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Property profile

614 2nd St Philadelphia, PA 19123

OFF-MARKET
Investment properties
Property ID
US73-5946630
3,641 SF 0.06 ac lot Built 1920
Entity Owned 13-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,641 SF
Lot 0.06 ac (2,794 SF)
Zoning code CMX2.5
APN 87-1-5093-80
UPID US73-5946630

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Restaurant
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$665k
Comparable Approach Comparable
$427k
Blend (final) Blend
$575k

Owner & transaction history

since 2013
2 recorded transactions
2013
$820,000
1969
Price N/A

Zoning & alternative use

CMX2.5 · Philadelphia, PA
Zoning description

CMX-2.5 Neighborhood Commercial Mixed-Use-2.5 Various special district controls CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-…

General category MIXED_USE
Top alternative use upside
Office building $925,000 +16.5%
Medical building $895,000 +12.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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