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    Property profile & analytics

    1901 Courtland St Philadelphia, PA 19140

    • Flex space
    • 14,750 SF
    • 0.40 lot acres
    For Sale
    View listing
    $1,950,000
    Value Estimation
    Last Sale
    Jul 13, 2022
    $925,000
    Location Intelligence
    Property ID
    US73-1561190
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flex space

    Property Details for 1901 Courtland St

    Year built
    1919
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.40 lot acres
    Property size
    14,750 SF
    Zone code
    I2
    Property type
    Flex space
    APN
    88-4-3423-80
    APU
    884342380

    Description

    This fully leased, 16,000-square-foot warehouse in Philadelphia, PA, presents a compelling investment opportunity. Boasting a strong 8.03% cap rate and 100% occupancy, the property generates a substantial net operating income (NOI) of $156,611. The asking price is $1,950,000, translating to $121.88 per square foot. The single-story building is divided into 22 tenant spaces, ranging from 400 to 1,000 square feet, each accessible via keyless entry. Recent renovations totaling approximately $80,000 have enhanced the property's value. A proprietary management software streamlines operations, reducing overhead costs. Tenants, a diverse mix of light industrial businesses, utilize short-term, four-week billing cycles, resulting in 13 billing periods annually. This efficient management system, combined with the high occupancy rate and strong NOI, makes this a highly attractive investment prospect in a prime Philadelphia location. The property is situated at 1901 W Courtland St, Philadelphia, PA 19140. The gross lease structure further simplifies management.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $840,000

    • CAP approach

      CAP return
      Estimation
      6%
      $885,000
      6.5%
      $900,000
      7%
      $980,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $875,000
      Geo Method
      $835,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $875,000
      Retail
      $870,000
      Mixed-Use
      $1,095,000
      Hospitality
      $1,000,000
      Educational
      $940,000
      Residential Income
      $870,000
      Energy
      $950,000
      Income-Based Land
      $970,000
      Food Service
      $1,030,000

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1564
    Latitude
    40.0243
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,162
    $73,760
    $295,040
    $368,800
    -
    $73,760
    $295,040
    $368,800

    Comparable in this City

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      $6,880,000
      111,120 SF

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    • Value Estimation
      $300,000
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      3512 Lawrence St, Unit 16

      LIGHT INDUSTRIAL • 1,824 SF
      3512 Lawrence St, Philadelphia, PA 19140-4510
      View Details
    • Value Estimation
      $820,000
      21,654 SF

      3901 Old York Rd, Unit 35

      LIGHT INDUSTRIAL • 21,654 SF
      3901 Old York Rd, Philadelphia, PA 19140-2024
      View Details
    • Value Estimation
      $255,000
      12,742 SF

      3325 9th St

      LIGHT INDUSTRIAL • 12,742 SF
      3325 9th St, Philadelphia, PA 19140-5401
      View Details
    • Value Estimation by Request
      7,809 SF

      3619 Lawrence St, Unit 23

      LIGHT INDUSTRIAL • 7,809 SF
      3619 Lawrence St, Philadelphia, PA 19140-4536
      View Details
    • Value Estimation
      $360,000
      20,080 SF

      3347 Stokley St, Unit 51

      LIGHT INDUSTRIAL • 20,080 SF
      3347 Stokley St, Philadelphia, PA 19140-4714
      View Details

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    • $1,950,000
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    1901 Courtland St
    Philadelphia, PA 19140
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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