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Property profile & analytics
OFF-MARKET Estimated value $25,060,000
Medical Office Space

822-40 Race St Philadelphia, PA 19107

146,048 SF 1.18 ac lot Built 1988
Entity Owned Free & Clear
Property ID
US73-1197300
Property profile
Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 146,048 SF
Lot 1.18 ac (51,314 SF)
Zoning code CMX4
APN 77-1-0295-00
UPID US73-1197300
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$25.06M
Owner & transaction history
PENNA COLLEGE PODIATRIC MEDICINE
PENNA COLLEGE PODIATRIC MEDICINE
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
Commercial (general) $38.8M +8.1%
Office building $37.2M +3.6%
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