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    6201 Park Ave Philadelphia, PA 19141-3300
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    Property profile & analytics

    6201 Park Ave, Philadelphia, PA 19141-3300

    View on Map
    • Apartment buildings
    • 17,898 SF
    • 0.43 lot acres
    Off-Market
    Property ID
    US73-0205586
    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
    $3,110,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Park Manor Apartments / Apartment Building

    Property Details for 6201 Park Ave

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.43 lot acres
    Zone code
    RSA2
    Property type
    Apartment buildings
    APN
    88-1-0743-00
    APU
    881074300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 12, 2021 — Park Manor 2006 LP — Deed · related $2M · New York Cmnty Bk
    Aug 13, 2016 — Park Manor 2006 LP — Deed · related $1.3M · Peapack Gladstone Bk
    Feb 16, 2007 $1,000,000 Park Manor 2006 Mazer,robert Grant Deed $880k · Sovereign Bank
    — — Park Manor 2006 LP — Deed Of Trust · related $1.3M · Peapack Gladstone Bk
    — — Park Manor 2006 LP — Deed Of Trust · related $900k · New York Community Bank
    — — Park Manor 2006 LP — Deed Of Trust · related $2M · New York Cmnty Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,690,000
      6.5%
      $4,330,000
      7%
      $4,020,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,980,000
      Current use
      OFFICE BUILDING
      $4,555,000
      Change: -9% Conversion: Moderate
      MEDICAL BUILDING
      $4,395,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1413
    Latitude
    40.0479
    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
    $20,005
    $428,730
    $1,000,370
    $1,429,100
    -
    $428,730
    $1,000,370
    $1,429,100

    Comparable in this City

    • Value Estimation
      $4,615,000
      25,964 SF

      5101 12th St, Unit 7

      APARTMENT HOUSE (5+ UNITS)
      5101 12th St, Philadelphia, PA 19141-2846
      View Details
    • Value Estimation
      $9,215,000
      45,520 SF

      1100 Godfrey Ave

      APARTMENT HOUSE (100+ UNITS)
      1100 Godfrey Ave, Philadelphia, PA 19141-3351
      View Details
    • Value Estimation
      $900,000
      5,608 SF

      1515 Grange Ave

      APARTMENT HOUSE (5+ UNITS)
      1515 Grange Ave, Philadelphia, PA 19141-2525
      View Details
    • Value Estimation
      $750,000
      6,800 SF

      1311 Medary Ave

      APARTMENT HOUSE (5+ UNITS)
      1311 Medary Ave, Philadelphia, PA 19141-3340
      View Details
    • Value Estimation
      $1,105,000
      7,515 SF

      1412 Windrim Ave, Unit 18

      APARTMENT HOUSE (5+ UNITS)
      1412 Windrim Ave, Philadelphia, PA 19141-2221
      View Details
    • Value Estimation
      $565,000
      2,400 SF

      6230 15th St

      APARTMENT HOUSE (5+ UNITS)
      6230 15th St, Philadelphia, PA 19141-2006
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Investment Property Opportunity

      Income-producing property with commercial space and residential apartments.
      4828 Old York Rd, Philadelphia, PA 19141
      View Details
    • New
      $1,800,000
      36,080 SF

      Approved 111-Unit Apartment Development

      Approved for 111 apartments with off-street parking, plus an existing income stream from a portion of the site.
      1950 E Logan St, Philadelphia, PA 19141
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    • Contact for pricing
      30,624 SF

      41 Apartment Units in Philadelphia

      Portfolio of 41 apartment units across three properties.
      4825 N Camac St, Philadelphia, PA 19141
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    • $215,000
      1,944 SF

      Mixed-Use Investment Opportunity

      Three-unit mixed-use building in commercial district, renovations needed.
      5917 Old York Rd, Philadelphia, PA 19141
      View Details
    • New
      $119,950
      1,600 SF

      Ogontz Twin Duplex For Sale

      Twin duplex in Philadelphia's Ogontz section, each unit with 2BR/1BA.
      1511 W Nedro Ave, Philadelphia, PA 19141
      View Details
    • New
      $235,000
      1,540 SF

      Two-Unit Duplex Investment

      Well maintained duplex with two two-bedroom units and separate utilities, currently occupied by reliable tenants.
      5731 N 12Th St, Philadelphia, PA 19141
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,646 SF

      Philadelphia Office Space Available

      Office space available for rent in Philadelphia.
      5210-5218 N Broad St, Philadelphia, PA 19141
      View Details
    • Contact for pricing
      1,150 SF

      LTC Facilities Available For Lease

      Two standalone LTC facilities with existing amenities available for lease.
      5201 Old York Rd, Philadelphia, PA 19141
      View Details
    • $2,500 /Mo
      2,788 SF

      Modern Commercial Space in Philadelphia

      Dynamic commercial property in Philadelphia's Logan neighborhood for rent.
      1323 Lindley Ave, Philadelphia, PA 19141
      View Details
    • Contact for pricing

      Sub-Street Level Opportunity For Rent

      Sub-street level space ideal for social halls, gyms, and events.
      1342B Chew Ave W, Philadelphia, PA 19141
      View Details
    • Contact for pricing
      3,000 SF

      Philadelphia Office Sublease Opportunity

      Office space available for sublease in Philadelphia.
      1335 W Tabor Rd, Philadelphia, PA 19141
      View Details
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    Philadelphia, PA 19141-3300
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    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
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