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Property profile & analytics
OFF-MARKET
Estimated value
$13,255,000
Warehouses
1300 Belmont Ave 38 Philadelphia, PA 19104-1042
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US73-5351126
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
123,750 SF
Lot
5.58 ac (243,239 SF)
Zoning code
I1
APN
88-4-2200-00
UPID
US73-5351126
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Amazon Locker - Alarm Postal Service Courier Service
-
Kingz Light Letters Party Supply Store Rental Equipment Company
-
Amazon Hub Locker - Alarm Postal Service Courier Service
-
Compass Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.40M
Comparable Approach
Comparable
$9.28M
Blend (final)
Blend
$13.26M
Owner & transaction history
Amsdell Storage Ventures Xi LLC · 13 yrs held
Amsdell Storage Ventures Xi LLC
since 2013
4 recorded transactions
Zoning & alternative use
I1 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$19.5M
+22.5%
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%
$15,595,000
6.5%
$14,395,000
7%
$13,365,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,940,000
Current use
AUTO REPAIR, GARAGE
$19,520,000
Change: +22% · Conversion: Easy
COMMERCIAL (GENERAL)
$14,140,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$13.26M
Range $11.93M – $14.58M · ±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
$107 / 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
$190,241
Tax year 2023
Assessed value
$13,590,600
Assessed 2023
Previous assessed
$13,590,600
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$2,718,120
Assessed improvement
$10,872,480
Land market value
$2,718,120
Improvement market value
$10,872,480
Total market value
$13,590,600
Applied tax rate
52.0000
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
123,750 SF
Lot
5.58 ac (243,239 SF)
Zoning code
I1
APN
88-4-2200-00
UPID
US73-5351126
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
WAREHOUSE, STORAGE Current
Est. value
$15.9M
AUTO REPAIR, GARAGE
Est. value
$19.5M
COMMERCIAL (GENERAL)
Est. value
$14.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1962
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
5.58 ac
Current owner
From public records · entity-resolved
Amsdell Storage Ventures Xi LLC
Entity
Mailing address
20445 EMERALD PKWY #22, CLEVELAND, OH 44135-6009
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2018
—
Amsdell Storag E Vnetuers Xi LLC
—
Deed
related
$14,100,000 · Citi Real Estate Fudning INC
Mar 27, 2013
$7,155,250
Amsdell Storage Ventures Xi LLC
Devon Belmont LLC
Public Action
related
$6,975,000 · Citigroup Global Markets Realty Cor
Jun 24, 2004
—
Devon Of Belmont LLC
—
Deed Of Trust
related
$5,734,000 · Wells Fargo Bank
Feb 7, 2004
$2,800,000
Devon\belmont LLC
Pidc Financing Corp
Grant Deed
$1,000,000 · Lubert Adler R/e Fund III LP
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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