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Property profile & analytics
OFF-MARKET
Estimated value
$3,840,000
Assisted living facilities
2990 Holme Ave Philadelphia, PA 19136-1830
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-1438831
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
121,194 SF
Lot
5.85 ac (254,826 SF)
Zoning code
RSA2
APN
88-1-4487-00
UPID
US73-1438831
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
-
Immaculate Mary Center for Rehabilitation & Healthcare Nursing Home
-
Joanne Mariano Physician
-
Millennium Pharmacy Systems Pharmacy
-
Barbara Olejnik, OT Physician
-
Maren Haas-Mahoney Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.84M
Owner & transaction history
2990 Holme Realty LLC · 11 yrs held
2990 Holme Realty LLC
since 2015
5 recorded transactions
Zoning & alternative use
RSA2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Residential Single Family Attached districts are primarily intended to accommodate attached and semi detached houses on individual lots, but may be applied in areas characterized by a mix of housing types, including detached houses
Zone name
Residential Single Family Attached
General category
RESIDENTIAL
Zone area
2,367.33 ac
Source
Realmo
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$4,240,000
Current use
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±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
$32 / 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
$291,158
Tax year 2023
Assessed value
$20,800,000
Assessed 2023
Previous assessed
$20,800,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$5,200,000
Assessed improvement
$15,600,000
Land market value
$5,200,000
Improvement market value
$15,600,000
Total market value
$20,800,000
Applied tax rate
57.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
4
Total area
121,194 SF
Lot
5.85 ac (254,826 SF)
Zoning code
RSA2
APN
88-1-4487-00
UPID
US73-1438831
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RSA2 · Philadelphia, PAZoning RSA2 · permitted uses
RSA2 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Residential Single Family Attached districts are primarily intended to accommodate attached and semi detached houses on individual lots, but may be applied in areas characterized by a mix of housing types, including detached houses
Zone name
Residential Single Family Attached
General category
RESIDENTIAL
Zone area
2,367.33 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$4.2M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
4
Lot
5.85 ac
Current owner
From public records · entity-resolved
2990 Holme Realty LLC
Entity
Mailing address
701 LANSDALE AVE, LANSDALE, PA 19446-2958
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2021
—
2990 Holme Realty LLC
—
Deed
related
$40,720,000 · Greystone Funding Company LLC
Dec 22, 2016
—
2990 Holme Realty LLC
—
Deed
related
$95,459,000 · Keybank USA
Jan 20, 2015
—
2990 Holme Realty LLC
2990 Holme Realty LLC
Quit Claim Deed
related
—
Nov 17, 2014
$15,392,000
2990 Holme Realty LLC
Immaculate Mary Home
Trustees Deed
$125,000,000 · Keybank USA
—
—
2990 Holme Realty LLC
—
Deed Of Trust
related
$95,459,000 · Keybank USA
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.
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