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    1808 Frankford Ave Philadelphia, PA 19125

    • Commercial real estate
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2727411
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1808 Frankford Ave

    Lot size
    0.03 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional mixed-use property in Philadelphia's vibrant Fishtown neighborhood presents a unique investment opportunity. Situated on Frankford Avenue between Montgomery and Berks, this newly constructed building boasts a striking brick façade and oversized windows, flooding the interior with natural light. The exterior brick and rear siding are complete, and the interior framing, plumbing, and electrical are roughed in, providing a significant head start for customization. The ground floor offers approximately 800 square feet of versatile commercial space, ideal for retail, office, or studio use, benefiting from high visibility and foot traffic. Upstairs, a spacious one-bedroom, one-and-a-half-bathroom apartment on the second floor and a two-bedroom apartment on the third floor offer ample living space and rental income potential. A full basement provides additional storage or expansion possibilities. This property is perfectly positioned within walking distance of Fishtown's renowned dining, shopping, and entertainment options. Whether you envision a live/work space, a multi-unit investment, or a combination of both, this property offers unparalleled flexibility and significant upside in a rapidly appreciating area. The 0.03-acre lot and the building's current state of completion make this a truly remarkable opportunity. The asking price is $470,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1318557
    Latitude
    39.9771502

    Comparable in this City

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      Frankford Avenue Commercial Redevelopment Opportunity

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      Land available for multifamily building development in Philadelphia.
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      Vacant Land in Philadelphia

      Vacant land available in Philadelphia, Pennsylvania.
      2433 E Huntingdon St E, Philadelphia, PA 19125
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      Vacant Land in Philadelphia

      Vacant land available with plans and permits upon request.
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    Similar Nearby for Sale

    • New
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      Frankford Avenue Commercial Redevelopment Opportunity

      Three adjacent properties for sale in East Kensington, Philadelphia.
      2605 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $1,200,000
      0.02 Acres

      Prime Land in East Kensington

      Five properties in booming East Kensington offered as a package deal.
      1920 E Arizona St, Philadelphia, PA 19125
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    • $132,000
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      Vacant Land in Philadelphia

      Vacant land with plans and permits available upon request.
      2431 E Huntingdon St E, Philadelphia, PA 19125
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    • $89,900
      0.02 Acres

      Land in Philadelphia, PA

      Land available for multifamily building development in Philadelphia.
      2645 Kensington Ave, Philadelphia, PA 19125
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    • $132,000
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      Vacant Land in Philadelphia

      Vacant land available in Philadelphia, Pennsylvania.
      2433 E Huntingdon St E, Philadelphia, PA 19125
      View Details
    • $132,000
      0.02 Acres

      Vacant Land in Philadelphia

      Vacant land available with plans and permits upon request.
      2436 E Harold St E, Philadelphia, PA 19125
      View Details

    Similar Nearby for Lease

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      Fishtown Apartment with Modern Amenities

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    1808 Frankford Ave
    Philadelphia, PA 19125
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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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