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

    2845 5th St Philadelphia, PA 19133-2713

    • Investment properties
    • 1,580 SF
    • 0.02 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2024
    $125,000
    Value Estimations
    $125,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3349193
    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

    • Investment properties

    Property Details for 2845 5th St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.02 lot acres
    Property size
    1,580 SF
    Zone code
    CMX2.5
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    87-1-5258-30
    APU
    871525830

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $125,000
      ML approach
      $125,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $128,000
      Market price range: $60.0k - $145k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $95,000
      Current use
      WAREHOUSE, STORAGE
      $155,000
      Change: +59% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1394
    Latitude
    39.9946
    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
    $1,186
    $16,940
    $67,760
    $84,700
    -
    $16,940
    $67,760
    $84,700

    Comparable in this City

    • Value Estimation
      $305,000
      2,223 SF

      604 York St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,223 SF
      604 York St, Philadelphia, PA 19133-2117
      View Details
    • Value Estimation
      $285,000
      1,869 SF

      2701 Fairhill St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,869 SF
      2701 Fairhill St, Philadelphia, PA 19133-2704
      View Details
    • Value Estimation
      $210,000
      2,340 SF

      2556 Germantown Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,340 SF
      2556 Germantown Ave, Philadelphia, PA 19133-1637
      View Details
    • Value Estimation by Request
      1,950 SF

      424 Cambria St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,950 SF
      424 Cambria St, Philadelphia, PA 19133-2716
      View Details
    • Value Estimation
      $205,000
      2,720 SF

      701 Cumberland St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,720 SF
      701 Cumberland St, Philadelphia, PA 19133-2222
      View Details
    • Value Estimation
      $215,000
      2,880 SF

      1213 Dauphin St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,880 SF
      1213 Dauphin St, Philadelphia, PA 19133-1021
      View Details

    Similar Nearby for Sale

    • $8,000,000
      88,915 SF

      Philadelphia Redevelopment Opportunity

      Mixed-use, high-income potential
      432 Allegheny Ave, Philadelphia, PA 19133
      View Details
    • $559,000
      2,732 SF

      Turnkey Mixed-Use Quadplex Near Temple

      Low-maintenance quadplex with commercial space near Temple University.
      2316 N 9Th St, Philadelphia, PA 19133
      View Details
    • $450,000
      2,496 SF

      Mixed-Use Property with Daycare

      Mixed-use property with daycare and residential unit in Philadelphia.
      2741 Germantown Ave, Philadelphia, PA 19133
      View Details
    • $49,900
      0.02 Acres

      Vacant Lot on Front Street

      Strategically located vacant lot with high visibility and development potential.
      2865 N Front St, Philadelphia, PA 19133
      View Details
    • $60,000
      0.03 Acres

      Land For Sale Philadelphia

      Land available in Philadelphia, PA, great investment opportunity.
      810 W Lehigh Ave, Philadelphia, PA 19133
      View Details
    • $600,000
      2,202 SF

      Renovated Triplex in Norris Square

      Fully renovated triplex in Philadelphia's vibrant Norris Square neighborhood.
      2323 N 2Nd St, Philadelphia, PA 19133
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,250 SF

      Ground Floor Retail Space Available

      2,250 SF retail space with dedicated outdoor area.
      2031 E Lehigh Ave, Philadelphia, PA 19133
      View Details
    • $324 /Mo
      1,000 SF

      Plaza Allegheny Retail Space

      Philadelphia Retail Opportunity: 1,000 SF Available
      238 Allegheny Ave, Philadelphia, PA 19133
      View Details
    • $3,000 /Mo

      Retail Space in Philadelphia

      New construction retail space available for lease in Philadelphia.
      2449 N 2Nd St, Philadelphia, PA 19133
      View Details
    • $11 SF/Yr
      6,742 SF

      Flex Space with Redundant Power

      Flex space available for rent with redundant power feeds.
      3111 W Allegheny Ave, Philadelphia, PA 19133
      View Details
    • $950 /Mo

      Cozy Apartment in Prime Location

      One-bedroom apartment with easy access to amenities and transportation.
      2366 N 4Th St, Philadelphia, PA 19133
      View Details
    • $2,600 /Mo
      1,728 SF

      Renovated Home Near Norris Square

      Renovated 4-bedroom home with modern amenities and convenient location.
      2211 N Howard St, Philadelphia, PA 19133
      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.
    2845 5th St
    Philadelphia, PA 19133-2713
    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.
    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.