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

    3301 Emerald St Philadelphia, PA 19134

    • Commercial real estate
    For Sale
    View listing
    $65,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1212327
    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

    • Commercial real estate

    Property Details for 3301 Emerald St

    Property type
    Commercial real estate

    Description

    This exceptional 0.02-acre lot in Philadelphia's desirable Port Richmond neighborhood (zip code 19134) presents a unique opportunity for developers and investors. Priced at $65,000, this property is zoned RSA5 and comes with approved plans for a three-unit building, specifically a duplex featuring two distinct units. The included architectural drawings detail a three-bedroom, two-bathroom unit and a three-bedroom, three-bathroom unit. This is a turnkey opportunity to capitalize on the strong demand for residential properties in this thriving area. All necessary zoning approvals are in place, eliminating significant hurdles in the development process. The comprehensive plans included in the sale significantly reduce the time and expense typically associated with new construction projects. Located at 3301 Emerald Street, this lot offers convenient access to local amenities, transportation, and the vibrant Port Richmond community. Don't miss this chance to acquire a ready-to-build lot with pre-approved plans, streamlining your path to a profitable investment. Act quickly, as opportunities like this are rare.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.108818151187
    Latitude
    39.99534064443

    Comparable in this City

    • $1,700,000

      Port Richmond QOZ Development Site

      17-Unit Townhouse Project, Approved Plans
      2811 Kingston St, Philadelphia, PA 19134
      View Details
    • $250,000
      0.04 Acres

      Four-Unit Building with Commercial Zoning

      Meticulously maintained four-unit building with commercial zoning in Philadelphia.
      3204 Frankford Ave, Philadelphia, PA 19134
      View Details
    • $577,000
      2,296 SF

      New Construction Multi-Family Home

      Modern 2-unit home in desirable Port Richmond neighborhood.
      2821 Livingston St, Philadelphia, PA 19134
      View Details
    • $199,999
      996 SF

      Renovated Home in Port Richmond

      Fully renovated 3BR/1.5 Bath home with central AC.
      2957 Janney St, Philadelphia, PA 19134
      View Details
    • $415,000
      1,312 SF

      Unique Duplex with Premium Finishes

      Meticulously built duplex with solid rental income potential.
      3252 Miller St, Philadelphia, PA 19134
      View Details
    • $119,900
      728 SF

      Residential Property in Philadelphia

      Residential property with 728 square feet of space.
      3450 Tampa St, Philadelphia, PA 19134
      View Details

    Similar Nearby for Sale

    • $1,700,000

      Port Richmond QOZ Development Site

      17-Unit Townhouse Project, Approved Plans
      2811 Kingston St, Philadelphia, PA 19134
      View Details
    • $250,000
      0.04 Acres

      Four-Unit Building with Commercial Zoning

      Meticulously maintained four-unit building with commercial zoning in Philadelphia.
      3204 Frankford Ave, Philadelphia, PA 19134
      View Details
    • $577,000
      2,296 SF

      New Construction Multi-Family Home

      Modern 2-unit home in desirable Port Richmond neighborhood.
      2821 Livingston St, Philadelphia, PA 19134
      View Details
    • $199,999
      996 SF

      Renovated Home in Port Richmond

      Fully renovated 3BR/1.5 Bath home with central AC.
      2957 Janney St, Philadelphia, PA 19134
      View Details
    • $415,000
      1,312 SF

      Unique Duplex with Premium Finishes

      Meticulously built duplex with solid rental income potential.
      3252 Miller St, Philadelphia, PA 19134
      View Details
    • $149,900
      1,680 SF

      Renovated Kensington Townhouse Investment Opportunity

      Renovated 1935 townhouse with finished basement, ideal for investors.
      2939 Ella St, Philadelphia, PA 19134
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo

      Charming Apartment with Basement Access

      Spacious 2-bedroom apartment with basement access for rent.
      3434 H St, Philadelphia, PA 19134
      View Details
    • $1,495 /Mo

      Well-Maintained Rowhome in Port Richmond

      3 bed, 1 bath rowhome with modern amenities.
      2944 Cedar St, Philadelphia, PA 19134
      View Details
    • $1,400 /Mo
      1,052 SF

      Charming Home Near Campbell Square

      Two-bedroom home near park, shops, and neighborhood favorites.
      3258 Livingston St, Philadelphia, PA 19134
      View Details
    • $1,200 /Mo
      55,757 SF

      Office Studio in Jasper Studios

      Office studio in Philadelphia's Jasper Studios, ready for immediate occupancy.
      2930 Jasper St, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      7,350 SF

      Industrial Warehouse Space Available

      7,350 SF warehouse space for rent in Philadelphia.
      3381 Richmond St, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      6,500 SF

      Industrial Warehouse Space Available

      6,500 SF warehouse space for rent in Philadelphia.
      2930 E Ontario St, Philadelphia, PA 19134
      View Details
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    3301 Emerald St
    Philadelphia, PA 19134
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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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