Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115-19 Chelten Ave Philadelphia, PA 19144
    Property profile & analytics

    115-19 Chelten Ave, Philadelphia, PA 19144

    View on Map
    • Specialty properties
    • 17,740 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 115-19 Chelten Ave

    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional commercial property, located at 115-119 W Chelten Ave in Philadelphia, Pennsylvania's Germantown section, offers a unique opportunity for a variety of businesses. The 17,740 square foot building boasts a prominent 70-foot frontage on Chelten Avenue, ensuring high visibility and accessibility for customers. The property comprises three separate storefronts (115, 117, and 119 W Chelten Ave), which can be leased individually or combined to create a larger space, offering flexibility to suit diverse business needs. The building's CMX-2 zoning provides a range of permitted uses. In addition to the ground floor retail space, a substantial vacant storage area occupies the entire second floor, providing ample room for inventory, warehousing, or additional business operations. This second-floor space is interconnected, offering seamless access between the three building sections. A rear entrance to the warehouse area on the second floor adds to the property's logistical advantages. The property's location on a busy street ensures high pedestrian and vehicular traffic, creating a prime environment for attracting customers. This versatile property presents an excellent investment opportunity in a thriving Philadelphia neighborhood. The property is located in Philadelphia County, PA, zip code 19144.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1774
    Latitude
    40.0338

    Comparable in this City

    • Value Estimation by Request

      6116 Germantown Ave

      Office Units
      6116 Germantown Ave, Philadelphia, PA 19144
      View Details
    • Value Estimation by Request

      212 Roberts Ave

      Distribution properties
      212 Roberts Ave, Philadelphia, PA 19144
      View Details
    • Value Estimation by Request
      17,280 SF

      625-35 Wister St

      Office Spaces
      625-35 Wister St, Philadelphia, PA 19144
      View Details
    • Value Estimation by Request
      15,289 SF

      235 Chelten Ave

      Medical space
      235 Chelten Ave, Philadelphia, PA 19144
      View Details
    • Value Estimation by Request
      3,840 SF

      431 Locust Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      431 Locust Ave, Philadelphia, PA 19144-1323
      View Details
    • Value Estimation by Request
      17,476 SF

      5507--17 Germantown Ave

      Churches & religious facilities
      5507--17 Germantown Ave, Philadelphia, PA 19144
      View Details

    Similar Nearby for Sale

    • $880,000
      5,987 SF

      Specialty Commercial Building

      For sale specialty commercial building on W Coulter between Wayne Avenue and Pulaski Avenue in Philadelphia.
      231-33 W Coulter St, Philadelphia, PA 19144
      View Details
    • $189,900
      1,619 SF

      Philadelphia Specialty Property for Sale

      Specialty property available for purchase in Philadelphia, Pennsylvania.
      5355 Lena St, Philadelphia, PA 19144
      View Details
    • Contact for pricing
      11,800 SF

      Queen Lane Warehouse - Philadelphia

      11,800 SF Warehouse, Manufacturing Space
      67 Queen Ln, Philadelphia, PA 19144
      View Details
    • $650,000
      5,240 SF

      Mixed-Use Investment Opportunity in Philadelphia

      Six-unit mixed-use property with value-add potential in Germantown.
      6200 Germantown Ave, Philadelphia, PA 19144
      View Details
    • $1,500,000
      0.21 Acres

      Mixed-Use Investment Opportunity

      Mixed-use property in evolving corridor with retail and office space.
      5621-25 Germantown Ave, Philadelphia, PA 19144
      View Details
    • Contact for pricing
      11,471 SF

      Mixed-Use Property in Redevelopment Corridor

      Mixed-use property with retail and office space in Philadelphia.
      5621 Germantown Ave, Philadelphia, PA 19144
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr

      Germantown Award-Winning Office Space

      12,000 sq ft professional office space for lease.
      5534 Pulaski Ave, Philadelphia, PA 19144
      View Details
    • Contact for pricing
      5,059 SF

      Retail Space in Philadelphia

      Retail property available for lease in Philadelphia, PA.
      633 West Rittenhouse St, Philadelphia, PA 19144
      View Details
    • Contact for pricing

      Chelten Avenue Retail/Office/Medical Space

      1,838 SF retail, office, or medical space for lease.
      35 E Chelten Ave, Philadelphia, PA 19144
      View Details
    • Contact for pricing
      12,000 SF

      Germantown Office Space for Lease

      12,000+/- sq ft office space in historic Germantown.
      5536 Pulaski Ave, Philadelphia, PA 19144
      View Details
    Request Owner's contact information
    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.
    115-19 Chelten Ave
    Philadelphia, PA 19144
    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
    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

    Thank You for Inquiry
    115-19 Chelten Ave, Philadelphia, PA, 19144
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!