New search
Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Hotels
500 Stevens Dr, Philadelphia, PA 19113-1610
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1243673
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1991
Total area
343,204 SF
Lot
11.86 ac (516,622 SF)
APN
45-00-00504-06
UPID
US73-1243673
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
Current use
Occupant on record · Public records
-
House of Glory Philly Church Mosque
-
Lounge 1643 at the Delta Hotel Bar & Pub
-
Delta Hotel Philadelphia Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$950k
Owner & transaction history
Neemtree Hotels LLC · 8 yrs held
Neemtree Hotels LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$3 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$529,273
Tax year 2024
Assessed value
$16,744,000
Assessed 2024
Previous assessed
$16,744,000
+0.0% YoY
Effective rate
3.16%
On assessed value
Assessed land
$1,200,000
Assessed improvement
$15,544,000
Total market value
$16,744,000
Applied tax rate
4,505.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1991
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
353
Total area
343,204 SF
Lot
11.86 ac (516,622 SF)
APN
45-00-00504-06
UPID
US73-1243673
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Cooling
Yes
Stories
2
Units
353
Lot
11.86 ac
Current owner
From public records · entity-resolved
Neemtree Hotels LLC
Entity
Mailing address
8194 W DEER VLY RD STE #106, PEORIA, AZ 85382-2127
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
—
Ld Acquisition Company 19 LLC
—
Deed
related
—
Mar 24, 2021
—
Ld Acquisition Company 19 LLC
—
Deed
related
$277,500,000 · Whitney Bank
Feb 16, 2018
—
Neemtree Hotels LLC
—
Deed
related
$47,000,000 · Avana Cap
Dec 21, 2017
—
Neemtree Hotels LLC
Neemtree Hotel LLC
Quit Claim Deed
related
—
Nov 28, 2017
—
Neemtree Hotel LLC
Sheriff Of Delaware Coutny|columbia Properties Phi
Trustees Deed
related
—
Jan 17, 2006
$33,120,000
Columbia Properties Philadelphia Ll
Cs Hotels LP
Quit Claim Deed
related
$40,000,000 · Wachovia Bank NA
—
—
Neemtree Hotels LLC
—
Deed Of Trust
related
$47,000,000 · Avana Cap
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.
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