Add Listing
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

    2701 Broad St Philadelphia, PA 19132-2743

    • Investment properties
    • 200,000 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    $20,640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2136663
    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

    • Domino's Pizza / Take-out & Catering
    • Temple University Med Center / Physician
    • V&V Management Solutions / Business Management Consultant
    • My Phillie Wireless / Computer & Electronic Repair / Tech Support Center
    • My Phone / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 2701 Broad St

    Year built
    1923
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.58 lot acres
    Property size
    200,000 SF
    Zone code
    CMX3
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    88-3-3615-00
    APU
    883361500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,916,000
      Market price range: $7.75M - $14.9M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $34,290,000
      AUTO REPAIR, GARAGE
      $31,545,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1539
    Latitude
    39.9941
    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
    $189,900
    $3,707,480
    $9,858,720
    $13,566,200
    -
    $3,707,480
    $9,858,720
    $13,566,200

    Comparable in this City

    • Value Estimation
      $2,435,000
      22,400 SF

      2536 Broad St, Unit 38

      STORE/OFFICE (MIXED USE) • 22,400 SF
      2536 Broad St, Philadelphia, PA 19132-4013
      View Details
    • Value Estimation by Request
      2,044 SF

      2947 22nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,044 SF
      2947 22nd St, Philadelphia, PA 19132-1505
      View Details
    • Value Estimation by Request
      1,594 SF

      3128 22nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,594 SF
      3128 22nd St, Philadelphia, PA 19132-1548
      View Details
    • Value Estimation by Request
      1,558 SF

      2853 24th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,558 SF
      2853 24th St, Philadelphia, PA 19132-1931
      View Details
    • Value Estimation by Request
      1,064 SF

      2614 York St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,064 SF
      2614 York St, Philadelphia, PA 19132-3509
      View Details
    • Value Estimation by Request
      1,210 SF

      2452 Toronto St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,210 SF
      2452 Toronto St, Philadelphia, PA 19132-1332
      View Details

    Similar Nearby for Sale

    • $75,000

      Allegheny West Corner Duplex

      Investment opportunity in a vibrant Philadelphia neighborhood.
      3066 N Bambrey St, Philadelphia, PA 19132
      View Details
    • Contact for pricing
      97,905 SF

      Mixed-Use/Industrial Property in Opportunity Zone

      97,905 SF property with development potential in Philadelphia.
      2519 N Broad St, Philadelphia, PA 19132
      View Details
    • $335,000
      2,451 SF

      Mixed-Use Property in North Philly

      Versatile mixed-use property on a thriving commercial corridor.
      2929 N 22Nd St, Philadelphia, PA 19132
      View Details
    • Contact for pricing

      Mixed-Use Development Opportunity

      Unique property with versatile zoning in a growing neighborhood.
      3100 N 22Nd St, Philadelphia, PA 19132
      View Details
    • $310,000
      1,590 SF

      Renovated Duplex Units in Philadelphia

      Turnkey, renovated 2-bedroom duplex units near transportation and amenities.
      3312 W Cumberland St, Philadelphia, PA 19132
      View Details

    Similar Nearby for Lease

    • New
      $9,450 /Mo
      11,326 SF

      Retail Building in Allegheny West

      Single-story retail building in Philadelphia's commercial corridor for lease.
      2201 W Cambria St, Philadelphia, PA 19132
      View Details
    • $2,300 /Mo
      1,307 SF

      Mixed-Use Retail and Live/Work Space

      Mixed-use property with retail space and live/work apartment in Philadelphia.
      2935 N 22Nd St, Philadelphia, PA 19132
      View Details
    • Contact for pricing
      35,000 SF

      South Philadelphia Redeveloped Campus Space

      Redeveloped campus in South Philadelphia with retail and office space.
      2900A S 20Th St, Philadelphia, PA 19132
      View Details
    • Contact for pricing
      65,000 SF

      Spacious Industrial Building with Lot

      65,000 SF masonry building with grass lot near Center City.
      2427-2435 W York St, Philadelphia, PA 19132
      View Details
    • $2,000 /Mo
      9,148 SF

      Prime Commercial Building on Broad

      Two-story commercial building on Broad Street available for lease.
      2520-22 N Broad St, Philadelphia, PA 19132
      View Details
    • $2,000 /Mo
      1,311 SF

      Commercial Space in Philadelphia Available

      Open commercial space with basement access in Philadelphia.
      1409 W York St, Philadelphia, PA 19132
      View Details

    Property Visit Statistics

    • Visits by month
      28.9k
    • Visitors by month
      13.5k
    • Avg Time on site
      10 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.
    2701 Broad St
    Philadelphia, PA 19132-2743
    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.
    Sign Up Successful!
    You now have access to more from Realmo!