Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Office buildings
2401 Swanson St Philadelphia, PA 19148-4113
Individually Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-5928079
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,175 SF
Lot
1.04 ac (45,172 SF)
Zoning code
ICMX
APN
88-3-1390-00
UPID
US73-5928079
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
-
The IATSE Ballroom Wedding Service
-
International Alliance of Theatrical Stage Employees Local 501 Association / Organization
-
IATSE Local 8 Advocacy Group
-
Anthony's Caterers Take-out & Catering Catering Service
-
15 Minute Testing - South Philly Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$2.33M
Owner & transaction history
Local 8 Stage · 17 yrs held
Local 8 Stage
since 2009
7 recorded transactions
Zoning & alternative use
ICMX · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+21.7%
Apartment house (5+ units)
$3.1M
+9.3%
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%
$2,615,000
6.5%
$2,415,000
7%
$2,240,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,845,000
Current use
RESTAURANT
$3,460,000
Change: +22% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,110,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$2,745,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±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
$208 / 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
$27,475
Tax year 2023
Assessed value
$1,962,800
Assessed 2023
Previous assessed
$1,962,800
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$392,560
Assessed improvement
$1,570,240
Land market value
$392,560
Improvement market value
$1,570,240
Total market value
$1,962,800
Applied tax rate
39.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Total area
11,175 SF
Lot
1.04 ac (45,172 SF)
Zoning code
ICMX
APN
88-3-1390-00
UPID
US73-5928079
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
ICMX · Philadelphia, PA
Zoning ICMX · permitted uses
ICMX · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
RESTAURANT
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Lot
1.04 ac
Current owner
From public records · entity-resolved
Local 8 Stage
Individual
Mailing address
2237 HARTRANFT ST, PHILADELPHIA, PA 19145-5602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
—
John Petrick
—
Deed
related
$2,800,000 · Wilmington Savings Fund Society Fsb
Oct 11, 2016
—
Michael Sweeney
—
Deed
related
$1,076,427 · Pnc Bank NA
Sep 22, 2010
—
Stage Local 8 Intl Alliance Of T
—
Trustees Deed
related
$850,000 · Pidc Local Development Corp
Apr 29, 2010
—
Stage Local 8 Intl Alliance Of T
—
Grant Deed
related
$1,360,000 · Pnc Bk/oh
Jan 28, 2009
$1,725,000
Local 8 Stage
Stein & Silverman Fam Ptshp
Grant Deed
—
Dec 2, 2005
$620,000
S & S Family Ptshp
Manfredo,alfred D
Grant Deed
—
—
—
Stage Local 8 Intl Alliance & T
—
Deed Of Trust
related
$100,000 · Pnc Bk
—
—
Stage Local 8 Intl Alliance Of T
—
Deed Of Trust
related
—
—
—
Local 8 Stage
—
Deed Of Trust
related
$540,000 · Department/cmnty & Economic De
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2401 Swanson St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
