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

    2533 Salmon St, Unit 35 Philadelphia, PA 19125-4010

    • Specialty properties
    • 5,400 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1592947
    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

    • Specialty properties

    Property Details for 2533 Salmon St

    Year built
    1930
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Property size
    5,400 SF
    Zone code
    RSA5
    Property type
    Specialty properties
    APN
    88-2-9311-30
    APU
    882931130

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $714,000
      Market price range: $229k - $715k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $930,000
      Current use
      WAREHOUSE, STORAGE
      $1,185,000
      Change: +27% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,000,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $925,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1173
    Latitude
    39.9753
    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
    $11,064
    $158,074
    $632,326
    $790,400
    -
    $158,074
    $632,326
    $790,400

    Comparable in this City

    • Value Estimation by Request
      3,242 SF

      1414 Palmer St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,242 SF
      1414 Palmer St, Philadelphia, PA 19125-2607
      View Details
    • Value Estimation by Request
      3,042 SF

      2230 Cedar St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,042 SF
      2230 Cedar St, Philadelphia, PA 19125-2932
      View Details
    • Value Estimation by Request
      2,442 SF

      1417 Susquehanna Ave

      CREMATORIUM, MORTUARY • 2,442 SF
      1417 Susquehanna Ave, Philadelphia, PA 19125
      View Details
    • Value Estimation by Request
      2,034 SF

      1415 Susquehanna Ave

      CREMATORIUM, MORTUARY • 2,034 SF
      1415 Susquehanna Ave, Philadelphia, PA 19125-2825
      View Details
    • Value Estimation by Request
      4,596 SF

      309 Lehigh Ave, Unit 11

      CREMATORIUM, MORTUARY • 4,596 SF
      309 Lehigh Ave, Philadelphia, PA 19125-1015
      View Details
    • Value Estimation by Request
      4,416 SF

      2357 Cumberland St

      CREMATORIUM, MORTUARY • 4,416 SF
      2357 Cumberland St, Philadelphia, PA 19125-3126
      View Details

    Similar Nearby for Sale

    • $900,000
      3,629 SF

      Frankford Avenue Commercial Redevelopment Opportunity

      Three adjacent properties for sale in East Kensington, Philadelphia.
      2605 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $49,900
      0.01 Acres

      Buildable Lot in East Kensington

      Vacant lot in booming East Kensington neighborhood with development potential.
      1923 E Harold St, Philadelphia, PA 19125
      View Details
    • $99,000
      0.02 Acres

      Land in Philadelphia's Hottest Zipcode

      Land available for custom home construction in desirable Philadelphia location.
      2644 Agate St, Philadelphia, PA 19125
      View Details
    • $99,000

      Land Lot in Philadelphia

      1040 sq ft land lot available for sale.
      1812 E Lehigh Ave Ave, Philadelphia, PA 19125
      View Details
    • $590,000

      Fishtown Home with Private Garage

      3 bed, 2 bath home in the heart of Fishtown.
      2103 E Susquehanna Ave, Philadelphia, PA 19125
      View Details
    • $475,000
      1,798 SF

      Fishtown Bi-Level Condo with Outdoor Spaces

      Modern 3-bedroom condo with three private outdoor spaces in Fishtown.
      1518 Frankford Ave, Philadelphia, PA 19125
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
      1,437 SF

      Philadelphia Rental with Skyline Views

      Stunning 3-bedroom rental with private roof deck and balcony.
      2439 Jasper St, Philadelphia, PA 19125
      View Details
    • $1,596 /Mo

      Loft Apartment with Industrial Vibe

      One-bedroom loft apartment with exposed brick and modern amenities.
      1701 Tulip St St, Philadelphia, PA 19125
      View Details
    • $2,314 /Mo

      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
    • $1,795 /Mo

      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
    • $1,601 /Mo

      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
      1,452 SF

      Prime Philadelphia Retail Space

      1,452 SF Retail Space - Available Now
      1929-1945 York 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.
    2533 Salmon St, Unit 35
    Philadelphia, PA 19125-4010
    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.