Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    33 S 16Th St Philadelphia, PA 19102

    • Retail space
    • 9,510 SF
    • 0.08 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1601318
    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

    • Laura Corley - Cross Country Mortgage / Mortgage Lender / Mortgage Broker
    • The Johnson-Chavis Team at CrossCountry Mortgage | Branch NMLS #1554859 / Mortgage Lender
    • Sean Logue at CrossCountry Mortgage | NMLS# 187484 / Mortgage Lender

    Property Details for 33 S 16Th St

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.08 lot acres
    Property size
    9,510 SF
    Zone code
    CMX5
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    88-2-1035-00
    APU
    882103500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $622,000
      Market price range: $395k - $622k

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1669
    Latitude
    39.9517
    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
    $44,120
    $878,940
    $2,272,960
    $3,151,900
    -
    $878,940
    $2,272,960
    $3,151,900

    Comparable in this City

    • Value Estimation by Request
      13,692 SF

      1529 Chestnut St, Unit 31

      STORE, RETAIL OUTLET • 13,692 SF
      1529 Chestnut St, Philadelphia, PA 19102-2558
      View Details
    • Value Estimation
      $430,000
      9,826 SF

      1513 Walnut St

      STORE, RETAIL OUTLET • 9,826 SF
      1513 Walnut St, Philadelphia, PA 19102-3001
      View Details
    • Value Estimation
      $490,000
      9,333 SF

      1510 Sansom St, Unit 12

      STORE, RETAIL OUTLET • 9,333 SF
      1510 Sansom St, Philadelphia, PA 19102-2808
      View Details
    • Value Estimation
      $355,000
      5,566 SF

      113 16th St, Unit 15

      STORE, RETAIL OUTLET • 5,566 SF
      113 16th St, Philadelphia, PA 19102-2801
      View Details
    • Value Estimation
      $1,575,000
      14,344 SF

      1523 Chestnut St

      STORE, RETAIL OUTLET • 14,344 SF
      1523 Chestnut St, Philadelphia, PA 19102-2501
      View Details
    • Value Estimation
      $420,000
      6,883 SF

      1519 Walnut St

      STORE, RETAIL OUTLET • 6,883 SF
      1519 Walnut St, Philadelphia, PA 19102-3024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,134 SF

      Rittenhouse Salon Space Available

      2,282 SF salon space in the heart of Rittenhouse.
      1532-1534 Sansom St, Philadelphia, PA 19102
      View Details
    • Contact for pricing
      26,700 SF

      Prime Retail Building Opportunity

      Rare building opportunity in high-traffic Philadelphia location.
      1528 Chestnut St, Philadelphia, PA 19102
      View Details
    • Contact for pricing

      Retail Space in Mixed-Use Development

      Retail space available in a Class-A mixed-use development.
      1401 Spruce St, Philadelphia, PA 19102
      View Details
    • $795,000

      Bilevel Commercial Condo Near Academy

      Bilevel commercial condominium in prime location near Academy of Music.
      1420 Locust St, Philadelphia, PA 19102
      View Details
    • $3,375,017

      Philadelphia Restaurant and Bar Property

      Center City Philadelphia property tenanted by restaurant and bar.
      1526 Sansom St, Philadelphia, PA 19102
      View Details
    • $1,880,000
      3,080 SF

      Luxury Ritz-Carlton Residence with Views

      Stunning 3-bedroom residence with parking and city views.
      1414 S Penn Sq, Philadelphia, PA 19102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space on Walnut Street

      Bi-level retail space in prime Philadelphia location.
      1515 Walnut St, Philadelphia, PA 19102
      View Details
    • Contact for pricing
      10,000 SF

      Prime Retail Space in Philadelphia

      10,000 SF retail space in the heart of Philadelphia.
      1424-26 Chestnut St, Philadelphia, PA 19102
      View Details
    • Contact for pricing
      1,455 SF

      Prime Retail Space in Philadelphia

      Located in Center City's office district with high pedestrian traffic.
      1525 Chestnut St, Philadelphia, PA 19102
      View Details
    • Contact for pricing
      692 SF

      Retail Space on Walnut Street

      Retail space available for rent on Walnut Street.
      1521 Walnut St, Philadelphia, PA 19102
      View Details
    • Contact for pricing
      5,522 SF

      Bellevue Adjacent Retail/Office Space

      5,522 SF 2nd floor retail/office space in Philadelphia, PA.
      1401 Walnut St, Philadelphia, PA 19102
      View Details
    • Contact for pricing
      2,262 SF

      Retail Space on Walnut Street

      Second floor retail space available on Philadelphia's premier retail corridor.
      1519 Walnut St, Philadelphia, PA 19102
      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.
    33 S 16Th St
    Philadelphia, PA 19102
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.