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

    516 21st St Philadelphia, PA 19130-3812

    • Parking lots & garages
    • 108,364 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4410605
    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

    • Philly's Computer Guru / Tech Support Center / IT Consulting Firm

    Property Details for 516 21st St

    Year built
    2015
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.46 lot acres
    Property size
    108,364 SF
    Zone code
    RSA5
    Property type
    Parking lots & garages
    APN
    88-1-5532-70
    APU
    881553270

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $150,392,000
      Market price range: $26.5M - $283M
      AI Estimate
      $139,849,000
      Market price range: $62.0M - $181M

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.173
    Latitude
    39.9639
    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
    $13,998
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $10,000,000

    Comparable in this City

    • Value Estimation by Request
      150 SF

      1732 Fairmount Ave, Unit P14

      RESIDENTIAL PARKING GARAGE • 150 SF
      1732 Fairmount Ave, Philadelphia, PA 19130-2812
      View Details
    • Value Estimation by Request
      150 SF

      1732 Fairmount Ave, Unit P10

      RESIDENTIAL PARKING GARAGE • 150 SF
      1732 Fairmount Ave, Philadelphia, PA 19130-2812
      View Details
    • Value Estimation by Request
      150 SF

      1732 Fairmount Ave, Unit P13

      RESIDENTIAL PARKING GARAGE • 150 SF
      1732 Fairmount Ave, Philadelphia, PA 19130-2812
      View Details
    • Value Estimation by Request
      272 SF

      2033 Parrish St

      PARKING GARAGE, PARKING STRUCTURE • 272 SF
      2033 Parrish St, Philadelphia, PA 19130
      View Details
    • Value Estimation by Request
      144 SF

      2301 Grn Stc

      RESIDENTIAL PARKING GARAGE • 144 SF
      2301 Grn Stc, Philadelphia, PA 19130-3143
      View Details
    • Value Estimation by Request
      144 SF

      2301 Grn Stb

      RESIDENTIAL PARKING GARAGE • 144 SF
      2301 Grn Stb, Philadelphia, PA 19130-3143
      View Details

    Similar Nearby for Sale

    • $649,000
      3,820 SF

      Mixed-Use Building in Fairmount

      Fully leased mixed-use building in Philadelphia's Fairmount neighborhood.
      1641 W Girard Ave, Philadelphia, PA 19130
      View Details
    • New
      $550,000
      3,084 SF

      Mixed-Use Triplex on Girard Avenue

      Mixed-use property with commercial and residential units, income potential.
      2804 W Girard Ave, Philadelphia, PA 19130
      View Details
    • $1,550,000
      5,280 SF

      Fairmount 5-Unit Multifamily Investment

      Prime Philadelphia multifamily, high ROI.
      825 Corinthian Ave, Philadelphia, PA 19130
      View Details
    • $699,900
      2,865 SF

      Fairmount Mixed-Use Investment Opportunity

      Income-producing property with commercial space and two apartments in Philadelphia.
      2840 W Girard Ave, Philadelphia, PA 19130
      View Details
    • $1,950,000
      8,180 SF

      Fairmount Ave Restaurant - $1.95M

      Historic Philly Restaurant, 8180 SF
      2301 Fairmount Ave, Philadelphia, PA 19130
      View Details
    • Contact for pricing

      Retail Space in Core Neighborhood

      3,468 SF retail space in a desirable location.
      1943-45 Shamokin St, Philadelphia, PA 19130
      View Details

    Similar Nearby for Lease

    • $295 SF/Yr
      300 SF

      Gated Parking Spot For Rent

      Gated private parking spot available for rent in Philadelphia.
      2441 Fairmount Unit Parking Spot, Philadelphia, PA 19130
      View Details
    • Contact for pricing
      275,441 SF

      Philadelphia Retail Center Investment Opportunity

      Prime Philadelphia retail space, multiple units available.
      2000 Hamilton St, Philadelphia, PA 19130
      View Details
    • $1,500 /Mo
      871 SF

      Retail Space in Philadelphia, PA

      Retail property available for lease in Philadelphia, Pennsylvania.
      1505 Spring Garden St, Philadelphia, PA 19130
      View Details
    • $8,500 /Mo
      6,534 SF

      Bi-Level Corner Restaurant/Bar Space

      Bi-level corner restaurant/bar with outdoor area in Art Museum.
      2633 Poplar St, Philadelphia, PA 19130
      View Details
    • New
      $2,350 /Mo
      1,307 SF

      Retail/Office Space in Philadelphia

      Ground floor retail/office space in a growing Philadelphia neighborhood.
      2737 W Girard Ave, Philadelphia, PA 19130
      View Details
    • New
      $1,800 /Mo
      6,534 SF

      Ridge Avenue Retail Space Available

      Move-in ready retail space in thriving Fairmount/Francisville neighborhood.
      1533 Ridge Ave, Philadelphia, PA 19130
      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.
    516 21st St
    Philadelphia, PA 19130-3812
    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.