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Property profile & analytics
OFF-MARKET
Estimated value
$7,315,000
Industrial properties
10 Industrial Hwy, Philadelphia, PA 19113-2000
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-4145808
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1921
Total area
64,995 SF
Lot
132 ac (5,749,920 SF)
APN
45-00-00935-00
UPID
US73-4145808
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
Current use
Occupant on record · Public records
-
Chempak International Inc Big Box & Wholesale Store
-
Bulk Transit Corporation Trucking Company
-
Gap Air Freight Inc Trucking Company
-
Challenger Machine Tools LLC Industrial Manufacturer Factory
-
American Crane & Equipment Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.34M
Comparable Approach
Comparable
$8.13M
Blend (final)
Blend
$7.32M
Owner & transaction history
Ivy Airport Property II LLC · 2 yrs held
Ivy Airport Property II LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.1M
+73.2%
Retail stores
$11.1M
+60.1%
Auto repair, garage
$10.3M
+47.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Philadelphia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Philadelphia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,955,000
6.5%
$7,340,000
7%
$6,815,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,960,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,060,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$11,145,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,250,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$7.32M
Range $6.58M – $8.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$113 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,132,332
Tax year 2024
Assessed value
$35,822,280
Assessed 2024
Previous assessed
$35,822,280
+0.0% YoY
Effective rate
3.16%
On assessed value
Assessed land
$2,760,000
Assessed improvement
$33,062,280
Total market value
$35,822,280
Applied tax rate
4,505.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1921
Heating
NONE
Cooling
NONE
Total area
64,995 SF
Lot
132 ac (5,749,920 SF)
APN
45-00-00935-00
UPID
US73-4145808
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.1M
RETAIL STORES
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$10.3M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1921
Heating
NONE
Cooling
Yes
Lot
132 ac
Current owner
From public records · entity-resolved
Ivy Airport Property II LLC
Entity
Mailing address
102 CHESTNUT RDG RD, MONTVALE, NJ 07645-1856
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2024
—
Ivy Airport Property II LLC
Castleway Properties LLC
Lease
—
Dec 11, 2023
—
Ivy Airport Property LLC
Castleway Properties LLC
Lease
—
Dec 11, 2023
$13,125,000
Ivy Airport Property II LLC
Castleway Properties LLC
Ground Lease
related
—
Jan 12, 2022
—
Metlife Real Estate Lending LLC
Castleway Properties LLC
Assignment Of Lease (leasehold Sale)
—
Jul 17, 2018
—
Castleway Properties LLC
—
Loan Modification
related
$46,000,000 · Mam Airport Industrial Lender
Aug 11, 2014
—
Castleway Properties LLC
—
Grant Deed
related
$2,300,000 · M3 American Investments LLC
Jun 1, 2009
—
Castleway Properties LLC
—
Deed Of Trust
related
$45,325,500 · Anglo Irish Bank Corp
Sep 28, 2006
$30,500,000
Castleway Properties LLC
Tinicum Industrial Partners
Grant Deed
$28,500,000 · Anglo Irish Bank Corp Plc
Nov 2, 2005
$1
Twp Of Tinicum
Twp Of Tinicum
Grant Deed
related
—
Jan 7, 2003
$2,000,000
Tinicum Industrial Partners
Viacom Westinghouse Of Pa INC
Grant Deed
—
Jan 7, 2003
—
Tinicum Industrial Partners
Viacom Westinghouse Of Pa INC
Grant Deed
related
—
Nov 6, 2002
$1,500,000
Tinicum Township (pa)
Viacom/westinghouse Of Pa INC
Grant Deed
—
Nov 6, 2002
—
Tinicum Township (pa)
Viacom/westinghouse Of Pa INC
Grant Deed
related
—
Sep 10, 2002
—
Viacom/westinghouse Of Pa INC
Viacom/westinghouse Of Pa INC
Quit Claim Deed
related
—
Jan 30, 2002
$10,000
Tinicum Township (pa)
Viacom/westinghouse Of Pa INC
Grant Deed
—
Jan 23, 2002
—
Viacom/westinghouse Of Pa INC
Viacom INC
Quit Claim Deed
related
—
—
—
Castleway Properties LLC
—
Loan Modification
related
$16,957,200 · Mam Airport Industrial Lender
—
—
Castleway Properties LLC
—
Deed Of Trust
related
$3,000,000 · Anglo Irish Bank Corp Plc
—
—
Castleway Properties LLC
—
Deed Of Trust
related
$3,000,000 · Anglo Irish Bank Corp Plc
—
—
Tinicum Industrial Partners LP
—
Deed Of Trust
related
$15,000,000 · Wells Fargo Bank
—
—
Castleway Properties LLC
—
Loan Modification
related
$46,000,000 · Mam Airport Industrial Lender
—
—
Castleway Properties LLC
—
Deed Of Trust
related
$46,000,000 · Mam Airport Industrial Lender
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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