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    Property profile & analytics

    6740 Germantown Ave Philadelphia, PA 19119

    • Banks
    • 3,600 SF
    • 0.43 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Last Sale
    Oct 17, 2023
    $950,000
    Value Estimations
    $880,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1452804
    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.

    Current Use by Public Records

    • Banks

    Property Details for 6740 Germantown Ave

    Year built
    1907
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.43 lot acres
    Property size
    3,600 SF
    Zone code
    CA1
    Property type
    Banks
    APN
    88-2-9633-65
    APU
    882963365

    Description

    This stunning 6,423 square foot building, located at 6740 Germantown Avenue in Philadelphia, Pennsylvania (zip code 19119), presents a rare opportunity for a discerning business owner. Originally a historic Colonial Revival bank building, the property boasts an elegant entryway, exquisite 19th-century architectural details, and impressive high arched windows. The single-tenant space is ideally suited for a restaurant, event venue, or retail establishment. Limited off-street parking is available. Situated in the heart of Mt. Airy's vibrant commercial corridor, the building is surrounded by attractive residential condos and apartments, ensuring a strong customer base. This exceptional property offers a unique blend of historical charm and modern functionality, making it an ideal location for a business seeking a prestigious and highly visible presence. The property's size and location within a thriving neighborhood make it a truly exceptional investment opportunity. Don't miss this chance to own a piece of Philadelphia history.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $900,000
      ML approach
      $815,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $792,000
      Market price range: $412k - $1.50M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $905,000
      Current use
      OFFICE BUILDING
      $915,000
      Change: +1% Conversion: Difficult
      MEDICAL BUILDING
      $885,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1866
    Latitude
    40.0535
    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
    $19,835
    $991,934
    $425,066
    $1,417,000
    -
    $991,934
    $425,066
    $1,417,000

    Comparable in this City

    • Value Estimation
      $705,000
      8,416 SF

      7226 Germantown Ave, Unit 34

      FINANCIAL BUILDING • 8,416 SF
      7226 Germantown Ave, Philadelphia, PA 19119-1724
      View Details
    • Value Estimation
      $600,000
      4,659 SF

      6700 Germantown Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,659 SF
      6700 Germantown Ave, Philadelphia, PA 19119-2108
      View Details
    • Value Estimation by Request
      2,415 SF

      6700 Sprague St, Unit 4

      RETAIL STORES (PERSONAL SERVICES) • 2,415 SF
      6700 Sprague St, Philadelphia, PA 19119-1418
      View Details
    • Value Estimation by Request
      2,124 SF

      548 Carpenter Ln

      DRY CLEANER • 2,124 SF
      548 Carpenter Ln, Philadelphia, PA 19119
      View Details
    • Value Estimation
      $670,000
      5,916 SF

      367 Hortter St

      RETAIL STORES (PERSONAL SERVICES) • 5,916 SF
      367 Hortter St, Philadelphia, PA 19119-3109
      View Details
    • Value Estimation
      $725,000
      7,913 SF

      6815 Germantown Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,913 SF
      6815 Germantown Ave, Philadelphia, PA 19119-2112
      View Details

    Similar Nearby for Sale

    • $1,800,000
      5,555 SF

      Germantown Ave Luxury Apartments

      Brand new, 4-unit apartment building in Philadelphia.
      6516 Germantown Ave, Philadelphia, PA 19119
      View Details
    • $199,000
      0.20 Acres

      Shovel-Ready Residential Development Site

      Development site with permits for four luxury residential homes.
      265 E Hortter St, Philadelphia, PA 19119
      View Details
    • $2,900,000
      12,720 SF

      Luxury Mount Airy Apartments

      9-Unit Multifamily, Prime Location
      85 Sharpnack St, Philadelphia, PA 19119
      View Details
    • $52,500
      0.02 Acres

      Three Vacant Lots Package

      Three adjacent vacant lots near Chestnut Hill for sale.
      6726 Bass St, Philadelphia, PA 19119
      View Details
    • $55,000
      0.07 Acres

      Residential Development Opportunity in Philadelphia

      Vacant lot in Mount Airy, Philadelphia, near amenities and transportation.
      258 E Sharpnack St, Philadelphia, PA 19119
      View Details
    • $52,000
      0.02 Acres

      Vacant Lots Near Chestnut Hill

      Three adjacent vacant lots near Chestnut Hill for sale.
      6728 Bass St, Philadelphia, PA 19119
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,160 SF

      Retail Space in Mixed-Use Project

      New construction retail space available in Philadelphia.
      7619 Germantown Ave, Philadelphia, PA 19119
      View Details
    • $2,000 /Mo
      1,307 SF

      Germantown Ave Retail/Office Space

      Retail or office space available on Germantown Avenue.
      6761 Germantown Ave, Philadelphia, PA 19119
      View Details
    • $2,200 /Mo
      1,307 SF

      Germantown Avenue Retail/Office Space

      Two-level retail/office space in Philadelphia's Germantown neighborhood.
      6761 Germantown Ave, Philadelphia, PA 19119
      View Details
    • $6,250 /Mo
      6,098 SF

      Germantown Avenue Retail Opportunity

      Retail space with frontage and lower-level access in vibrant Mt. Airy.
      7145-47 Germantown Ave, Philadelphia, PA 19119
      View Details
    • $4,167 /Mo
      6,534 SF

      Prime Corner Retail Space Available

      2,000 SF corner retail space in vibrant Mt. Airy.
      7167 Germantown Ave, Philadelphia, PA 19119
      View Details
    • $25 SF/Yr
      6,423 SF

      Historic Mt. Airy Commercial Gem

      Prime Philadelphia retail/restaurant space.
      6740 Germantown Ave, Philadelphia, PA 19119
      View Details
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    Philadelphia, PA 19119
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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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