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Property profile & analytics
FOR SALE
Commercial real estate
1020 Lincoln Ave, Prospect Park, PA 19076
Entity Owned
1-yr Hold
Free & Clear
Property ID
US73-5954477
For Sale
$819,000
1020 Lincoln Ave, Prospect Park, PA 19076
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Total area
5,440 SF
Lot
0.22 ac (9,693 SF)
APN
33-00-00920-00
UPID
US73-5954477
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
-
Keystone Bakery (Formerly Traub's Bakery) Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$452k
Blend (final)
Blend
$525k
Owner & transaction history
Ioannis Properties LLC · 1 yrs held
Ioannis Properties LLC
since 2025
Last sale
$528,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$645,000
+114.4%
Office building
$620,000
+105.2%
Warehouse, storage
$420,000
+39.1%
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 Prospect Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prospect Park 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
$545,000
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$645,000
Change: +114% · Conversion: Difficult
OFFICE BUILDING
$620,000
Change: +105% · Conversion: Easy
WAREHOUSE, STORAGE
$420,000
Change: +39% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$380,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $528k (Dec 13 2024)
Last sale anchor
$528k
Dec 13 2024
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
$97 / 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
$27,344
Tax year 2024
Assessed value
$800,000
Assessed 2024
Previous assessed
$800,000
+0.0% YoY
Effective rate
3.42%
On assessed value
Assessed land
$260,330
Assessed improvement
$539,670
Total market value
$800,000
Applied tax rate
3,305.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1989
Heating
NONE
Cooling
CENTRAL
Stories
2
Total area
5,440 SF
Lot
0.22 ac (9,693 SF)
APN
33-00-00920-00
UPID
US73-5954477
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
AUTO REPAIR, GARAGE
Est. value
$645,000
OFFICE BUILDING
Est. value
$620,000
WAREHOUSE, STORAGE
Est. value
$420,000
INDUSTRIAL (GENERAL)
Est. value
$380,000
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1989
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Ioannis Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1020 LINCOLN AVE, PROSPECT PARK, PA 19076-2231
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
$528,000
Ioannis Properties LLC
Incrediblebank
Deed
—
Dec 5, 2024
$3,122
Incredible Bank
Shawn E Totthill
Deed
related
—
Feb 13, 2020
$819,000
1020 Lincoln Aye LLC
Mdb LLC
Grant Deed
$1,340,000 · Incrediblebank
Apr 5, 2004
$425,000
Mbd LLC
Traub Reinhold F
Grant Deed
$340,000 · Citizens Bank Pennsylvania
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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