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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2654 Sartain St Philadelphia, PA 19148-4416

    • Investment properties
    • 1,395 SF
    • 0.02 lot acres
    OFF-MARKET
    Last Sale
    Feb 07, 2023
    $220,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2835335
    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

    • Procopin & Procopin / Barber Shop
    • Canelo's Ice Cream / Grocery & Convenience Store / Specialty Food Shop
    • Novelli’s Barbershop / Barber Shop
    • Munchies Ice Cream II / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 2654 Sartain St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.02 lot acres
    Property size
    1,395 SF
    Zone code
    CMX1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    87-1-5575-60
    APU
    871557560

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1673
    Latitude
    39.9165
    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
    $1,916
    $0.00
    $0.00
    $216,900
    -
    $0.00
    $0.00
    $216,900

    Comparable in this City

    • Value Estimation
      $785,000
      4,392 SF

      1721 Passyunk Ave, Unit 23

      OFFICE/RESIDENTIAL (MIXED USE) • 4,392 SF
      1721 Passyunk Ave, Philadelphia, PA 19148-1517
      View Details
    • Value Estimation by Request
      1,840 SF

      2348 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,840 SF
      2348 6th St, Philadelphia, PA 19148-3852
      View Details
    • Value Estimation by Request
      1,504 SF

      2214 3rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,504 SF
      2214 3rd St, Philadelphia, PA 19148-3346
      View Details
    • Value Estimation by Request
      1,776 SF

      1801 12th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,776 SF
      1801 12th St, Philadelphia, PA 19148-2105
      View Details
    • Value Estimation
      $850,000
      4,572 SF

      2439 12th St, Unit 41

      OFFICE/RESIDENTIAL (MIXED USE) • 4,572 SF
      2439 12th St, Philadelphia, PA 19148-3576
      View Details
    • Value Estimation by Request
      1,470 SF

      1215 Snyder Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,470 SF
      1215 Snyder Ave, Philadelphia, PA 19148-5512
      View Details

    Similar Nearby for Sale

    • $399,900
      2,136 SF

      Philadelphia Duplex with Income Potential

      Spacious Philadelphia duplex, ideal for investors or owner-occupants.
      1833 S 5Th St, Philadelphia, PA 19148
      View Details
    • $575,000
      2,600 SF

      Corner Mixed-Use Investment Opportunity

      Double-wide corner property with medical office and apartment potential.
      2601-03 S 12Th St, Philadelphia, PA 19148
      View Details
    • $450,000
      2,025 SF

      East Passyunk Multifamily Investment Opportunity

      Five-unit property near Passyunk Avenue with income potential.
      1337 E Snyder Ave, Philadelphia, PA 19148
      View Details
    • New
      $599,000
      0.02 Acres

      Mixed-Use Commercial Properties For Sale

      Two adjoining commercial properties with office space and residential income.
      1315 Wolf St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      23,256 SF

      Philadelphia Warehouse with Office Space

      23,256 SF warehouse with office near I-95.
      2300 N American St, Philadelphia, PA 19148
      View Details
    • $1,450,000
      3,000 SF

      South Philadelphia KFC Investment Opportunity

      KFC property in South Philadelphia with value-add potential.
      411 W Oregon Ave, Philadelphia, PA 19148
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Renovated Mixed-Use Property on Passyunk

      Recently renovated mixed-use property with unique interior aesthetics and high visibility.
      1804-1808 E Passyunk Ave, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      1,550 SF

      Philadelphia Office Space For Rent

      Office space available for lease in Philadelphia, PA.
      1701-1703 S Broad St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      12,078 SF

      Retail Space in Philadelphia Available

      Highly visible retail space with ample parking and flexible size.
      2222 W Ritner St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      9,242 SF

      Prime South Broad Street Retail Space

      Restaurant Space - Sublease Opportunity
      2037 Broad St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      17,790 SF

      Freestanding Warehouse with Parking

      Freestanding warehouse with ample parking and convenient loading docks.
      1740 N 2Nd St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      12,200 SF

      Grocery Anchored Retail Opportunity

      Premier shopping center in South Philadelphia retail corridor for lease.
      424 W Oregon Ave, Philadelphia, PA 19148
      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.
    2654 Sartain St
    Philadelphia, PA 19148-4416
    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.