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Property profile & analytics
FOR SALE
Shopping centers
11000 Roosevelt Blvd Philadelphia, PA 19116
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2908578
For Sale
1 / 12
$4,485,000
11000 Roosevelt Blvd, Philadelphia, PA 19116
View Listing →
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
358,323 SF
Lot
27.41 ac (1,194,197 SF)
Zoning code
I2
APN
88-2-0708-00
UPID
US73-2908578
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
-
MISSION BBQ Restaurant
-
No. 1 China Restaurant
-
Hair Cuttery Hair Salon
-
Hit Fitness Training - Philadelphia Gym & Fitness Center
-
Target Grocery Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.49M
Owner & transaction history
Authority Philadelphia · 26 yrs held
Authority Philadelphia
since 1999
7 recorded transactions
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$13 / 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
$697,949
Tax year 2023
Assessed value
$49,860,600
Assessed 2023
Previous assessed
$49,860,600
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$9,972,129
Assessed improvement
$39,888,471
Land market value
$9,972,129
Improvement market value
$39,888,471
Total market value
$49,860,600
Applied tax rate
58.0000
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
For Sale
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
358,323 SF
Lot
27.41 ac (1,194,197 SF)
Zoning code
I2
APN
88-2-0708-00
UPID
US73-2908578
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Philadelphia, PA
Zoning I2 · permitted uses
I2 · 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.
Building & site characteristics
From public records
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
27.41 ac
Current owner
From public records · entity-resolved
Authority Philadelphia
Entity
Mailing address
6 E 45TH ST RM #801, NEW YORK, NY 10017-2493
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2024
—
Lebanon Pad LP
—
Deed
related
$24,500,000 · Minnesota Life Insurance Company
Apr 27, 2004
—
Pad Lebanon
—
Deed Of Trust
related
$25,500,000 · Washington Mutual Fsb
Oct 7, 1999
—
Authority Philadelphia
Hbr Heintz Associates
Grant Deed
related
—
—
—
Mission Bbq Ne Philly Pa LLC
—
Deed Of Trust
related
$32,000,000 · Goldman Sachs Specialty Lndg
—
—
Lebanon Pad LP
—
Loan Modification
related
$32,500,000 · Td Bk NA
—
—
Mission Bbq Ne Philly Pa LLC
—
Deed Of Trust
related
$32,000,000 · Goldman Sachs Specialty Lndg
—
—
Lebanon Pad LP
—
Deed Of Trust
related
$900,000 · Td Bk NA
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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