675,000
      6.5%
      $625,000
      7%
      $580,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $484,000
      Market price range: $238k - $1.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1257
    Latitude
    39.9796
    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
    $5,949
    $127,500
    $297,500
    $425,000
    -
    $127,500
    $297,500
    $425,000

    Comparable in this City

    • Value Estimation
      $2,800,000
      8,809 SF

      2418 Frankford Ave, Unit 20

      APARTMENT HOUSE (5+ UNITS) • 8,809 SF
      2418 Frankford Ave, Philadelphia, PA 19125-1672
      View Details
    • Value Estimation
      $3,085,000
      9,720 SF

      2036 Frankford Ave

      APARTMENT HOUSE (5+ UNITS) • 9,720 SF
      2036 Frankford Ave, Philadelphia, PA 19125-1921
      View Details
    • Value Estimation by Request

      2476 Frankford Ave

      Multifamily properties
      2476 Frankford Ave, Philadelphia, PA 19125
      View Details
    • Value Estimation
      $20,630,000
      64,960 SF

      410 Memphis St, Unit 26

      APARTMENT HOUSE (5+ UNITS) • 64,960 SF
      410 Memphis St, Philadelphia, PA 19125-2642
      View Details
    • Value Estimation
      $22,080,000
      69,521 SF

      501 Girard Ave, Unit 27

      APARTMENT HOUSE (5+ UNITS) • 69,521 SF
      501 Girard Ave, Philadelphia, PA 19125-3380
      View Details
    • Value Estimation
      $2,100,000
      10,350 SF

      2210 Frankford Ave, Unit 14

      APARTMENT HOUSE (5+ UNITS) • 10,350 SF
      2210 Frankford Ave, Philadelphia, PA 19125-2054
      View Details

    Similar Nearby for Sale

    • $3,350,000
      9,120 SF

      Luxury Fishtown Apartment Building

      10 Units, Brand New, High ROI
      2001 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $699,000
      3,950 SF

      New Fishtown Triplex Investment

      New construction triplex in Fishtown, ideal for investment.
      2647 Jasper St, Philadelphia, PA 19125
      View Details
    • $779,900
      2,754 SF

      Fishtown Multi-Unit Building on Frankford

      Multi-unit building with commercial studio and residential unit in Fishtown.
      1856 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $700,000
      2,397 SF

      Renovated Triplex in Fishtown/Kensington

      Turnkey triplex near Frankford Avenue Arts Corridor.
      182 E Huntingdon St, Philadelphia, PA 19125
      View Details
    • $699,900
      1,803 SF

      Fishtown Mixed-Use Triplex with City Views

      Fully occupied mixed-use triplex in Fishtown with commercial and residential units.
      2427 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $924,900
      2,517 SF

      Fishtown Mixed-Use Building on Girard

      Mixed-use property in prime Fishtown location with high visibility.
      1135 E Susquehanna Ave, Philadelphia, PA 19125
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Loft Apartment with Industrial Vibe

      One-bedroom loft apartment with exposed brick and modern amenities.
      1701 Tulip St St, Philadelphia, PA 19125
      View Details
    • Contact for pricing

      Fishtown Apartment with Modern Amenities

      Two-bedroom apartment in Fishtown with modern features and shared roof deck.
      1868 Frankford Ave Ave, Philadelphia, PA 19125
      View Details
    • Contact for pricing

      Spacious Apartment with Private Patio

      Three-bedroom apartment featuring a private patio and in-unit laundry.
      600 E Girard Ave Ave, Philadelphia, PA 19125
      View Details
    • Contact for pricing

      Frankford Avenue Apartment Available Now

      One bedroom apartment with open floor plan and balcony.
      1600 Frankford Ave Ave, Philadelphia, PA 19125
      View Details
    • Contact for pricing

      Spacious 3-Bedroom Apartment Available

      Comfortable 3-bedroom apartment with modern amenities, available mid-December.
      1850 Frankford Ave Ave, Philadelphia, PA 19125
      View Details
    • $1,595 /Mo
      2,140 SF

      East Kensington Tri-Level Apartment

      Two-bedroom, two-bathroom apartment with modern finishes and roof deck.
      2428 Jasper St, Philadelphia, PA 19125
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2311 York St
    Philadelphia, PA 19125-2145
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.