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Property profile & analytics
OFF-MARKET Estimated value $2,110,000
Office buildings

3 Rector St Philadelphia, PA 19127-1506

10,800 SF 0.24 ac lot Built 1922
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US73-2682172
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1922
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,800 SF
Lot 0.24 ac (10,557 SF)
Zoning code I2
APN 88-3-3643-00
UPID US73-2682172
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
  • Crossmedia Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.75M
Blend (final) Blend
$2.11M
Owner & transaction history
Spe Assouline 3 LLC · 6 yrs held
Spe Assouline 3 LLC
since 2019
5 recorded transactions
2019
$4.0M
2017
$3.1M
2009
$170,400
1969
Price N/A
1969
Price N/A
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

I-2 Medium Industrial G-1 G-2 Food Distribution Center I-3 Heavy Industrial LR I-P Port Industrial Port Industrial (.2) Map Symbols. (.a) The Industrial district map symbols are intended to provide a general, relative indication of the range of uses and activities allowed within the respective districts. "I" is used to indicate a zoning district primarily in…

Zone name Medium Industrial
General category INDUSTRIAL
Zone area 6,310.58 ac
Source TITLE 14. ZONING AND PLANNING
Top alternative use upside
Restaurant $3.3M +21.7%
Apartment house (5+ units) $3.0M +9.3%
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