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

    4700 City Ave Philadelphia, PA 19131-1500

    • Apartment buildings
    • 291,026 SF
    • 6.80 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2022
    $88,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1543754
    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

    • Mansion At Bala / Apartment Building / Apartment Complex
    • Pruett / Apartment Building
    • Puppies for people / Pet Store
    • Winther Investments / Bank / Credit Union

    Property Details for 4700 City Ave

    Year built
    1847
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.80 lot acres
    Property size
    291,026 SF
    Zone code
    RSD3
    Property type
    Apartment buildings
    APN
    88-1-1551-52
    APU
    881155152

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $76,295,000
      6.5%
      $70,425,000
      7%
      $65,395,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $80,945,000
      Current use
      RESTAURANT
      $90,115,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $74,045,000
      Change: -9% Conversion: Moderate
      MEDICAL BUILDING
      $71,460,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.2246
    Latitude
    40.0013
    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
    $846,052
    $18,132,270
    $42,308,630
    $60,440,900
    -
    $18,132,270
    $42,308,630
    $60,440,900

    Comparable in this City

    • Value Estimation
      $12,535,000
      86,400 SF

      2331 58th St

      APARTMENT HOUSE (5+ UNITS) • 86,400 SF
      2331 58th St, Philadelphia, PA 19131-1263
      View Details
    • Value Estimation
      $15,020,000
      132,714 SF

      2237 Bryn Mawr Ave

      APARTMENT HOUSE (5+ UNITS) • 132,714 SF
      2237 Bryn Mawr Ave, Philadelphia, PA 19131-2514
      View Details
    • Value Estimation by Request
      210,738 SF

      3950 City Ave

      APARTMENT HOUSE (100+ UNITS) • 210,738 SF
      3950 City Ave, Philadelphia, PA 19131
      View Details
    • Value Estimation
      $40,035,000
      260,237 SF

      3939 Conshohocken Ave

      APARTMENT HOUSE (100+ UNITS) • 260,237 SF
      3939 Conshohocken Ave, Philadelphia, PA 19131-5400
      View Details
    • Value Estimation
      $4,520,000
      56,530 SF

      2001 54th St, Unit 11

      APARTMENT HOUSE (5+ UNITS) • 56,530 SF
      2001 54th St, Philadelphia, PA 19131-2340
      View Details
    • Value Estimation
      $3,025,000
      37,835 SF

      1702 52nd St, Unit 16

      APARTMENT HOUSE (5+ UNITS) • 37,835 SF
      1702 52nd St, Philadelphia, PA 19131-3600
      View Details

    Similar Nearby for Sale

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      Wynnefield Heights Residence with Roofdeck

      Chic 3 bed, 2 bath residence with private roofdeck.
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      Spacious Condo with Included Utilities

      Two-bedroom, two-bath condo with utilities included and updated features.
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      Historic Overbrook Farms Investment Opportunity

      Six-unit rental property with architectural pedigree in desirable Overbrook Farms.
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      Renovated Duplex in Philadelphia

      Fully renovated duplex with strong rental potential and immediate cash-flow.
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      Philadelphia Duplex with Investment Potential

      Legal duplex offering investment or owner-occupancy opportunity in Philadelphia.
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    Similar Nearby for Lease

    • $1,250 /Mo

      West Philadelphia One-Bedroom Apartment

      Cozy 1-bedroom apartment in West Philadelphia, available for immediate occupancy.
      5315 Master St St #1, Philadelphia, PA 19131
      View Details
    • $1,325 /Mo

      Updated Apartment with Large Yard

      Updated 2-bedroom apartment in Carroll Park with in-unit laundry.
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      View Details
    • $1,850 /Mo
      972 SF

      Renovated West Philadelphia Home

      Updated 2 bed, 2 bath home with rent-to-own option.
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      View Details
    • Contact for pricing
      76,039 SF

      Monument Plaza Retail Space

      Philadelphia Retail Opportunity: 3 Spaces Available
      4160 Monument Rd, Philadelphia, PA 19131
      View Details
    • $5,100 /Mo
      41,818 SF

      Retail Space in Wynnefield

      New retail space in a growing residential Philadelphia neighborhood.
      1818 N 53Rd St, Philadelphia, PA 19131
      View Details
    • Contact for pricing
      2,650 SF

      City Avenue Retail Endcap Space

      Prime Philadelphia Retail Opportunity: 2,650 SF Available
      4040 City Ave, Philadelphia, PA 19131
      View Details

    Property Visit Statistics

    • Visits by month
      5.2k
    • Visitors by month
      4.1k
    • Avg Time on site
      12 min
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    4700 City Ave
    Philadelphia, PA 19131-1500
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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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