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

    3120 School House Ln Philadelphia, PA 19144

    • Residential income homes
    • 139,200 SF
    • 5.51 lot acres
    OFF-MARKET
    Value Estimations
    $14,765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0219692
    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

    • Philau Independence plaza / School

    Property Details for 3120 School House Ln

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.51 lot acres
    Property size
    139,200 SF
    Zone code
    SPINS
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    88-1-4511-00
    APU
    881451100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $19,322,000
      Market price range: $14.6M - $32.9M
      AI Estimate
      $10,208,000
      Market price range: $5.78M - $15.8M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $19,320,000
      Current use
      RETAIL STORES
      $23,865,000
      Change: +24% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $21,955,000
      Change: +14% Conversion: Difficult
      WAREHOUSE, STORAGE
      $17,930,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1885
    Latitude
    40.0214
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $28,551,200

    Comparable in this City

    • Value Estimation
      $630,000
      8,613 SF

      35 School House Ln, Unit 41

      BOARDING/ROOMING HOUSE • 8,613 SF
      35 School House Ln, Philadelphia, PA 19144-2234
      View Details
    • Value Estimation
      $705,000
      21,166 SF

      5200 Wayne Ave, Unit 8

      BOARDING/ROOMING HOUSE • 21,166 SF
      5200 Wayne Ave, Philadelphia, PA 19144-3528
      View Details
    • Value Estimation by Request
      5,632 SF

      162 Walnut Ln

      BOARDING/ROOMING HOUSE • 5,632 SF
      162 Walnut Ln, Philadelphia, PA 19144-2005
      View Details
    • Value Estimation
      $885,000
      6,612 SF

      5401 Wayne Ave, Unit 7

      BOARDING/ROOMING HOUSE • 6,612 SF
      5401 Wayne Ave, Philadelphia, PA 19144-3405
      View Details
    • Value Estimation
      $530,000
      3,040 SF

      5151 Wayne Ave

      BOARDING/ROOMING HOUSE • 3,040 SF
      5151 Wayne Ave, Philadelphia, PA 19144-3540
      View Details
    • Value Estimation
      $4,600,000
      43,368 SF

      5301 Germantown Ave

      BOARDING/ROOMING HOUSE • 43,368 SF
      5301 Germantown Ave, Philadelphia, PA 19144-2368
      View Details

    Similar Nearby for Sale

    • New
      $425,000
      3,108 SF

      Duplex with Approved Variance

      Two-unit property with verified zoning variance near amenities.
      75 E High St, Philadelphia, PA 19144
      View Details
    • New
      $257,900
      2,649 SF

      Philadelphia Multifamily Property For Sale

      Multifamily property in Philadelphia, sold as-is.
      5927 Wayne Ave, Philadelphia, PA 19144
      View Details
    • $250,000
      2,901 SF

      Multi-Unit Property Near Wayne Junction

      Six-unit property with income potential near transportation and new developments.
      4618 Wayne Ave, Philadelphia, PA 19144
      View Details
    • $800,000
      0.34 Acres

      Germantown Land with Development Potential

      8,400 SF building on .34 acre lot in Philadelphia.
      6323-25 Burbridge St, Philadelphia, PA 19144
      View Details
    • New
      $500,000
      6,888 SF

      Philadelphia Triplex For Sale

      Triplex property with tenant lease extending beyond 12 months.
      5616-18 Germantown Ave, Philadelphia, PA 19144
      View Details
    • $544,500
      0.17 Acres

      Germantown Victorian Multifamily Opportunity

      Unique Victorian property in Germantown with development potential.
      149 E Herman St, Philadelphia, PA 19144
      View Details

    Similar Nearby for Lease

    • $192 SF/Yr
      9,861 SF

      Wayne Junction Group Home

      Spacious 25-Bed Personal Care Facility
      4807 Germantown Ave, Philadelphia, PA 19144
      View Details
    • $1,295 /Mo
      1,056 SF

      East Germantown Home For Rent

      Well-maintained 3-bedroom, 1-bath home with new appliances and central AC.
      579 E Herman St, Philadelphia, PA 19144
      View Details
    • $2,350 /Mo
      1,388 SF

      Renovated Home in Philadelphia

      Spacious, renovated four-bedroom home with modern updates and convenient amenities.
      227 W Berkley St, Philadelphia, PA 19144
      View Details
    • $3,100 /Mo
      2,256 SF

      Spacious Germantown Home For Rent

      Six-bedroom home in Germantown with modern updates and ample space.
      540 E Penn St, Philadelphia, PA 19144
      View Details
    • $2,300 /Mo
      1,360 SF

      Renovated Home in Germantown

      Newly renovated rental near Wissahickon, public transportation, and historic Germantown.
      4956 Baynton St, Philadelphia, PA 19144
      View Details
    • Contact for pricing
      1,400 SF

      Freedom Square Retail Endcap Space

      Prime Philadelphia Retail Opportunity. High-traffic location.
      5101 Germantown Ave, Philadelphia, PA 19144
      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.
    3120 School House Ln
    Philadelphia, PA 19144
    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.