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

    3706 Aspen St Philadelphia, PA 19104

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1389365
    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 3706 Aspen St

    Property type
    Commercial real estate

    Description

    This exceptional portfolio comprises 30 residential land parcels strategically located throughout Philadelphia, Pennsylvania. The properties are situated across various desirable neighborhoods, including zip codes 19104, 19121, 19122, 19131, 19133, 19134, and 19143, offering a diverse range of development opportunities. Individual lot sizes vary, presenting options for single-family homes, townhouses, or multi-family dwellings. The asking price for the entire portfolio is $1,480,000. This represents a significant investment opportunity in a thriving real estate market. Detailed property records, including precise lot dimensions and addresses, are available upon request. This portfolio presents a unique chance to acquire a substantial land holding in Philadelphia, a city experiencing robust growth and increasing demand for residential properties. The diverse locations within the portfolio allow for a flexible development strategy, catering to various market segments and maximizing investment returns. Don't miss this chance to secure a substantial foothold in the Philadelphia residential real estate market. 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
    -75.1970271
    Latitude
    39.9667913

    Comparable in this City

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      University City Development Land

      Prime Philadelphia land, 18-unit potential.
      3528 Mount Vernon St, Philadelphia, PA 19104
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      University City Duplex with Roof Deck

      Well-maintained duplex in University City, ideal for living and income.
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      Philadelphia Quadplex Near Fairmount Park

      Turnkey quadplex near Philadelphia Zoo and Fairmount Park.
      3846 W Girard Ave, Philadelphia, PA 19104
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    • $1,999,000
      0.05 Acres

      Luxury Multifamily Investment Near Universities

      Five-unit multifamily property near UPenn and Drexel with luxury finishes.
      4059 Baring St, Philadelphia, PA 19104
      View Details

    Similar Nearby for Sale

    • $49,900
      0.02 Acres

      Philadelphia RM1 Lot For Sale

      Residential multi-family lot, perfect for building a duplex.
      932 N 45Th St, Philadelphia, PA 19104
      View Details
    • $39,000
      0.01 Acres

      Philadelphia RM1 Lot For Sale

      Residential multi-family lot suitable for building a duplex.
      4002 Ogden St, Philadelphia, PA 19104
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    • $900,000

      University City Development Land

      Prime Philadelphia land, 18-unit potential.
      3528 Mount Vernon St, Philadelphia, PA 19104
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    • $599,800
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      University City Duplex with Roof Deck

      Well-maintained duplex in University City, ideal for living and income.
      408 N Wiota St, Philadelphia, PA 19104
      View Details
    • $375,000
      1,996 SF

      Philadelphia Quadplex Near Fairmount Park

      Turnkey quadplex near Philadelphia Zoo and Fairmount Park.
      3846 W Girard Ave, Philadelphia, PA 19104
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    • $1,999,000
      0.05 Acres

      Luxury Multifamily Investment Near Universities

      Five-unit multifamily property near UPenn and Drexel with luxury finishes.
      4059 Baring St, Philadelphia, PA 19104
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo

      Renovated Townhouse Near University City

      Charming 2BR/1.5BA townhouse near Drexel, Penn, and University City.
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      University City First Floor Unit

      One-bedroom, one-bath unit in University City with shared amenities.
      521 S 41St St, Philadelphia, PA 19104
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      Spacious Philadelphia Apartment with Rooftop

      Five-bedroom apartment with rooftop deck in Philadelphia.
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      Renovated Home in West Philadelphia

      Spacious, renovated home in West Philadelphia, Section 8 vouchers accepted.
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    • Contact for pricing
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      Locust Street Retail Opportunity

      Philadelphia, PA: 3,520 sq ft retail space.
      4040 Locust St, Philadelphia, PA 19104
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      Prime Chestnut Street Retail Space

      22,950 SF Retail, Philadelphia, PA
      3701 Chestnut St, Philadelphia, PA 19104
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    3706 Aspen St
    Philadelphia, PA 19104
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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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