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Property profile & analytics
FOR SALE
Flex space
1100 E Berks St Philadelphia, PA 19125
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US73-2883264
For Sale
1 / 2
$1,550,000
1100 E Berks St, Philadelphia, PA 19125
View Listing →
Property summary
AI-generated overview
This 5,084-square-foot warehouse, built in 1920, is located at 1100 E Berks St, Philadelphia, PA 19125, in the Fishtown submarket. The single-story building sits on a 7,022-square-foot lot with 81 feet of frontage. The property features one drive-in door, providing convenient access for loading and unloading. The zoning is ICMX. Currently configured as a fully equipped commercial kitchen, the space includes a hood and Ansul system, washable walls, stainless steel walls, a three-base sink, a hand-washing sink, and a walk-in refrigerator and freezer. Additional features include three private offices and approximately 1,938 square feet of fenced-in parking. Separate garage and parking lot entrances are accessible from both E. Berks Street and E. Wildey Street. This non-divisible space offers excellent access to public transportation, Center City, I-95, and the Ben Franklin Bridge. The property is currently vacant.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,084 SF
Lot
0.16 ac (7,022 SF)
Zoning code
ICMX
APN
88-4-3428-05
UPID
US73-2883264
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
-
Mason Meals Association / Organization
-
Cloud Cups Headquarters Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$610k
Owner & transaction history
1100 Berk Street LLC · 15 yrs held
1100 Berk Street LLC
since 2011
7 recorded transactions
Zoning & alternative use
ICMX · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$945,000
+73.2%
Retail stores
$870,000
+60.1%
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 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%
$620,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$545,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$870,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$120 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,117
Tax year 2023
Assessed value
$508,400
Assessed 2023
Previous assessed
$508,400
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$101,680
Assessed improvement
$406,720
Land market value
$101,680
Improvement market value
$406,720
Total market value
$508,400
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
5,084 SF
Lot
0.16 ac (7,022 SF)
Zoning code
ICMX
APN
88-4-3428-05
UPID
US73-2883264
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
ICMX · Philadelphia, PA
Zoning ICMX · permitted uses
ICMX · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Philadelphia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$545,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
RETAIL STORES
Est. value
$870,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
1100 Berk Street LLC
Entity
Mailing address
1100 E BERKS ST #8, PHILADELPHIA, PA 19125-3403
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
—
1100 Berk Street LLC
—
Deed
related
$325,000 · Hyperion Bank
Dec 27, 2018
—
1100 Berk Street LLC
—
Deed
related
$160,000 · Hyperion Bank
Apr 18, 2011
$300,000
1100 Berk Street LLC
Msh Associates LLC
Grant Deed
$227,250 · Hyperion Bank
Jun 16, 2005
$370,000
Msh Associates LLC
Pearlman,elliot
Grant Deed
$277,500 · Sun National Bank
—
—
1100 Berk Street LLC
—
Deed Of Trust
related
$262,250 · Hyperion Bank
—
—
Msh Associates LLC
—
Deed Of Trust
related
$353,500 · Sun National Bank
—
—
Msh Associates LLC
—
Deed Of Trust
related
$50,000 · Pnc Bank
—
—
Msh Associates LLC
—
Deed Of Trust
related
$20,000 · Pnc Bank
—
—
Msh Associates LLC
—
Deed Of Trust
related
$80,000 · Pnc Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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