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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Auto shops
1620 52nd St Philadelphia, PA 19131-3637
Entity Owned
10-yr Hold
Free & Clear
Property ID
US73-1528271
Property summary
AI-generated overview
This exceptional 15,000-square-foot warehouse in Philadelphia, Pennsylvania, presents a significant opportunity. Situated at 1620 N 52nd Street, this single-tenant property boasts a convenient location just off the intersection of 52nd and Lancaster Avenue, directly across from a ShopRite and Lowe's shopping center, ensuring high visibility and accessibility. The building features two stories, with ceiling heights exceeding 14 feet on both levels, providing ample vertical space. Access is facilitated by fourteen dock-high doors and two drive-in doors, offering efficient loading and unloading capabilities. The property also includes an interior vehicle ramp connecting the two floors, enhancing internal logistics. Natural light can be maximized through existing 7' x 10' window openings. The lot size is 11,760 square feet, and the building has a 60-foot frontage on 52nd Street. Parking is plentiful, with 50+ spaces available. The property is zoned CMX2 and offers significant potential for various industrial uses. Annual property taxes are $0.26 per square foot. This warehouse is ready for immediate occupancy.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,000 SF
Lot
0.26 ac (11,400 SF)
Zoning code
CMX2
APN
88-2-9709-35
UPID
US73-1528271
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
-
Parkers Vehicle Repair II Auto Repair Shop
-
Parker's Fuel Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$700k
Owner & transaction history
Dbe Partners LP · 10 yrs held
Dbe Partners LP
since 2016
1 recorded transaction
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)
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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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$47 / 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
$3,858
Tax year 2023
Assessed value
$275,600
Assessed 2023
Previous assessed
$275,600
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$55,119
Assessed improvement
$220,481
Land market value
$55,119
Improvement market value
$220,481
Total market value
$275,600
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Total area
15,000 SF
Lot
0.26 ac (11,400 SF)
Zoning code
CMX2
APN
88-2-9709-35
UPID
US73-1528271
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
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Dbe Partners LP
Entity
Free & Clear · 10 yrs held
Mailing address
323 WALDEN RD, WILMINGTON, DE 19803-2423
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2016
$195,000
Dbe Partners LP
Stanley Ents INC
Grant 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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