Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1524 Germantown Ave, Unit 38 Philadelphia, PA 19122-3747
    Back to Search
    Property profile & analytics

    1524 Germantown Ave, Unit 38, Philadelphia, PA 19122-3747

    View on Map
    • Manufacturing properties
    • 75,776 SF
    • 0.70 lot acres
    Off-Market
    Property ID
    US73-0989065
    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.
    Value Estimations
    $4,250,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 1524 Germantown Ave

    Year built
    1860
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.70 lot acres
    Zone code
    IRMX
    Property type
    Manufacturing properties
    APN
    88-4-0782-00
    APU
    884078200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 15, 2010 — Tr-gretz LP — Deed Of Trust · related $1.5M · Trds Partners LP
    Oct 16, 2008 — Tr-gretz — Deed Of Trust · related $1.5M · Michael J Barrist
    Oct 7, 2008 $225,000 Tr-gretz Tr-philadelphia Warranty Deed —
    — — Tr-gretz LP — Loan Modification · related $9.6M · Tig Romspen Us Master Mtg LP

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,989,000
      Market price range: $4.99M - $22.8M
      AI Estimate
      $2,809,000
      Market price range: $1.93M - $14.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1423
    Latitude
    39.9748
    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
    $21,824
    $311,820
    $1,247,280
    $1,559,100
    -
    $311,820
    $1,247,280
    $1,559,100

    Comparable in this City

    • Value Estimation
      $7,510,000
      87,806 SF

      1700 Howard St

      FACTORY (MANUFACTURING)
      1700 Howard St, Philadelphia, PA 19122-3210
      View Details
    • Value Estimation
      $845,000
      9,129 SF

      2045 2nd St, Unit 49

      FACTORY (MANUFACTURING)
      2045 2nd St, Philadelphia, PA 19122-1601
      View Details
    • Value Estimation
      $1,440,000
      71,330 SF

      1422 8th St, Unit 30

      FACTORY (MANUFACTURING)
      1422 8th St, Philadelphia, PA 19122-3502
      View Details
    • Value Estimation
      $2,810,000
      23,200 SF

      179 Berks St, Unit 89

      FACTORY (MANUFACTURING)
      179 Berks St, Philadelphia, PA 19122-2327
      View Details
    • Value Estimation
      $2,790,000
      29,880 SF

      173 Berks St

      FACTORY (MANUFACTURING)
      173 Berks St, Philadelphia, PA 19122-2463
      View Details
    • Value Estimation
      $3,885,000
      34,556 SF

      1736 Mascher St, Unit 64

      FACTORY (MANUFACTURING)
      1736 Mascher St, Philadelphia, PA 19122-3224
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      102,307 SF

      102,307 SF Warehouse Available

      102,307 SF warehouse for sale or lease.
      1801 N 5Th St, Philadelphia, PA 19122
      View Details
    • $2,000,000
      10,756 SF

      Redeveloped Commercial Building Near Fishtown

      Turnkey, renovated commercial building near Fishtown and Temple University.
      1855 5Th St N, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      17,790 SF

      Freestanding Warehouse with Parking

      Freestanding warehouse with ample parking and convenient loading docks.
      1740 N 2Nd St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      10,756 SF

      Philadelphia Flex Building For Sale

      Two-story, 10,756 SF flex building in Norris Square.
      1847-55 N 5Th St, Philadelphia, PA 19122
      View Details
    • $2,000,000

      Mixed-Use Development Opportunity

      Undeveloped parcel suitable for mixed-use development.
      1603 North American St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      80,000 SF

      Philadelphia Multi-Tenant Investment Opportunity

      Multi-tenant property in Philadelphia's Norris Square neighborhood.
      1801 N American St, Philadelphia, PA 19122
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      41,000 SF

      New Fishtown Industrial/Flex Space

      New 41,000 SF industrial/flex space in Fishtown.
      1700 N American St, Philadelphia, PA 19122
      View Details
    • Contact for pricing

      Philadelphia Warehouse/Industrial Space For Rent

      35,428 SF building in Ole Kensington/Ludlow neighborhood.
      1500-1514 North 5Th St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      35,428 SF

      Industrial Space with Loading Docks

      Industrial property featuring loading docks and flexible mixed-use zoning.
      1500 N 5Th St, Philadelphia, PA 19122
      View Details
    • Contact for pricing
      20,425 SF

      Fishtown Warehouse with Drive-In Doors

      Large commercial building in booming Fishtown with easy access.
      1300 N Howard St, Philadelphia, PA 19122
      View Details
    • $7,891 /Mo
      4,713 SF

      New Retail Space in Philadelphia

      New construction retail space in Philadelphia's emerging business corridor.
      1350 N Front St, Philadelphia, PA 19122
      View Details
    • $20 SF/Yr
      60,984 SF

      Historic Warehouse Creative Workspace

      Unique commercial suites for office, e-commerce, photography, production, wellness.
      1516 N 5Th St, Philadelphia, PA 19122
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1524 Germantown Ave, Unit 38
    Philadelphia, PA 19122-3747
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1524 Germantown Ave, Philadelphia, PA, 19122
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!