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

    3034 Frnt St Philadelphia, PA 19148

    • Apartment buildings
    • 48,320 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    $9,635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1034408
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 3034 Frnt St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.30 lot acres
    Property size
    48,320 SF
    Zone code
    CMX3
    Property type
    Apartment buildings
    APN
    88-1-0033-37
    APU
    881003337

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,439,000
      Market price range: $7.30M - $21.1M
      AI Estimate
      $5,829,000
      Market price range: $3.95M - $7.15M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $13,440,000
      Current use
      RESTAURANT
      $14,960,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $12,295,000
      Change: -9% Conversion: Moderate
      MEDICAL BUILDING
      $11,865,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1428
    Latitude
    39.9488
    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
    $82,744
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $7,000,000

    Comparable in this City

    • Value Estimation
      $9,000,000
      45,150 SF

      501 Jackson St, Unit 35

      APARTMENT HOUSE (5+ UNITS) • 45,150 SF
      501 Jackson St, Philadelphia, PA 19148-5741
      View Details
    • Value Estimation
      $3,495,000
      21,600 SF

      2032 Juniper St, Unit 42

      APARTMENT HOUSE (5+ UNITS) • 21,600 SF
      2032 Juniper St, Philadelphia, PA 19148-5538
      View Details
    • Value Estimation
      $3,220,000
      16,139 SF

      1218 Snyder Ave, Unit 22

      APARTMENT HOUSE (5+ UNITS) • 16,139 SF
      1218 Snyder Ave, Philadelphia, PA 19148-5548
      View Details
    • Value Estimation
      $3,615,000
      18,140 SF

      1843 Passyunk Ave, Unit 45

      APARTMENT HOUSE (5+ UNITS) • 18,140 SF
      1843 Passyunk Ave, Philadelphia, PA 19148-2127
      View Details
    • Value Estimation
      $10,475,000
      52,548 SF

      1619 Moyamensing Ave

      APARTMENT HOUSE (5+ UNITS) • 52,548 SF
      1619 Moyamensing Ave, Philadelphia, PA 19148-1349
      View Details
    • Value Estimation
      $505,000
      2,064 SF

      2027 13th St

      APARTMENT HOUSE (5+ UNITS) • 2,064 SF
      2027 13th St, Philadelphia, PA 19148-5516
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,537 SF

      Fishtown Apartment Building with Retail

      Apartment building with retail in vibrant Fishtown location.
      1701 N 2Nd St, Philadelphia, PA 19148
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      2,600 SF

      Corner Mixed-Use Investment Opportunity

      Double-wide corner property with medical office and apartment potential.
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      Mixed-Use Property in South Philly

      Two buildings with commercial space and residential units in Philadelphia.
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    • New
      $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
    • Contact for pricing
      147,525 SF

      1201 Jackson St

      Multifamily properties • 147,525 SF
      1201 Jackson St, Philadelphia, PA 19148
      View Details
    • $803,500
      2,025 SF

      Philadelphia Multifamily Investment Opportunity

      Five-unit apartment building near Passyunk Avenue with rental upside.
      1327 Snyder Ave, Philadelphia, PA 19148
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      2,100 SF

      Modern Home Near Passyunk Square

      Four-bedroom, three-bath home built in 2022 with finished basement.
      605 Emily St, Philadelphia, PA 19148
      View Details
    • $1,250 /Mo
      1,248 SF

      Clean One-Bedroom Unit For Rent

      One-bedroom unit with modern amenities, move-in ready, convenient location.
      2600 S Mildred St, Philadelphia, PA 19148
      View Details
    • $1,350 /Mo
      3,049 SF

      Turn-Key Loft in Broad Street

      Versatile 840 SF space ideal for various business uses.
      1903-5 S Broad St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      4,627 SF

      South Philadelphia Retail/Office/Flex Space

      Two-story retail/office/flex space in the heart of South Philadelphia.
      22 Wolf St, Philadelphia, PA 19148
      View Details
    • $2,348 /Mo
      871 SF

      Retail Space Near Passyunk Avenue

      Retail space with basement near East Passyunk's commercial corridor.
      2001 S 10Th 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
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    3034 Frnt St
    Philadelphia, PA 19148
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    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
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