Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102 W Berks St Philadelphia, PA 19122

    • Warehouses
    • 3,024 SF
    • 0.14 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2753656
    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

    • Crate & Press Juice Bar / Restaurant
    • 1BRKS / Apartment Complex

    Property Details for 102 W Berks St

    Year built
    2020
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    3,024 SF
    Zone code
    CMX2.5
    Property type
    Warehouses
    APN
    88-4-3433-20
    APU
    884343320

    Description

    This exceptional retail property, located at 102 W. Berks Street in Philadelphia, Pennsylvania, 19122, offers a total of 1,615 square feet of commercial space currently available for lease. The building is comprised of two separate suites, providing flexibility for various business needs. One suite offers a minimum of 169 square feet, while the maximum contiguous space available is 1,446 square feet. This presents an excellent opportunity for businesses seeking a smaller footprint or those requiring a larger, more expansive space. The property's location in Philadelphia offers high visibility and accessibility, making it an ideal location for attracting customers. The entire building is currently vacant, presenting a unique chance for a single tenant to occupy the entire space or for two separate businesses to establish themselves in a vibrant urban setting. The address is conveniently situated at 102 W Berks St, providing easy access for both customers and employees. This property is perfect for a variety of retail uses and represents a compelling investment opportunity in a thriving Philadelphia neighborhood. Interested parties are encouraged to inquire about lease terms and conditions. The property is ready for immediate occupancy.

    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
    -75.134
    Latitude
    39.9785
    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
    $5,318
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $1,899,700

    Comparable in this City

    • Value Estimation
      $7,595,000
      109,602 SF

      1612 Hancock St

      WAREHOUSE, STORAGE • 109,602 SF
      1612 Hancock St, Philadelphia, PA 19122-3120
      View Details
    • Value Estimation by Request
      520 SF

      1716 Palethorp St, Unit 18

      WAREHOUSE, STORAGE • 520 SF
      1716 Palethorp St, Philadelphia, PA 19122-3125
      View Details
    • Value Estimation
      $4,320,000
      60,056 SF

      1300 9th St, Unit 42

      WAREHOUSE, STORAGE • 60,056 SF
      1300 9th St, Philadelphia, PA 19122-4203
      View Details
    • Value Estimation by Request
      3,315 SF

      265 Berks St, Unit 99

      WAREHOUSE, STORAGE • 3,315 SF
      265 Berks St, Philadelphia, PA 19122-2240
      View Details
    • Value Estimation
      $2,490,000
      27,615 SF

      145 Thompson St, Unit 59

      WAREHOUSE, STORAGE • 27,615 SF
      145 Thompson St, Philadelphia, PA 19122-4620
      View Details
    • Value Estimation
      $6,300,000
      79,400 SF

      1821 American St

      WAREHOUSE, STORAGE • 79,400 SF
      1821 American St, Philadelphia, PA 19122-2330
      View Details

    Similar Nearby for Sale

    • $1,550,000
      5,084 SF

      Versatile Warehouse with Commissary Kitchen

      Open warehouse space with kitchen, offices, and gated parking.
      1100 E Berks St, Philadelphia, PA 19122
      View Details
    • $3,360,000
      14,180 SF

      Philadelphia Flex Property For Sale

      Single-tenant flex property in Philadelphia with over four years remaining.
      1400 S Front St, Philadelphia, PA 19122
      View Details
    • $949,999

      North Broad Development Land

      Prime Philadelphia multifamily site.
      2123 Broad St, Philadelphia, PA 19122
      View Details
    • $269,900
      0.02 Acres

      Shovel-Ready Development Opportunity

      Approved plans and permits for four residential units in Philadelphia.
      508-10 Diamond St, Philadelphia, PA 19122
      View Details
    • $199,900
      0.03 Acres

      Prime Corner Lot in Philadelphia

      Two attached properties for development in booming Ludlow neighborhood.
      1403 N 7Th St, Philadelphia, PA 19122
      View Details
    • $439,900
      1,856 SF

      Renovated Duplex in Philadelphia

      Two fully renovated units, ideal for investors or owner-occupiers.
      2031 N 8Th St, Philadelphia, PA 19122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,428 SF

      Philadelphia Warehouse/Industrial Space For Rent

      35,428 SF building in Ole Kensington/Ludlow neighborhood.
      1500-1514 North 5Th St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      102,307 SF

      Prime Philadelphia Warehouse Space

      102,307 SF Flex Warehouse, Newly Renovated
      1801 5Th St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      102,307 SF

      Renovated Warehouse and Office Space

      Renovated warehouse and office space near major transportation routes.
      1801 N 5Th St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      41,000 SF

      New Fishtown Industrial/Flex Space

      New 41,000 SF industrial/flex space in Fishtown.
      1700 N American St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      22,256 SF

      Prime Philadelphia Retail Space

      Six Suites Available, 866-10,579 SF
      1705 American St, Philadelphia, PA 19122
      View Details
    • $1,758 /Mo

      Urby Fishtown Apartments

      Modern apartments in Philadelphia's vibrant Fishtown neighborhood.
      1700 N Front St St, Philadelphia, PA 19122
      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.
    102 W Berks St
    Philadelphia, PA 19122
    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

    Google sign-in failed. Please try again or use another login method.