Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5122 Walnut St, Unit 24 Philadelphia, PA 19139-4129

    • Day care centers
    • 14,250 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $1,635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1094063
    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

    • Day care centers

    Property Details for 5122 Walnut St

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.16 lot acres
    Property size
    14,250 SF
    Zone code
    RSA5
    Property type
    Day care centers
    APN
    88-2-9000-00
    APU
    882900000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,860,000
      Market price range: $793k - $2.40M
      AI Estimate
      $1,410,000
      Market price range: $454k - $1.57M

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $1,520,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,645,000
      Change: +74% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,250,000
      Change: +48% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,835,000
      Change: +21% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,620,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.2245
    Latitude
    39.9565
    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
    $15,434
    $220,519
    $882,081
    $1,102,600
    -
    $220,519
    $882,081
    $1,102,600

    Comparable in this City

    • Value Estimation by Request
      6,754 SF

      5727 Walnut St, Unit 41

      DAY CARE, PRE-SCHOOL • 6,754 SF
      5727 Walnut St, Philadelphia, PA 19139-3803
      View Details
    • Value Estimation
      $515,000
      7,217 SF

      809 48th St, Unit 43

      DAY CARE, PRE-SCHOOL • 7,217 SF
      809 48th St, Philadelphia, PA 19139-1854
      View Details
    • Value Estimation by Request
      9,077 SF

      5234 Market St, Unit 38

      DAY CARE, PRE-SCHOOL • 9,077 SF
      5234 Market St, Philadelphia, PA 19139-3417
      View Details
    • Value Estimation by Request
      2,240 SF

      5944 Walnut St

      DAY CARE, PRE-SCHOOL • 2,240 SF
      5944 Walnut St, Philadelphia, PA 19139-3838
      View Details
    • Value Estimation by Request
      2,688 SF

      6209 Market St

      DAY CARE, PRE-SCHOOL • 2,688 SF
      6209 Market St, Philadelphia, PA 19139-2923
      View Details
    • Value Estimation by Request
      2,200 SF

      5843 Market St

      DAY CARE, PRE-SCHOOL • 2,200 SF
      5843 Market St, Philadelphia, PA 19139-3115
      View Details

    Similar Nearby for Sale

    • $69,900
      0.03 Acres

      Land For Sale Philadelphia

      Land available for sale in Philadelphia, Pennsylvania.
      4813 Fairmount Ave, Philadelphia, PA 19139
      View Details
    • $39,900
      0.03 Acres

      Land For Sale Philadelphia

      Land available in Philadelphia, PA, offering a development opportunity.
      116 N 56Th St, Philadelphia, PA 19139
      View Details
    • $39,900
      0.04 Acres

      Land in Growing Philadelphia Area

      Land for sale in a rapidly developing Philadelphia location.
      5015 Arch St, Philadelphia, PA 19139
      View Details
    • $595,000
      2,700 SF

      Modern Triplex in West Philadelphia

      New construction triplex in a high-growth Philadelphia corridor.
      5136 Ranstead St, Philadelphia, PA 19139
      View Details
    • $45,000
      0.02 Acres

      Vacant Land in Philadelphia

      RSA5 vacant lot suitable for development in Philadelphia.
      5043 Parrish St, Philadelphia, PA 19139
      View Details
    • $35,000
      0.02 Acres

      Vacant Lot in Philadelphia

      Vacant RSA5 lot suitable for development in Philadelphia.
      4935 Hoopes St, Philadelphia, PA 19139
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $700 /Mo
      1,307 SF

      Prime Storefront in Philadelphia Available

      500 Sq. Ft. storefront available for rent.
      5748 Chestnut 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
    • $22 SF/Yr
      44,000 SF

      Amenity Rich Office Space

      Office space for lease in an amenity-rich location.
      5548 Chestnut St, Philadelphia, PA 19139
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5122 Walnut St, Unit 24
    Philadelphia, PA 19139-4129
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.