Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    624 Snyder Ave Philadelphia, PA 19148-2419
    Back to Search
    Property profile & analytics

    624 Snyder Ave, Philadelphia, PA 19148-2419

    View on Map
    • Hospitals
    • 1,124 SF
    • 0.02 lot acres
    Off-Market
    Last Sale Dec 28, 2023
    $625,000
    Property ID
    US73-0248435
    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
    $610,000
    Show details
    Cap Rate Potential
    2.5%
    Hospitals
    Location Intelligence

    Current Use by Public Records

    • Hospitals

    Property Details for 624 Snyder Ave

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.02 lot acres
    Zone code
    CMX1
    Property type
    Hospitals
    APN
    88-2-9658-35
    APU
    882965835

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2023 $625,000 Southeast Asian Mutual Assistance A 624 628 Snyder LLC Deed $580k · Nonprofit Financing Fund
    Nov 24, 2021 $530,000 624 628 Snyder LLC Sopiha Avanzato Deed $350k · Philli Strong LLC
    Jun 5, 2009 — Sophia Avanzato Avanzato,salvatore & Filiz Quit Claim Deed · related —
    Apr 9, 2007 — Salvatore Avanzato Salvatore Avanzato Intrafamily Transfer · related $450k · Wachovia Bank NA
    — — Salvatore Avanzato — Deed Of Trust · related $100k · Manufacturers Traders & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $605,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1575
    Latitude
    39.9226
    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
    $2,382
    $34,049
    $136,151
    $170,200
    -
    $34,049
    $136,151
    $170,200

    Comparable in this City

    • Value Estimation
      $2,075,000
      17,390 SF

      1939 Juniper St, Unit 43

      HOSPITAL - PRIVATE
      1939 Juniper St, Philadelphia, PA 19148-2217
      View Details
    • Value Estimation
      $610,000
      1,136 SF

      626 Snyder Ave

      HOSPITAL - PRIVATE
      626 Snyder Ave, Philadelphia, PA 19148-2419
      View Details
    • Value Estimation
      $610,000
      1,136 SF

      628 Snyder Ave

      HOSPITAL - PRIVATE
      628 Snyder Ave, Philadelphia, PA 19148-2419
      View Details
    • Value Estimation by Request
      542,200 SF

      2301 Broad St

      HOSPITAL - PRIVATE
      2301 Broad St, Philadelphia, PA 19148-3542
      View Details
    • Value Estimation
      $795,000
      95,286 SF

      2509 4th St

      HOMES (RETIRED, NURSING)
      2509 4th St, Philadelphia, PA 19148-4712
      View Details
    • Value Estimation by Request
      1,882 SF

      521 Snyder Ave, Unit 23

      HOMES (RETIRED, NURSING)
      521 Snyder Ave, Philadelphia, PA 19148-2534
      View Details

    Similar Nearby for Sale

    • $49,000
      0.02 Acres

      Land For Sale Philadelphia

      Commercial land available for purchase in Philadelphia, Pennsylvania.
      2432 S Lee St, Philadelphia, PA 19148
      View Details
    • $59,000
      0.02 Acres

      Land For Sale Philadelphia

      Land available for sale in Philadelphia, Pennsylvania.
      2622 S Fairhill St, Philadelphia, PA 19148
      View Details
    • $519,999
      2,272 SF

      South Philadelphia Duplex with Garage

      Renovated duplex in prime location with parking and income.
      2013 South 5Th St, Philadelphia, PA 19148
      View Details
    • $100,000
      0.02 Acres

      Land in Philadelphia, PA

      Commercial land available in Philadelphia, Pennsylvania.
      2517 S Marshall St, Philadelphia, PA 19148
      View Details
    • Contact for pricing

      ShopRite-Anchored Retail Center For Sale

      Retail center anchored by ShopRite in South Philadelphia.
      330 W Oregon Ave, Philadelphia, PA 19148
      View Details
    • $1,390,000

      Philadelphia Commercial Property for Sale

      Commercial property available in Philadelphia County.
      1600 E Passyunk Ave, Philadelphia, PA 19148
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo

      Commercial Space on Oregon Avenue

      Commercial space for rent on Oregon Ave, Philadelphia.
      2655 S Hutchinson St, Philadelphia, PA 19148
      View Details
    • $3,800 /Mo

      Commercial Space in Philadelphia Available

      Former day care center ideal for care facility use.
      2501-03-00 S Broad St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      8,250 SF

      Grocery Anchored Retail Opportunity

      Premier shopping center in South Philadelphia retail corridor for lease.
      424 W Oregon Ave, Philadelphia, PA 19148
      View Details
    • $1,000 /Mo
      993 SF

      Commercial Storefront with Basement

      Small commercial storefront including a basement available for lease.
      2315 S 12Th St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      2,800 SF

      Renovated Mixed-Use Property on Passyunk

      Recently renovated mixed-use property with unique interior aesthetics and high visibility.
      1804-1808 E Passyunk Ave, Philadelphia, PA 19148
      View Details
    • $1,650 /Mo
      1,089 SF

      Retail Space in Philadelphia

      Retail space available for lease in Philadelphia, PA 19148.
      1924 S 4Th St, Philadelphia, PA 19148
      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.
    624 Snyder Ave
    Philadelphia, PA 19148-2419
    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
    624 Snyder Ave, Philadelphia, PA, 19148
    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!