Property profile

1603 American St 11 Philadelphia, PA 19122

OFF-MARKET
Other warehouses
Property ID
US73-2504560
5,703 SF 0.24 ac lot Built 1925
Entity Owned 19-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is an undeveloped parcel on North American Street that is currently improved with a warehouse/flex space. It covers approximately 10,527 square feet and is zoned for commercial mixed-use, with zoning that permits mixed-use development by right.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,703 SF
Lot 0.24 ac (10,527 SF)
Zoning code ICMX
APN 88-4-3435-30
UPID US73-2504560

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Building Supply

Location

1603 American St, Unit 11 Philadelphia, PA 19122-3105
Philadelphia metro Census 15700 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$396k
Blend (final) Blend
$575k

Owner & transaction history

since 2007
3 recorded transactions
2025
Price N/A
2007
$315,000
1969
Price N/A

Zoning & alternative use

ICMX · Philadelphia, PA
Zoning description

ICMX, Industrial Commercial Mixed-Use District. 299 The ICMX, Industrial Commercial Mixed-Use district is primarily intended to accommodate commercial and low-impact industrial uses. The district may serve as a buffer be…

General category MIXED_USE
Top alternative use upside
Auto repair, garage $900,000 +22.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1603 American St, Unit 11?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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