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Property profile & analytics
OFF-MARKET Estimated value $2,810,000
Manufacturing properties

179 Berks St 89 Philadelphia, PA 19122-2327

23,200 SF 0.18 ac lot Built 1939
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US73-0995733
Property summary
AI-generated overview

Silk Screen Studios, a newly renovated (2024) four-story office building in Philadelphia's vibrant Fishtown submarket (179 W Berks St, zip code 19122), offers 57 versatile office suites ranging from 168 to 558 square feet. The building's total area is 13,976 square feet, currently entirely vacant and available for multiple tenants. Each suite features individually controlled HVAC, ensuring year-round comfort. Building amenities include convenient kitchenettes on every floor, a bike room, a secure package room, and a fenced shared courtyard. A loading dock facilitates easy access and deliveries. High-speed internet and 24-hour access are standard. The building's location near the Berks El station provides excellent public transportation access. This adaptive reuse property is ideal for businesses seeking a blend of modern functionality and stylish design in a dynamic neighborhood. The property is suitable for executive, creative, medical, or traditional office uses.

Property profile
Verified
Property type Manufacturing properties
Use group FACTORY (MANUFACTURING)
Year built 1939
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 23,200 SF
Lot 0.18 ac (7,699 SF)
Zoning code IRMX
APN 88-4-0801-35
UPID US73-0995733
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
  • Photo Process Screen Manufacturing Factory Production Facility
  • Photo Process Screen Manufacturing Company Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.69M
CAP Approach CAP
$2.62M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.81M
Owner & transaction history
179 W Berks Street LLC · 4 yrs held
179 W Berks Street LLC
since 2022
Last sale
$3.0M
3 recorded transactions
2023
Price N/A
2022
Price N/A
2022
$3.0M
Zoning & alternative use
IRMX · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $4.3M +26.4%
Retail stores $4.0M +16.8%
Auto repair, garage $3.7M +7.5%
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