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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Manufacturing properties
1450 Grays Fry Ave Philadelphia, PA 19143
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2153283
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,780 SF
Lot
0.03 ac (1,523 SF)
Zoning code
CMX2
APN
88-4-3456-50
UPID
US73-2153283
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
-
EXIT Elevate Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$425k
Comparable Approach
Comparable
$544k
Blend (final)
Blend
$560k
Owner & transaction history
1450 Gf Apartments LLC · 4 yrs held
1450 Gf Apartments LLC
since 2022
Last sale
$630,000
3 recorded transactions
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$930,000
+129.2%
Neighborhood: shopping center
$700,000
+73.2%
Retail stores
$650,000
+60.1%
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
$575,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$460,000
6.5%
$425,000
7%
$395,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$405,000
Current use
MEDICAL BUILDING
$930,000
Change: +129% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$700,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$650,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$595,000
Change: +47% · Conversion: Easy
WAREHOUSE, STORAGE
$485,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $630k (Jan 18 2022)
Last sale anchor
$630k
Jan 18 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
$148 / 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
$2,117
Tax year 2023
Assessed value
$151,200
Assessed 2023
Previous assessed
$151,200
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$30,240
Assessed improvement
$120,960
Land market value
$30,240
Improvement market value
$120,960
Total market value
$151,200
Applied tax rate
27.0000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Total area
3,780 SF
Lot
0.03 ac (1,523 SF)
Zoning code
CMX2
APN
88-4-3456-50
UPID
US73-2153283
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX2 · Philadelphia, PA
Zoning CMX2 · permitted uses
CMX2 · 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
$405,000
MEDICAL BUILDING
Est. value
$930,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$700,000
RETAIL STORES
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$485,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
3
Lot
0.03 ac
Current owner
From public records · entity-resolved
1450 Gf Apartments LLC
Entity
Mailing address
3540 WHARTON ST, PHILADELPHIA, PA 19146-3226
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2024
—
1450 Gf Apartments LLC
—
Deed
related
$325,000 · Lava Funding LLC
Sep 14, 2023
—
1450 Gf Apartments LLC
—
Deed
related
$504,000 · Hyperion Bank
Jan 18, 2022
$630,000
1450 Gf Apartments LLC
Douglas T Click
Deed
$1,900,000 · Lava Funding LLC
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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