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

    4613 Spruce St Philadelphia, PA 19139-4567

    • Apartment buildings
    • 3,200 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    9.5%
    Apartment buildings
    Location Intelligence
    Property ID
    US73-1966622
    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

    • Apartment buildings

    Property Details for 4613 Spruce St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    3,200 SF
    Zone code
    RSA3
    Property type
    Apartment buildings
    APN
    88-1-7001-00
    APU
    881700100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $530,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $840,000
      6.5%
      $775,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $569,000
      Market price range: $164k - $569k
      AI Estimate
      $399,000
      Market price range: $103k - $400k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $365,000
      Current use
      OFFICE BUILDING
      $815,000
      Change: +124% Conversion: Moderate
      MEDICAL BUILDING
      $785,000
      Change: +116% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $595,000
      Change: +63% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $505,000
      Change: +39% Conversion: Difficult
      WAREHOUSE, STORAGE
      $410,000
      Change: +13% Conversion: Difficult
      RETAIL STORES
      $355,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.2146
    Latitude
    39.9535
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,223
    $219,090
    $511,210
    $730,300
    -
    $219,090
    $511,210
    $730,300

    Comparable in this City

    • Value Estimation by Request

      247 Gross St

      APARTMENT HOUSE (5+ UNITS)
      247 Gross St, Philadelphia, PA 19139-1017
      View Details
    • Value Estimation
      $2,300,000
      24,426 SF

      133 46th St, Unit 35

      APARTMENT HOUSE (5+ UNITS) • 24,426 SF
      133 46th St, Philadelphia, PA 19139-3778
      View Details
    • Value Estimation
      $9,175,000
      97,500 SF

      230 57th St, Unit 42

      APARTMENT HOUSE (5+ UNITS) • 97,500 SF
      230 57th St, Philadelphia, PA 19139-1253
      View Details
    • Value Estimation
      $2,845,000
      30,249 SF

      5438 Vine St, Unit 48

      APARTMENT HOUSE (5+ UNITS) • 30,249 SF
      5438 Vine St, Philadelphia, PA 19139-2040
      View Details
    • Value Estimation by Request
      0.21 Acres

      5318 Market St, Unit 28

      APARTMENT HOUSE (5+ UNITS) • 0.21 Acres
      5318 Market St, Philadelphia, PA 19139-3377
      View Details
    • Value Estimation
      $1,405,000
      33,665 SF

      736 46th St, Unit 58

      APARTMENT HOUSE (5+ UNITS) • 33,665 SF
      736 46th St, Philadelphia, PA 19139-1911
      View Details

    Similar Nearby for Sale

    • $1,600,000
      6,000 SF

      West Philly Multifamily Investment

      8-unit apartment building, value-add opportunity.
      257 46Th St, Philadelphia, PA 19139
      View Details
    • $289,820
      1,348 SF

      Renovated Duplex in Haddington

      Turnkey duplex in Philadelphia's Haddington neighborhood, ideal for investment.
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    • $379,900
      2,175 SF

      Renovated Duplex Near 52nd Street

      Renovated duplex with spacious units, convenient location, and potential retail space.
      5227 Walnut St, Philadelphia, PA 19139
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    • $175,000
      1,336 SF

      Renovated Duplex Pair For Sale

      Two renovated duplexes, fully rented, offer income potential.
      6041 Vine Street Expy, Philadelphia, PA 19139
      View Details
    • $595,000
      2,700 SF

      Modern Triplex in West Philadelphia

      New construction triplex in a high-growth Philadelphia corridor.
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    • $194,580

      Turnkey Philadelphia Duplex Investment

      Fully occupied duplex with modern amenities, generating immediate cash flow.
      243 N Robinson St, Philadelphia, PA 19139
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    Similar Nearby for Lease

    • $1,775 /Mo

      Spacious 3-Bedroom Apartment in Philadelphia

      Conveniently located 3-bedroom apartment near University City and Penn Hospital.
      217 S 47Th St, Philadelphia, PA 19139
      View Details
    • $2,250 /Mo
      1,600 SF

      Spacious Five-Bedroom West Philadelphia Home

      Comfortable, renovated five-bedroom home in West Philadelphia near amenities.
      142 N 53Rd St, Philadelphia, PA 19139
      View Details
    • $2,200 /Mo

      Renovated Townhome in Walnut Hill

      Move-in ready townhome with modern amenities, convenient location.
      5009 Irving St, Philadelphia, PA 19139
      View Details
    • $1,500 /Mo
      1,914 SF

      West Philly Home For Rent

      Home for rent in West Philly, convenient to transportation.
      10 S 62Nd St, Philadelphia, PA 19139
      View Details
    • $12 SF/Yr
      3,000 SF

      Walnut Street Retail Space - Philly

      Prime Philly Retail/Office Space. Ready for Occupancy.
      5118 Walnut St, Philadelphia, PA 19139
      View Details
    • $12 SF/Yr
      3,000 SF

      Unique Auditorium Space for Lease

      Creative commercial lease in West Lofts near universities.
      220 S 47Th St, Philadelphia, PA 19139
      View Details
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    4613 Spruce St
    Philadelphia, PA 19139-4567
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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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