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

    309 Market St Philadelphia, PA 19106-2100

    • Investment properties
    • 7,860 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4855101
    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

    • Sonrisa Old City Dental / Dental Office
    • Velez Carlos E DDS / Dental Office
    • Youngblood Andrew M DDS / Dental Office
    • MBM ATM Group / Atm
    • Dangerous Ambition / Clothing Store

    Property Details for 309 Market St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Property size
    7,860 SF
    Zone code
    CMX3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    87-1-4027-90
    APU
    871402790

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,555,000
      6.5%
      $1,435,000
      7%
      $1,335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $689,000
      Market price range: $389k - $1.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.146
    Latitude
    39.9505
    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
    $21,389
    $305,600
    $1,222,400
    $1,528,000
    -
    $305,600
    $1,222,400
    $1,528,000

    Comparable in this City

    • Value Estimation
      $1,040,000
      7,356 SF

      308 Market St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,356 SF
      308 Market St, Philadelphia, PA 19106-2704
      View Details
    • Value Estimation
      $1,850,000
      15,360 SF

      722 Market St, Unit 24

      OFFICE/RESIDENTIAL (MIXED USE) • 15,360 SF
      722 Market St, Philadelphia, PA 19106-2312
      View Details
    • Value Estimation
      $39,345,000
      236,648 SF

      8 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 236,648 SF
      8 Frnt St, Philadelphia, PA 19106-3001
      View Details
    • Value Estimation by Request
      520 SF

      103 2nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 520 SF
      103 2nd St, Philadelphia, PA 19106-3007
      View Details
    • Value Estimation
      $1,215,000
      8,400 SF

      16 3rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,400 SF
      16 3rd St, Philadelphia, PA 19106-2726
      View Details
    • Value Estimation
      $535,000
      3,516 SF

      219 Church St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,516 SF
      219 Church St, Philadelphia, PA 19106-4575
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Upscale Philly Pizza Restaurant

      Prime Chestnut Street location, newly renovated.
      707 Chestnut St, Philadelphia, PA 19106
      View Details
    • $1,200,000

      Old City Mixed-Use Development

      Historic Philly Redevelopment Opportunity
      304 Cherry St, Philadelphia, PA 19106
      View Details
    • $1,300,000
      1,422 SF

      Old City Restaurant Opportunity

      Restaurant property in the heart of Old City, Philadelphia.
      60 S 2Nd St, Philadelphia, PA 19106
      View Details
    • Contact for pricing
      1,500 SF

      Historic Philly Storefront

      1,500 SF Retail/Medical Office
      136 2Nd St, Philadelphia, PA 19106
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Mixed-Use Space in Philadelphia

      Live, work, and retail space available in Philadelphia.
      216 Church St, Philadelphia, PA 19106
      View Details
    • $22 SF/Yr
      1,184 SF

      Vine Street Retail Opportunity

      Multiple retail spaces available on Vine Street in Old City.
      219-229 Vine St, Philadelphia, PA 19106
      View Details
    • Contact for pricing
      50,816 SF

      Old City Philly Retail/Office Space

      Historic Charm, Prime Location, 746 SF Available
      222 Church St, Philadelphia, PA 19106
      View Details
    • $2,300 /Mo

      Versatile Flex Space in Old City

      Spacious 3-level apartment with street-level access in historic Old City.
      107 Arch St, Philadelphia, PA 19106
      View Details
    • $2,500 /Mo

      Versatile Work Live Retail Space

      Loft-style space suitable for work, living, or retail.
      216 Church Ln, Philadelphia, PA 19106
      View Details
    • Contact for pricing
      20,512 SF

      Midtown Village Retail Space Available

      Up to 40,000 SF available in Midtown Village.
      1125 Sansom St, Philadelphia, PA 19106
      View Details

    Property Visit Statistics

    • Visits by month
      3.9k
    • Visitors by month
      2.6k
    • Avg Time on site
      30 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.
    309 Market St
    Philadelphia, PA 19106-2100
    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!