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Property profile & analytics
OFF-MARKET
Estimated value
$17,160,000
Flex space
11631 Caroline Rd Philadelphia, PA 19154-2116
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5914710
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
147,610 SF
Lot
9.03 ac (393,521 SF)
Zoning code
I1
APN
88-4-2720-25
UPID
US73-5914710
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
-
LibertyX Bitcoin ATM Atm
-
Phoenix Lithographing Corporation Marketing & Advertising Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.16M
Owner & transaction history
Nbpiii 11631 Caroline LLC · 4 yrs held
Nbpiii 11631 Caroline LLC
since 2022
Last sale
$20.3M
2 recorded transactions
Zoning & alternative use
I1 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$27.4M
+127.8%
Retail stores
$25.3M
+110.6%
Auto repair, garage
$23.3M
+93.7%
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
$18,485,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,060,000
6.5%
$16,670,000
7%
$15,480,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,020,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$27,385,000
Change: +128% · Conversion: Difficult
RETAIL STORES
$25,310,000
Change: +111% · Conversion: Moderate
AUTO REPAIR, GARAGE
$23,285,000
Change: +94% · Conversion: Easy
Blend value · Realmo final
$17.16M
Range $15.44M – $18.88M · ±10% · vs last sale $20.30M (Jan 21 2022)
Last sale anchor
$20.30M
Jan 21 2022
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
$116 / 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
$113,793
Tax year 2023
Assessed value
$8,129,200
Assessed 2023
Previous assessed
$8,129,200
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,625,840
Assessed improvement
$6,503,360
Land market value
$1,625,840
Improvement market value
$6,503,360
Total market value
$8,129,200
Applied tax rate
66.0000
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
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
147,610 SF
Lot
9.03 ac (393,521 SF)
Zoning code
I1
APN
88-4-2720-25
UPID
US73-5914710
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Philadelphia, PA
Zoning I1 · permitted uses
I1 · 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
$12.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.4M
RETAIL STORES
Est. value
$25.3M
AUTO REPAIR, GARAGE
Est. value
$23.3M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
9.03 ac
Current owner
From public records · entity-resolved
Nbpiii 11631 Caroline LLC
Entity
Mailing address
401 EDGEWATER PL STE #265, WAKEFIELD, MA 01880-6241
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
$20,300,000
Nbpiii 11631 Caroline LLC
Caroline Road Manufacturing LP
Special Warranty Deed
$52,300,000 · Silicon Valley Bank
Jun 30, 2004
$864,000
Caroline Road Manufacturing
Philadelphia Authority Of Indl D
Grant Deed
—
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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