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Property profile & analytics
OFF-MARKET
Estimated value
$8,935,000
Warehouses
1135 Washington Ave Philadelphia, PA 19147-3803
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2770533
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
70,860 SF
Lot
0.97 ac (42,057 SF)
Zoning code
I2
APN
88-4-0051-60
UPID
US73-2770533
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.24M
Comparable Approach
Comparable
$10.65M
Blend (final)
Blend
$8.94M
Owner & transaction history
Sutley,michael K & Kristen D · 20 yrs held
Sutley,michael K & Kristen D
since 2006
6 recorded transactions
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$13.1M
+16.6%
Retail stores
$12.2M
+7.7%
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%
$8,930,000
6.5%
$8,240,000
7%
$7,655,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,280,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,145,000
Change: +17% · Conversion: Moderate
RETAIL STORES
$12,150,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$8.94M
Range $8.04M – $9.83M · ±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
$126 / 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
$109,109
Tax year 2023
Assessed value
$7,794,600
Assessed 2023
Previous assessed
$7,794,600
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,558,920
Assessed improvement
$6,235,680
Land market value
$1,558,920
Improvement market value
$6,235,680
Total market value
$7,794,600
Applied tax rate
2.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
5
Total area
70,860 SF
Lot
0.97 ac (42,057 SF)
Zoning code
I2
APN
88-4-0051-60
UPID
US73-2770533
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$11.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.1M
RETAIL STORES
Est. value
$12.2M
WAREHOUSE, STORAGE 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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
5
Lot
0.97 ac
Current owner
From public records · entity-resolved
Sutley,michael K & Kristen D
Individual
Mailing address
1250 E MISSOURI AVE, PHOENIX, AZ 85014-2912
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
—
Venerable Insurance And Annuity Com
—
Deed
related
—
Jul 2, 2016
—
Six Sac Self-storage Corp
—
Deed
$106,000,000 · Miscellaneous Ins Co
Jun 8, 2006
$448,900
Sutley,michael K & Kristen D
1101 Washington Associates
Grant Deed
$359,100 · Mortgage Master
Sep 23, 2004
—
Storage Three Galaxy
Galaxy Investors
Quit Claim Deed
related
$11,069,000 · Morgan Stanley Mtg Capital INC
Dec 3, 1998
$800,000
Five Sac Self-storage Corp
1135 Washington Associates
Grant Deed
related
—
—
—
Six Sac Self-storage Corp
—
Deed Of Trust
$106,000,000 · Miscellaneous Ins Co
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.
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