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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Warehouses
1706 Frankford Ave 14, Philadelphia, PA 19125-2604
Individually Owned
Absentee Owner
Free & Clear
Property ID
US73-2740155
Property summary
AI-generated overview
This exceptional 15,588-square-foot single-tenant retail or restaurant space at 1706 Frankford Avenue in Philadelphia, PA, presents a unique opportunity. Built in 1968, the property boasts dramatic A-frame timber ceilings and rustic industrial brick, creating a chic atmosphere. High ceilings and minimal columns provide a clear span feel, enhanced by four roll-up garage doors. The building offers convenient street-to-street access with rear loading and multiple drive-in garage entrances on Frankford Avenue and Blair Street. With 98 feet of frontage on Frankford Avenue, the property benefits from high visibility in the heart of Fishtown's bustling commercial corridor, directly across from Palmer Park. The CMX-2 zoning allows for a variety of uses. This prime location in Fishtown, renowned for its vibrant culinary scene, offers unparalleled potential for a discerning business owner. The property's unique architectural features and strategic location make it an exceptional investment opportunity.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,552 SF
Lot
0.36 ac (15,552 SF)
Zoning code
CMX2
APN
88-4-3433-45
UPID
US73-2740155
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
-
Bell Floor Covering Co Carpet & Flooring Store
-
Wellness Path Clinic Medical Clinic
-
1-800 Office Solutions Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.45M
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$2.15M
Owner & transaction history
HARVEY BELL
HARVEY BELL
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,650,000
6.5%
$2,445,000
7%
$2,275,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,420,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,885,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±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
$138 / 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
$15,674
Tax year 2023
Assessed value
$1,119,700
Assessed 2023
Previous assessed
$1,119,700
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$223,940
Assessed improvement
$895,760
Land market value
$223,940
Improvement market value
$895,760
Total market value
$1,119,700
Applied tax rate
18.0000
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
Off-Market
Year built
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
15,552 SF
Lot
0.36 ac (15,552 SF)
Zoning code
CMX2
APN
88-4-3433-45
UPID
US73-2740155
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
WAREHOUSE, STORAGE Current
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
1926
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
HARVEY BELL
Individual
Free & Clear · 0 yrs held
Mailing address
10 SANDRINGHAM RD, BALA CYNWYD, PA 19004-2035
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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