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Property profile & analytics
OFF-MARKET
Estimated value
$3,475,000
Flex space
171 Hunting Park Ave 79 Philadelphia, PA 19124-6002
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2580311
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,284 SF
Lot
1.16 ac (50,312 SF)
Zoning code
I2
APN
88-4-1835-50
UPID
US73-2580311
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
-
Worldwide Fabricating LTD (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.76M
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$3.48M
Owner & transaction history
Caplan & Vuen Ventures LLC · 4 yrs held
Caplan & Vuen Ventures LLC
since 2022
5 recorded transactions
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.1M
+29.9%
Apartment house (5+ units)
$3.8M
+20.2%
Auto repair, garage
$3.8M
+19.2%
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%
$4,075,000
6.5%
$3,760,000
7%
$3,490,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,170,000
Current use
RETAIL STORES
$4,115,000
Change: +30% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,805,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,775,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±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
$104 / 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
$15,823
Tax year 2023
Assessed value
$1,130,400
Assessed 2023
Previous assessed
$1,130,400
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$226,080
Assessed improvement
$904,320
Land market value
$226,080
Improvement market value
$904,320
Total market value
$1,130,400
Applied tax rate
42.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
33,284 SF
Lot
1.16 ac (50,312 SF)
Zoning code
I2
APN
88-4-1835-50
UPID
US73-2580311
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Philadelphia, PA
Zoning I2 · permitted uses
I2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
RETAIL STORES
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Caplan & Vuen Ventures LLC
Entity
Mailing address
PO BOX 46945, PHILADELPHIA, PA 19160-6945
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2022
—
Caplan & Vuen Ventures LLC
Pidc Financing Corporation
Deed
—
Aug 24, 2006
—
Caplan & Yuen Ventures LLC
Pidc Financing Corp
Grant Deed
related
—
—
—
Caplan & Yuen Ventures LLC
—
Deed Of Trust
related
$450,000 · Sovereign Bank
—
—
Pidc Financing Corp
—
Deed Of Trust
related
$562,500 · Pennsylvania Ind'l Dev Auth
—
—
Caplan & Yuen Ventures LLC
—
Deed Of Trust
related
$562,500 · Sovereign Bank
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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