Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5616 Chestnut St, Unit 36 Philadelphia, PA 19139-3232

    Property Lookup

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

    5616 Chestnut St, Unit 36 Philadelphia, PA 19139-3232

    View on Map
    • Hospitals
    • 18,340 SF
    • 0.43 lot acres
    Off-Market
    Last Sale May 23, 2022
    $1,500,000
    Property ID
    US73-2463876
    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.
    Value Estimations
    $1,540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitals

    Property Details for 5616 Chestnut St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.43 lot acres
    Property size
    18,340 SF
    Zone code
    CMX2
    Property type
    Hospitals
    APN
    77-3-0165-00
    APU
    773016500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,790,000
      Market price range: $611k - $3.18M

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.2342
    Latitude
    39.9593
    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
    $13,099
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $1,671,000

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      275 52nd St

      HOSPITAL - PRIVATE • 1,500 SF
      275 52nd St, Philadelphia, PA 19139
      View Details
    • Value Estimation by Request
      1,500 SF

      273 52nd St

      HOSPITAL - PRIVATE • 1,500 SF
      273 52nd St, Philadelphia, PA 19139-4108
      View Details
    • Value Estimation
      $2,060,000
      12,000 SF

      5201 Haverford Ave, Unit 15

      HOSPITAL - PRIVATE • 12,000 SF
      5201 Haverford Ave, Philadelphia, PA 19139-1401
      View Details
    • Value Estimation
      $8,230,000
      63,749 SF

      4508 Chestnut St, Unit 38

      MEDICAL CLINIC • 63,749 SF
      4508 Chestnut St, Philadelphia, PA 19139-3608
      View Details
    • Value Estimation
      $2,180,000
      12,696 SF

      225 63rd St

      MEDICAL CLINIC • 12,696 SF
      225 63rd St, Philadelphia, PA 19139-3723
      View Details
    • Value Estimation by Request
      6,859 SF

      5644 Walnut St, Unit 46

      HOMES (RETIRED, NURSING) • 6,859 SF
      5644 Walnut St, Philadelphia, PA 19139-3920
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.02 Acres

      Vacant Land in Philadelphia

      Vacant land available for sale in Philadelphia, Pennsylvania.
      5048 Ogden St, Philadelphia, PA 19139
      View Details
    • Contact for pricing

      Land for Sale Philadelphia

      Land available in Philadelphia, Pennsylvania.
      4929 Reno St, Philadelphia, PA 19139
      View Details
    • Contact for pricing
      0.02 Acres

      Land Near Market Street

      Land for sale in a rapidly developing Philadelphia location.
      17 N Yewdall St, Philadelphia, PA 19139
      View Details
    • $98,000
      0.05 Acres

      Vacant Lot in West Philly

      Vacant lot in West Philly with CMX2 zoning.
      275 S 62Nd St, Philadelphia, PA 19139
      View Details
    • Contact for pricing
      0.02 Acres

      West Philly Buildable Lot

      Buildable lot in West Philadelphia, close to transportation and amenities.
      139 N Yewdall St, Philadelphia, PA 19139
      View Details
    • $139,900
      0.05 Acres

      Land For Sale Philadelphia

      Commercial land available in Philadelphia, Pennsylvania.
      5726 Market St, Philadelphia, PA 19139
      View Details

    Similar Nearby for Lease

    • $1,500 /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
    • $22 SF/Yr

      Amenity Rich Office Space

      Office space for lease in a desirable, amenity-rich location.
      5548 Chestnut 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
    • $700 /Mo
      1,263 SF

      Prime Storefront in Philadelphia

      500 Sq. Ft. storefront available for rent.
      5748 Chestnut St, Philadelphia, PA 19139
      View Details
    • $2,500 /Mo

      Commercial Space for Rent

      Commercial space available for rent in Philadelphia, PA.
      262 S 60Th St, Philadelphia, PA 19139
      View Details

    Property Visit Statistics

    • Visits by month
      39.1k
    • Visitors by month
      24.6k
    • Avg Time on site
      18 min
    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.
    5616 Chestnut St, Unit 36
    Philadelphia, PA 19139-3232
    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

    Thank You for Inquiry

    5616 Chestnut St, Philadelphia, PA, 19139

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!