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Property profile & analytics
FOR SALE
Warehouses
1515 N 53Rd St, Philadelphia, PA 19131
Individually Owned
4-yr Hold
Free & Clear
Property ID
US73-1269240
For Sale
1 / 2
$425,000
1515 N 53Rd St, Philadelphia, PA 19131
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Property summary
AI-generated overview
This 3,614 square foot warehouse, situated on a 0.2-acre lot in Philadelphia, Pennsylvania (zip code 19131), presents a compelling redevelopment opportunity. Located in the heart of West Philadelphia, the property boasts excellent visibility and accessibility, with frontage on 53rd Street (113 feet) and Lansdowne Avenue (46 feet). The warehouse features one drive-in door, providing convenient access for loading and unloading. The property's CMX-2 zoning (Neighborhood Commercial Mixed Use) allows for a variety of potential uses. An adjacent lot (5208-10 Lansdowne Ave) offers potential for expansion, additional parking, or outdoor storage. Estimated 2023 property taxes are $1,766. This prime location, just off the highly traveled Lansdowne Avenue, makes this an attractive investment for both owner-occupiers and investors seeking a versatile industrial space with significant upside potential.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,614 SF
Lot
0.12 ac (5,429 SF)
Zoning code
CMX2
APN
88-4-3494-30
UPID
US73-1269240
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joan S Downs · 4 yrs held
Joan S Downs
since 2022
2 recorded transactions
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,527
Tax year 2023
Assessed value
$109,100
Assessed 2023
Previous assessed
$109,100
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$21,820
Assessed improvement
$87,280
Land market value
$21,820
Improvement market value
$87,280
Total market value
$109,100
Applied tax rate
44.0000
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
WAREHOUSE, STORAGE
Status
For Sale
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
3,614 SF
Lot
0.12 ac (5,429 SF)
Zoning code
CMX2
APN
88-4-3494-30
UPID
US73-1269240
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.
Building & site characteristics
From public records
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Joan S Downs
Individual
Free & Clear · 4 yrs held
Mailing address
1125 S 61ST ST, PHILADELPHIA, PA 19143-2918
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
Apr 6, 2022
—
Joan S Downs
Donna Downs Johnson
Deed
—
Jun 5, 2007
—
Dee Downs
Downs,william E
Quit Claim 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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