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Property profile & analytics
OFF-MARKET Estimated value $11,730,000
Office buildings

416 Spg Gdn St 38 Philadelphia, PA 19123-2819

354,991 SF 1.5 ac lot Built 1925
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US73-1359166
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 354,991 SF
Lot 1.5 ac (65,340 SF)
Zoning code CMX3
APN 88-3-5230-10
UPID US73-1359166
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.81M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.73M
Owner & transaction history
Spring Philadelphia Owner LLC · 4 yrs held
Spring Philadelphia Owner LLC
since 2022
Last sale
$12.8M
2 recorded transactions
2022
$12.8M
2022
Price N/A
Zoning & alternative use
CMX3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a general, relative indication of the range of uses and acti…

Zone name Community Commercial Mixed Use
General category MIXED_USE
Zone area 2,102.81 ac
Source TITLE 14. ZONING AND PLANNING
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