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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10000 Roosevelt Blvd Philadelphia, PA 19116-3904

    • Strip malls
    • 9,906 SF
    • 0.85 lot acres
    OFF-MARKET
    Last Sale
    Mar 18, 2020
    $5,987,500
    Value Estimations
    $5,960,000
    Show details
    Cap Rate Potential
    2.4%
    Strip malls
    Location Intelligence
    Property ID
    US73-1948545
    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

    • P3 Dental of Northeast Philadelphia / Dental Office
    • Starbucks / Cafe & Coffee Shop
    • Verizon / Mobile Phone Store / Electronics & Wireless Store
    • Oh Brother Philly / Restaurant
    • Mitch's Peppers / Department Store

    Property Details for 10000 Roosevelt Blvd

    Year built
    1982
    Lot size
    0.85 lot acres
    Property size
    9,906 SF
    Zone code
    CA1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    88-2-0716-00
    APU
    882071600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,000,000
      ML approach
      $5,875,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0155
    Latitude
    40.0956
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,985
    $1,099,404
    $471,196
    $1,570,600
    -
    $1,099,404
    $471,196
    $1,570,600

    Comparable in this City

    • Value Estimation
      $1,415,000
      12,300 SF

      10101 Verree Rd

      SHOPPING CENTER, STRIP CENTER • 12,300 SF
      10101 Verree Rd, Philadelphia, PA 19116-3677
      View Details
    • Value Estimation
      $4,215,000
      36,970 SF

      10801 Bustleton Ave, Unit 75

      SHOPPING CENTER, STRIP CENTER • 36,970 SF
      10801 Bustleton Ave, Philadelphia, PA 19116-3301
      View Details
    • Value Estimation
      $785,000
      7,120 SF

      10800 Bustleton Ave

      SHOPPING CENTER, STRIP CENTER • 7,120 SF
      10800 Bustleton Ave, Philadelphia, PA 19116-3302
      View Details
    • Value Estimation
      $1,930,000
      16,948 SF

      13015-27 Bustleton Ave

      SHOPPING CENTER, STRIP CENTER • 16,948 SF
      13015-27 Bustleton Ave, Philadelphia, PA 19116
      View Details
    • Value Estimation
      $2,230,000
      19,484 SF

      15200 Bustleton Ave

      SHOPPING CENTER, STRIP CENTER • 19,484 SF
      15200 Bustleton Ave, Philadelphia, PA 19116-1196
      View Details
    • Value Estimation
      $935,000
      8,050 SF

      14250 Bustleton Ave, Unit 60

      SHOPPING CENTER, STRIP CENTER • 8,050 SF
      14250 Bustleton Ave, Philadelphia, PA 19116-1108
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Roosevelt Boulevard Retail Opportunity

      Retail spaces available in high-traffic Philadelphia shopping center.
      11000 Roosevelt Blvd, Philadelphia, PA 19116
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      Topgolf Philadelphia Investment

      High-return, NNN-leased Topgolf property.
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    • $2,999,000
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      Byberry Road Industrial Property

      18,500 SF Flex Space, Philadelphia
      2051 Byberry Rd, Philadelphia, PA 19116
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    • New
      $499,900
      0.51 Acres

      Vacant Land in Philadelphia

      0.51 acre vacant lot zoned CA2 for commercial use.
      11990 Rennard St, Philadelphia, PA 19116
      View Details
    • $595,000
      1,640 SF

      Philadelphia Duplex with Backyard

      Tenant-occupied duplex in good condition with a beautiful backyard.
      375 Avon St, Philadelphia, PA 19116
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    • $5,000,000
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      Philadelphia Warehouse: 19,500 SF

      Prime Philadelphia industrial warehouse, ideal for various uses.
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    Similar Nearby for Lease

    • Contact for pricing
      19,904 SF

      Retail Space on Roosevelt Boulevard

      Retail property with junior anchor space available for lease/sale.
      10500 Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • Contact for pricing
      108,347 SF

      Boulevard Plaza Retail Pad Space

      Prime Northeast Philly Retail Space Available
      0 Roosevelt Blvd & Haldeman Ave, Philadelphia, PA 19116
      View Details
    • Contact for pricing
      33,150 SF

      Industrial Warehouse Space Available

      Industrial warehouse with loading docks and convenient highway access.
      11500 Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • $728 /Mo

      Professional Office Space Available

      Well-maintained office space in a prime Philadelphia location.
      10065-67 Sandmeyer Ln, Philadelphia, PA 19116
      View Details
    • Contact for pricing
      252,826 SF

      Roosevelt Blvd Industrial Space

      Industrial space available for lease on Roosevelt Blvd.
      11200 Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • Contact for pricing
      23,000 SF

      Industrial Space in Philadelphia

      23,000 sq ft industrial property available for rent.
      2055 Bennett Rd, Philadelphia, PA 19116
      View Details

    Property Visit Statistics

    • Visits by month
      7.5k
    • Visitors by month
      3.9k
    • Avg Time on site
      13 min
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    10000 Roosevelt Blvd
    Philadelphia, PA 19116-3904
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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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