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Property profile & analytics
OFF-MARKET
Estimated value
$35,820,000
Medical Office Space
3615 Chestnut St 35 Philadelphia, PA 19104-2612
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-1335785
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
109,930 SF
Lot
1.21 ac (52,533 SF)
Zoning code
CMX4
APN
77-3-6855-00
UPID
US73-1335785
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Penn Geriatric Psychiatry Medical Clinic
-
Daniel Weintraub, MD Physician
-
Penn Institute on Aging Research Institute
-
Penn Geriatric Medicine - Ralston Penn Center Physician
-
Stineman Margaret MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.92M
Comparable Approach
Comparable
$26.99M
Blend (final)
Blend
$35.82M
Owner & transaction history
The Mark At Philadelphia LLC · 3 yrs held
The Mark At Philadelphia LLC
since 2023
Last sale
$44.2M
2 recorded transactions
Zoning & alternative use
CMX4 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$34.0M
+26.1%
Apartment house (5+ units)
$31.0M
+14.7%
Office building
$28.0M
+3.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Philadelphia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Philadelphia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$41,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$23,745,000
6.5%
$21,920,000
7%
$20,355,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$26,990,000
Current use
RESTAURANT
$34,040,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$30,950,000
Change: +15% · Conversion: Moderate
OFFICE BUILDING
$27,970,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$35.82M
Range $32.24M – $39.40M · ±10% · vs last sale $44.15M (Jan 11 2023)
Last sale anchor
$44.15M
Jan 11 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$326 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Previous assessed
$15,609,800
Total market value
$15,609,800
Applied tax rate
27.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
109,930 SF
Lot
1.21 ac (52,533 SF)
Zoning code
CMX4
APN
77-3-6855-00
UPID
US73-1335785
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX4 · Philadelphia, PA
Zoning CMX4 · permitted uses
CMX4 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Philadelphia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$27.0M
RESTAURANT
Est. value
$34.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$31.0M
OFFICE BUILDING
Est. value
$28.0M
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
The Mark At Philadelphia LLC
Entity
Free & Clear · 3 yrs held
Mailing address
315 OCONEE ST, ATHENS, GA 30601-3605
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2023
$44,150,000
The Mark At Philadelphia LLC
Ralston House
Special Warranty Deed
—
Jan 11, 2023
—
The Mark At Philadelphia Residentia
The Mark At Philadelphia LLC
Intrafamily Transfer
related
$175,000,000 · First Abu Dhabi Bank USA N V
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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