Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2624 N 28Th St Philadelphia, PA 19132

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Residential lot zoned RSA5, convenient location near Center City.

    Lot size:
    0.02 Acres

    Property Features for 2624 N 28Th St

    General Information

    Lot size
    0.02 Acres

    We can help!

    Listing Contact
    Karen Ehrlich
    Source: Kw

    Listing Agent: Karen Ehrlich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Strawberry Mansion

    Located in Strawberry Mansion, the property at 2624 N 28th St is a 799 sq ft lot zoned RSA5. This lot presents an opportunity to build a new home in a central location with convenient access to public transportation and proximity to Center City. The property is a short drive or bike ride to Temple University and Thomas Jefferson University East Falls Campus. It is also conveniently located near Kelly Drive, with easy access to I-76 and City Line Avenue. The seller is motivated to sell for a quick close, and the property is being sold As Is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1773325
    Latitude
    39.9959332

    Nearby Similar for Sale

    • $849,900
      8,412 SF

      Mixed-Use Corner Property in Mayfair

      Highly visible commercial mixed-use property in a densely populated area.
      4624 Rhawn St, Philadelphia, PA 19136
      View Details
    • $359,900
      1,856 SF

      Renovated Duplex Near Center City

      Fully renovated duplex with potential for a third unit.
      1411 W Loudon St, Philadelphia, PA 19141
      View Details
    • $960,000
      4,488 SF

      Renovated Triplex Near Fishtown

      Fully renovated triplex with bi-level units near Fishtown and Temple.
      1334 N 7Th St, Philadelphia, PA 19122
      View Details
    • $960,000
      4,488 SF

      Renovated Triplex Near Fishtown

      Fully renovated triplex with bi-level units near Fishtown and Temple.
      1336 N 7Th St, Philadelphia, PA 19122
      View Details
    • $400,000
      2,991 SF

      Philadelphia Multifamily Investment Opportunity

      Fully occupied 6-unit multifamily property near University City and Clark Park.
      4714 Woodland Ave, Philadelphia, PA 19143
      View Details
    • $879,000
      2,868 SF

      Prime Retail with Two-Story Apartment

      Retail space with a two-story apartment in Queen Village.
      713 S 4Th St, Philadelphia, PA 19147
      View Details
    • $3,500,000
      0.51 Acres

      Versatile Philadelphia Restaurant/Nightclub Opportunity

      Spacious, upgraded restaurant/nightclub with liquor license and two kitchens.
      2154-72 Bridge St, Philadelphia, PA 19124
      View Details
    • $999,999
      0.03 Acres

      Spacious Multi-Level Commercial Property

      Multi-level commercial property near Rittenhouse Square, ideal for professional use.
      313 S 16Th St, Philadelphia, PA 19102
      View Details
    • $999,999
      3,423 SF

      Rittenhouse Square Multifamily Redevelopment Opportunity

      Multi-level property near Rittenhouse Square, ideal for residential conversion.
      313 S 16Th St, Philadelphia, PA 19102
      View Details
    • $2,850,000
      0.19 Acres

      Modern Creative Office in Manayunk

      Modern office property in a vibrant Philadelphia neighborhood.
      4640-46 Umbria St, Philadelphia, PA 19127
      View Details
    • $799,000
      4,053 SF

      Philadelphia Triplex Near Temple University

      Triplex built in 2016, close to Temple University, great investment.
      1431 N 17Th St, Philadelphia, PA 19121
      View Details
    • $1,750,000
      0.09 Acres

      Established Philadelphia Bar/Restaurant Opportunity

      Spacious commercial property with bar and restaurant potential.
      7312-16 Castor Ave, Philadelphia, PA 19152
      View Details

    FAQs

    What type of property is this?
    Land - Residential lot zoned RSA5, convenient location near Center City.
    Where is this land located?
    The property is located at 2624 N 28Th St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $21,999.
    What are key features of this property?
    This property features: - Zoned RSA5, suitable for new construction.; - Convenient central location, close to Center City.; - Easy access to public transportation.
    (215) 948-2810
    Request Owner's contact information
    2624 N 28Th St Philadelphia, PA 19132
    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.
    2624 N 28Th St
    Philadelphia, PA 19132
    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
    2624 N 28Th St Philadelphia, PA 19132
    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

    We can help!
    Listing Contact
    Karen Ehrlich
    (215) 948-2810
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.