Financial
Distress signals
Property profile

615 Chestnut St Philadelphia, PA 19106

FOR LEASE
Office buildings
Property ID
US73-3219185
375,396 SF 1.01 ac lot Built 1980
Last sale Jan 1998 · $6,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This office space is located within the Philadelphia Life building at 615 Chestnut St, Philadelphia, Pennsylvania 19106. The leased office area is configured to accommodate a range of interior sizes, from approximately 2,000 to 18,673 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$917k
Tax billed · 2023
Assessed value$65.53M
Assessed land$13.36M
Assessed improvement$52.18M
Effective rate1.40%

Value estimate

· Sep 2026
$42.95M
$38.66M – $47.25M
Submarket $/SF estimate$45.95M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$281/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$182 – $392

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CMX5
CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >>...
General categoryMIXED_USE
JurisdictionPHILADELPHIA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store23.4
Pet Grooming Service12.7
Veterinary Clinic11.9

Location

615 Chestnut St Philadelphia, PA 19106
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
27-29 3rd, Philadelphia, PA 19106 $1,650,000 May 2023 8,811 SF
232 4th, Philadelphia, PA 19106-3704 $2,700,000 Dec 2021 6,885 SF
223 Market, Philadelphia, PA 19106-4502 $2,975,000 Oct 2021 24,157 SF
222 Walnut, Philadelphia, PA 19106-3943 $4,800,000 Apr 2021 30,501 SF
117 8th, Philadelphia, PA 19106-1506 $8,300,000 Apr 2019 56,704 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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