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    Land Package in Philadelphia, PA Title is generated by Realmo AI

    2000-2006 ONTARIO Street W, Philadelphia, PA 19140

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    Claim this Listing
    For Sale
    $329,000

    LAND - PHILADELPHIA, PA

    Lot size:
    0.38 Acres
    Added:
    Apr 29, 2026
    Days on Market:
    13
    Last Refresh:
    May 11 at 2:06 pm

    Property Features for 2000-2006 ONTARIO Street W

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    We can help!

    Listing Contact
    Scott Simmens

    Listing agent Scott Simmens License #RS312159

    Listing office Heritage Homes Realty 1609 Woodbourne Road unit: 302A, levittown, PA

    Listing date Apr 29, 2026

    MLS# PAPH2614602 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Package deal of 4 adjacent lots: 2000, 2002, 2004, and 2006 W Ontario St.
    • Large combined square footage: Approximately 16,665 sq ft total.
    • Substantial frontage on W Ontario St: Approximately 122.5 ft total.
    • Corner lot (2000 W Ontario) with approximately 119 ft frontage on 20th St.
    • Potential to increase assemblage size by purchasing separately listed adjacent lots on N 20th St (3328 and 3332).
    • 2004 W Ontario includes a 4 ft wide land sliver connecting to Bellevue St and the rear of lots on 20th St.

    Overview

    This package deal includes four lots: 2000 W Ontario (tax id-112052300), 2002 W Ontario (tax id-112052400), 2004 W Ontario (tax id-112052500), and 2006 W Ontario (tax id-112052600). Combined, these lots offer approximately 16,665 sq ft. The total frontage on West Ontario Street for all four parcels is approximately 122.5 ft. The corner lot at 2000 W Ontario has approximately 119 ft of frontage on 20th Street. Individually, 2000 W Ontario is approximately 23.5 ft x 119 ft (2700+ sq ft), 2002 W Ontario is approximately 24 ft x 119 ft (2900+ sq ft), 2004 W Ontario is approximately 35 ft x 140 ft (5400+ sq ft), and 2006 W Ontario is approximately 40 ft x 140 ft (5500+ sq ft). According to Philadelphia Atlas, 2004 W Ontario includes a 4 ft wide sliver of land that extends to Bellevue Street, connecting to the rear of some lots on 20th Street. Note that 3328 N 20th Street and 3332 N 20th Street are listed separately and could potentially add a couple thousand sq ft to this assemblage if purchased. Interested parties should consult with a zoning professional to explore potential applications and check Philadelphia public record websites for current real estate tax information. The total lot size is 0.3826 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.16192
    Latitude
    40.00569

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    FAQs

    What type of property is this?
    Commercial land - Four combined lots totaling approximately 16,665 sq ft.
    Where is this commercial land located?
    The property is located at 2000-2006 ONTARIO Street W Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: Package deal of 4 adjacent lots: 2000, 2002, 2004, and 2006 W Ontario St.; Large combined square footage: Approximately 16,665 sq ft total.; Substantial frontage on W Ontario St: Approximately 122.5 ft total.
    (610) 818-5904
    We can help!
    Listing Contact
    Scott Simmens
    Real Estate License ID: RS312159
    Learn More
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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.

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