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Property profile & analytics
OFF-MARKET Estimated value $11,340,000
Office buildings

701 Broad St 15 Philadelphia, PA 19123-2402

56,592 SF 2.17 ac lot Built 1920
Entity Owned Free & Clear
Property ID
US73-2076894
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 56,592 SF
Lot 2.17 ac (94,699 SF)
Zoning code CMX4
APN 77-1-0650-01
UPID US73-2076894
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sonder Ovation Apartment Building
  • Salvation Army Association / Organization
  • Carbon Health Urgent Care Philadelphia - Broad Street Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$14.40M
Blend (final) Blend
$11.34M
Owner & transaction history
SALVATION ARMY PHILADELPH
SALVATION ARMY PHILADELPH
Zoning & alternative use
CMX4 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CMX-4 Core Commercial Mixed-Use C-4 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 >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a general, relative indication of the range of uses and activities allowed within the respective districts…

Zone name Community Commercial Mixed Use
General category MIXED_USE
Zone area 455.39 ac
Source TITLE 14. ZONING AND PLANNING
Top alternative use upside
Restaurant $17.5M +21.7%
Apartment house (5+ units) $15.7M +9.3%
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