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

    10094 Sandmeyer Ln Philadelphia, PA 19116-3502

    • Warehouses
    • 33,585 SF
    • 3.16 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2021
    $2,975,000
    Value Estimations
    $2,860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0246003
    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

    • Zeep Auto Body / Auto Repair Shop
    • Feretti Motors / Car Dealership
    • Sam Rim Repair / Auto Repair Shop / Vehicle Inspection Center
    • CarProtec Auto Detailing & Ceramic Coatings / Car Wash
    • Diesel Center / Auto Repair Shop

    Property Details for 10094 Sandmeyer Ln

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.16 lot acres
    Property size
    33,585 SF
    Zone code
    I2
    Property type
    Warehouses
    APN
    88-4-2376-28
    APU
    884237628

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,775,000
      ML approach
      $2,710,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,325,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0373
    Latitude
    40.1139
    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
    $25,857
    $554,160
    $1,293,040
    $1,847,200
    -
    $554,160
    $1,293,040
    $1,847,200

    Comparable in this City

    • Value Estimation
      $1,675,000
      15,500 SF

      10087 Sandmeyer Ln

      WAREHOUSE, STORAGE • 15,500 SF
      10087 Sandmeyer Ln, Philadelphia, PA 19116-3501
      View Details
    • Value Estimation
      $4,085,000
      51,995 SF

      10060 Sandmeyer Ln, Unit 72

      WAREHOUSE, STORAGE • 51,995 SF
      10060 Sandmeyer Ln, Philadelphia, PA 19116-3502
      View Details
    • Value Estimation
      $3,525,000
      46,400 SF

      2050 Byberry Rd, Unit R

      WAREHOUSE, STORAGE • 46,400 SF
      2050 Byberry Rd, Philadelphia, PA 19116-3009
      View Details
    • Value Estimation
      $1,740,000
      20,000 SF

      2021 Byberry Rd

      WAREHOUSE, STORAGE • 20,000 SF
      2021 Byberry Rd, Philadelphia, PA 19116
      View Details
    • Value Estimation
      $1,725,000
      20,160 SF

      10063 Sandmeyer Ln

      WAREHOUSE, STORAGE • 20,160 SF
      10063 Sandmeyer Ln, Philadelphia, PA 19116-3501
      View Details
    • Value Estimation
      $730,000
      8,881 SF

      2168 Bennett Rd

      WAREHOUSE, STORAGE • 8,881 SF
      2168 Bennett Rd, Philadelphia, PA 19116-3022
      View Details

    Similar Nearby for Sale

    • $5,000,000
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      Philadelphia Warehouse: 19,500 SF

      Prime Philadelphia industrial warehouse, ideal for various uses.
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    • $5,000,000
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      19,500 SF Warehouse on 2.37 Acres

      Warehouse with outdoor storage, expandable, abundant labor, and convenient location.
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    • $2,999,000
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      Byberry Road Industrial Property

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    • Contact for pricing

      Roosevelt Boulevard Retail Opportunity

      Retail spaces available in high-traffic Philadelphia shopping center.
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    • $499,900
      0.51 Acres

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      0.51 acre vacant lot zoned CA2 for commercial use.
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      Tenant-occupied duplex in good condition with a beautiful backyard.
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    Similar Nearby for Lease

    • 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
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    • Contact for pricing
      252,826 SF

      Roosevelt Blvd Industrial Space

      Industrial space available for lease on Roosevelt Blvd.
      11200 Roosevelt Blvd, Philadelphia, PA 19116
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    • $11 SF/Yr
      11,000 SF

      Industrial Space in Northeast Philadelphia

      11,000 SF industrial space for lease in Philadelphia.
      10081 Sandmeyer Ln, Philadelphia, PA 19116
      View Details
    • Contact for pricing
      12,368 SF

      Industrial Space with Easy Access

      Industrial space with convenient access to major transportation routes.
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      View Details
    • Contact for pricing
      100,272 SF

      Philadelphia Warehouse Near Major Routes

      100,272 SF warehouse with KOZ designation near highways.
      2021 Woodhaven Rd, 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
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    10094 Sandmeyer Ln
    Philadelphia, PA 19116-3502
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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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