Back to Search
Property profile & analytics
FOR SALE
Apartment buildings
4520 Spruce St Philadelphia, PA 19139
Entity Owned
9-yr Hold
Free & Clear
Property ID
US73-0262668
For Sale
1 / 11
$900,000
4520 Spruce St, Philadelphia, PA 19139
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,640 SF
Lot
0.11 ac (4,720 SF)
Zoning code
RTA1
APN
88-1-7007-80
UPID
US73-0262668
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$809k
Blend (final)
Blend
$725k
Owner & transaction history
Grey Gables Mc LP · 9 yrs held
Grey Gables Mc LP
since 2016
1 recorded transaction
Zoning & alternative use
RTA1 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ed-2 R4 RSA-3 Residential Single-Family Attached-3 R5 RSA-4 Residential Single-Family Attached-4 R6 R7 RSA-5 Residential Single-Family Attached-5 R9A R10A R20 RSA-6 Residential Single-Family Attached-6 NA (new district) RTA-1 Residential Two-Family Attached-1 R5A RTA-2 Residential Two-Family Attached-2 NA (new district) RM-1 Residential Multi-Family-1 R8 R9…
Zone name
Residential Two Family Attached
General category
RESIDENTIAL
Zone area
445.37 ac
Top alternative use upside
Office building
$1.2M
+124.0%
Medical building
$1.1M
+116.1%
Neighborhood: shopping center
$860,000
+63.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$525,000
Current use
OFFICE BUILDING
$1,180,000
Change: +124% · Conversion: Moderate
MEDICAL BUILDING
$1,140,000
Change: +116% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$730,000
Change: +39% · Conversion: Difficult
WAREHOUSE, STORAGE
$600,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$515,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
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
$156 / 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
Tax billed
$8,592
Tax year 2023
Assessed value
$613,800
Assessed 2023
Previous assessed
$613,800
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$184,140
Assessed improvement
$429,660
Land market value
$184,140
Improvement market value
$429,660
Total market value
$613,800
Applied tax rate
46.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Total area
4,640 SF
Lot
0.11 ac (4,720 SF)
Zoning code
RTA1
APN
88-1-7007-80
UPID
US73-0262668
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RTA1 · Philadelphia, PAZoning RTA1 · permitted uses
RTA1 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ed-2 R4 RSA-3 Residential Single-Family Attached-3 R5 RSA-4 Residential Single-Family Attached-4 R6 R7 RSA-5 Residential Single-Family Attached-5 R9A R10A R20 RSA-6 Residential Single-Family Attached-6 NA (new district) RTA-1 Residential Two-Family Attached-1 R5A RTA-2 Residential Two-Family Attached-2 NA (new district) RM-1 Residential Multi-Family-1 R8 R9 R10 R10B R18 R19 RM-2 Residential Multi-Family-2 R11 R11A R12 R13 RM-3 Residential Mu
Zone name
Residential Two Family Attached
General category
RESIDENTIAL
Zone area
445.37 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$525,000
OFFICE BUILDING
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$600,000
RETAIL STORES
Est. value
$515,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
1925
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Grey Gables Mc LP
Entity
Free & Clear · 9 yrs held
Mailing address
2220 FAIRMOUNT AVE, PHILADELPHIA, PA 19130-2617
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2016
$710,000
Grey Gables Mc LP
Boni,claude & Sandra
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
