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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12040 Bustleton Ave Philadelphia, PA 19116-2108

    • Retail space
    • 1,720 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    7.8%
    Retail space
    Location Intelligence
    Property ID
    US73-0191975
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Nicholas Hair Styling For Men / Barber Shop

    Property Details for 12040 Bustleton Ave

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    1,720 SF
    Zone code
    CA1
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    88-2-5324-00
    APU
    882532400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $325,000
      6.5%
      $300,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $297,000
      Market price range: $149k - $478k
      AI Estimate
      $331,000
      Market price range: $144k - $478k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $295,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $320,000
      Change: +8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $270,000
      Change: -8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0159
    Latitude
    40.1232
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,101
    $58,592
    $234,408
    $293,000
    -
    $58,592
    $234,408
    $293,000

    Comparable in this City

    • Value Estimation
      $490,000
      5,237 SF

      14100 Bustleton Ave

      STORE, RETAIL OUTLET • 5,237 SF
      14100 Bustleton Ave, Philadelphia, PA 19116-1194
      View Details
    • Value Estimation
      $2,730,000
      1,892 SF

      12018 Bustleton Ave

      STORE, RETAIL OUTLET • 1,892 SF
      12018 Bustleton Ave, Philadelphia, PA 19116-2108
      View Details
    • Value Estimation
      $505,000
      3,807 SF

      13037 Bustleton Ave

      STORE, RETAIL OUTLET • 3,807 SF
      13037 Bustleton Ave, Philadelphia, PA 19116-1601
      View Details
    • Value Estimation by Request
      1,968 SF

      11890 Bustleton Ave

      STORE, RETAIL OUTLET • 1,968 SF
      11890 Bustleton Ave, Philadelphia, PA 19116-2538
      View Details
    • Value Estimation by Request
      108,347 SF

      Roosevelt Blvd & Haldeman Ave

      Individual retail properties • 108,347 SF
      0 Roosevelt Blvd & Haldeman Ave, Philadelphia, PA 19116
      View Details
    • Value Estimation
      $640,000
      28,677 SF

      10500 Roosevelt Blvd

      RETAIL STORES (PERSONAL SERVICES) • 28,677 SF
      10500 Roosevelt Blvd, Philadelphia, PA 19116-3906
      View Details

    Similar Nearby for Sale

    • $2,999,000
      18,500 SF

      Byberry Road Industrial Property

      18,500 SF Flex Space, Philadelphia
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      Roosevelt Boulevard Retail Opportunity

      Retail spaces available in high-traffic Philadelphia shopping center.
      11000 Roosevelt Blvd, Philadelphia, PA 19116
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    • $499,900
      0.51 Acres

      Vacant Land in Philadelphia

      0.51 acre vacant lot zoned CA2 for commercial use.
      11990 Rennard St, Philadelphia, PA 19116
      View Details
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      Historic Barn Home with Modern Units

      Unique property featuring residential units and a spacious barn.
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      Tenant-occupied duplex in good condition with a beautiful backyard.
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    Similar Nearby for Lease

    • Contact for pricing
      19,904 SF

      Retail Space on Roosevelt Boulevard

      Retail property with junior anchor space available for lease/sale.
      10500 Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • Contact for pricing
      108,347 SF

      Boulevard Plaza Retail Pad Space

      Prime Northeast Philly Retail Space Available
      0 Roosevelt Blvd & Haldeman Ave, Philadelphia, PA 19116
      View Details
    • Contact for pricing
      33,150 SF

      Industrial Warehouse Space Available

      Industrial warehouse with loading docks and convenient highway access.
      11500 Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • $728 /Mo

      Professional Office Space Available

      Well-maintained office space in a prime Philadelphia location.
      10065-67 Sandmeyer Ln, Philadelphia, PA 19116
      View Details
    • Contact for pricing
      252,826 SF

      Roosevelt Blvd Industrial Space

      Industrial space available for lease on Roosevelt Blvd.
      11200 Roosevelt Blvd, Philadelphia, PA 19116
      View Details
    • Contact for pricing
      23,000 SF

      Industrial Space in Philadelphia

      23,000 sq ft industrial property available for rent.
      2055 Bennett Rd, Philadelphia, PA 19116
      View Details

    Property Visit Statistics

    • Visits by month
      16.0k
    • Visitors by month
      12.2k
    • Avg Time on site
      20 min
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    12040 Bustleton Ave
    Philadelphia, PA 19116-2108
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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