Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    232 Market St Philadelphia, PA 19106

    • Investment properties
    • 48,275 SF
    • 0.19 lot acres
    For Lease
    View listing
    $40 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US73-1279247
    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

    • allongée / Yoga Studio / Physical Fitness Program
    • Kick Axe Throwing PHILLY / Bar / Restaurant

    Property Details for 232 Market St

    Year built
    1895
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.19 lot acres
    Property size
    48,275 SF
    Zone code
    CMX3
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    88-3-0114-00
    APU
    883011400

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1451
    Latitude
    39.9497
    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
    $81,020
    $1,157,600
    $4,630,400
    $5,788,000
    -
    $1,157,600
    $4,630,400
    $5,788,000

    Comparable in this City

    • Value Estimation by Request
      986,960 SF

      508 Walnut St, Unit 32

      STORE/OFFICE (MIXED USE) • 986,960 SF
      508 Walnut St, Philadelphia, PA 19106-3640
      View Details
    • Value Estimation
      $11,900,000
      125,388 SF

      105 7th St, Unit 17

      STORE/OFFICE (MIXED USE) • 125,388 SF
      105 7th St, Philadelphia, PA 19106-3324
      View Details
    • Value Estimation by Request
      14,536 SF

      623 Ranstead St, Unit 99

      STORE/OFFICE (MIXED USE) • 14,536 SF
      623 Ranstead St, Philadelphia, PA 19106-2324
      View Details
    • Value Estimation by Request
      21,150 SF

      13 3rd St, Unit 27

      STORE/OFFICE (MIXED USE) • 21,150 SF
      13 3rd St, Philadelphia, PA 19106-2801
      View Details
    • Value Estimation by Request
      22,800 SF

      721 Chestnut St

      STORE/OFFICE (MIXED USE) • 22,800 SF
      721 Chestnut St, Philadelphia, PA 19106-2348
      View Details
    • Value Estimation by Request
      4,806 SF

      305 2nd St

      STORE/OFFICE (MIXED USE) • 4,806 SF
      305 2nd St, Philadelphia, PA 19106
      View Details

    Similar Nearby for Sale

    • $1,100,000
      3,444 SF

      Renovated Triplex in Old City

      Income-producing triplex with parking and bridge views in Philadelphia's Old City.
      311-13 N Front St, Philadelphia, PA 19106
      View Details
    • $1,200,000

      Old City Mixed-Use Development

      Historic Philly Redevelopment Opportunity
      304 Cherry St, Philadelphia, PA 19106
      View Details
    • $3,291,500
      0.08 Acres

      Mixed-Use Property in Historic Philadelphia

      Premier mixed-use property in Philadelphia's Old City/Center City East district.
      718 Chestnut St, Philadelphia, PA 19106
      View Details
    • Contact for pricing

      Upscale Philly Pizza Restaurant

      Prime Chestnut Street location, newly renovated.
      707 Chestnut St, Philadelphia, PA 19106
      View Details
    • $500,000
      2,438 SF

      Chestnut Street Retail Condo Investment

      Prime Philadelphia Retail Space - Motivated Seller!
      241-43 Chestnut St, Philadelphia, PA 19106
      View Details
    • Contact for pricing
      1,500 SF

      Historic Philly Storefront

      1,500 SF Retail/Medical Office
      136 2Nd St, Philadelphia, PA 19106
      View Details

    Similar Nearby for Lease

    • $2,795 /Mo

      Versatile Flex Space in Old City

      Spacious 3-level apartment with street-level access in historic Old City.
      107 Arch St, Philadelphia, PA 19106
      View Details
    • $2,500 /Mo

      Mixed-Use Space in Philadelphia

      Live, work, and retail space available in Philadelphia.
      216 Church St, Philadelphia, PA 19106
      View Details
    • Contact for pricing
      50,816 SF

      Old City Philly Retail/Office Space

      Historic Charm, Prime Location, 746 SF Available
      222 Church St, Philadelphia, PA 19106
      View Details
    • $22 SF/Yr
      2,290 SF

      Vine Street Retail Opportunity

      Multiple retail spaces available on Vine Street in Old City.
      219-229 Vine St, Philadelphia, PA 19106
      View Details
    • Contact for pricing

      Market Street Retail Space Available

      Retail space in the heart of Market Street East.
      626 Market St, Philadelphia, PA 19106
      View Details
    • Contact for pricing
      20,512 SF

      Midtown Village Retail Space Available

      Up to 40,000 SF available in Midtown Village.
      1125 Sansom St, Philadelphia, PA 19106
      View Details

    Property Visit Statistics

    • Visits by month
      5.7k
    • Visitors by month
      3.7k
    • Avg Time on site
      13 min
    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.
    232 Market St
    Philadelphia, PA 19106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.