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    7500 Algon Ave, Unit 14 Philadelphia, PA 19111-3332
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    Property profile & analytics

    7500 Algon Ave, Unit 14, Philadelphia, PA 19111-3332

    View on Map
    • Apartment buildings
    • 27,000 SF
    • 0.90 lot acres
    Off-Market
    Property ID
    US73-1671234
    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
    $4,150,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 7500 Algon Ave

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.90 lot acres
    Zone code
    RSA3
    Property type
    Apartment buildings
    APN
    88-1-1675-00
    APU
    881167500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 14, 2020 — 7500 Algon Avenue Associates LP — Deed · related $11.1M · New York Community Bank
    Aug 19, 2016 — 7500 Algon Avenue Associates LP — Deed · related $8.3M · New York Community Bank
    Jan 31, 2013 — 7500 Algon Avenue Assocs LP — Deed Of Trust · related $7.4M · New York Community Bank
    Nov 1, 2010 — 7500 Algon Avenue Assocs LP — Deed Of Trust · related $7M · New York Community Bank
    Jun 15, 1999 — 7500 Algon Avenue Associates Algon Associates Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,570,000
      6.5%
      $5,145,000
      7%
      $4,775,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,635,000
      Market price range: $1.19M - $3.39M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $6,310,000
      Current use
      OFFICE BUILDING
      $6,870,000
      Change: +9% Conversion: Moderate
      MEDICAL BUILDING
      $6,630,000
      Change: +5% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.07
    Latitude
    40.0591
    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
    $41,317
    $885,480
    $2,066,120
    $2,951,600
    -
    $885,480
    $2,066,120
    $2,951,600

    Comparable in this City

    • Value Estimation
      $12,780,000
      104,000 SF

      8110 Verree Rd, Unit 18

      APARTMENT HOUSE (100+ UNITS)
      8110 Verree Rd, Philadelphia, PA 19111-2354
      View Details
    • Value Estimation
      $29,990,000
      298,995 SF

      800 Cottman Ave

      APARTMENT HOUSE (100+ UNITS)
      800 Cottman Ave, Philadelphia, PA 19111-3056
      View Details
    • Value Estimation
      $5,765,000
      44,064 SF

      7922 Barnes St, Unit 36

      APARTMENT HOUSE (5+ UNITS)
      7922 Barnes St, Philadelphia, PA 19111-2205
      View Details
    • Value Estimation
      $2,635,000
      19,357 SF

      528 Knorr St, Unit 34

      APARTMENT HOUSE (5+ UNITS)
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      View Details
    • Value Estimation
      $1,025,000
      6,695 SF

      1724 Loney St, Unit 26

      APARTMENT HOUSE (5+ UNITS)
      1724 Loney St, Philadelphia, PA 19111-2964
      View Details
    • Value Estimation
      $765,000
      5,688 SF

      515 Gilham St, Unit 17

      APARTMENT HOUSE (5+ UNITS)
      515 Gilham St, Philadelphia, PA 19111-5256
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Levick Street Apartment Building

      10-unit apartment building with parking and private balconies.
      351 Levick St, Philadelphia, PA 19111
      View Details
    • $1,680,000

      Mixed-Use Building on Main Street

      Commercial and residential building with high traffic and income potential.
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    • New
      $270,000
      1,500 SF

      Turn-Key Duplex in Philadelphia

      Move-in ready duplex with separate utilities and garage.
      200 Robbins St, Philadelphia, PA 19111
      View Details
    • $499,900
      2,400 SF

      Philadelphia Multifamily Property with Garages

      Multifamily property featuring separate entrances, garages, and finished basement.
      1026 Levick St, Philadelphia, PA 19111
      View Details
    • $450,000
      1,400 SF

      Philadelphia Triplex: Income-Producing Investment

      Fully occupied Philadelphia triplex, generating immediate cash flow for investors.
      1400 Greeby St, Philadelphia, PA 19111
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    • $410,000
      1,320 SF

      Philadelphia Duplex with Garage

      Legal duplex with a two-car garage and office space.
      7352 Dungan Rd, Philadelphia, PA 19111
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo
      7,584 SF

      Philadelphia Office Space For Lease

      2400 SF second-floor space suitable for various uses.
      1314 Cottman Ave, Philadelphia, PA 19111
      View Details
    • Contact for pricing
      8,892 SF

      Retail Space in Philadelphia Available

      Retail property with high traffic and pylon signage available.
      919 Levick St, Philadelphia, PA 19111
      View Details
    • Contact for pricing
      74,000 SF

      Office, Showroom, Warehouse Space Available

      Renovated 35,000± SF space for office, showroom, and warehouse.
      7746 Dungan Rd, Philadelphia, PA 19111
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail spaces available in Philadelphia, PA.
      6301 Oxford Ave, Philadelphia, PA 19111
      View Details
    • $3,850 /Mo
      2,749 SF

      Turnkey Medical Clinic in Philadelphia

      Fully built-out medical clinic available for lease in Northeast Philadelphia.
      7131 Rising Sun Ave, Philadelphia, PA 19111
      View Details
    • Contact for pricing

      Grocery-Anchored Retail Center For Rent

      Retail spaces available in a busy Philadelphia shopping center.
      6301 Oxford Ave, Philadelphia, PA 19111
      View Details
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    Philadelphia, PA 19111-3332
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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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