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Property profile & analytics
OFF-MARKET Estimated value $53,940,000
Assisted living facilities

2 Franklin Town Blvd Philadelphia, PA 19103-1238

420,200 SF 1.1 ac lot Built 1984
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US73-0233117
Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1984
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 420,200 SF
Lot 1.1 ac (48,047 SF)
Zoning code CMX4
APN 88-1-4357-00
UPID US73-0233117
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
  • Lynda Bard, DMD Dental Office
  • Logan Square Rehabilitation & Healthcare Center Nursing Home
  • Karl T. Benedict, MD Physician
  • Fountain View at Logan Square Nursing Home Retirement Community
  • Jefferson Internal Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$53.94M
Owner & transaction history
Logan Real Property LLC · 3 yrs held
Logan Real Property LLC
since 2022
Last sale
$55.6M
6 recorded transactions
2022
Price N/A
2019
Price N/A
2015
$65.3M
2011
Price N/A
2006
$25.0M
1969
Price N/A
Zoning & alternative use
CMX4 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a general, relative indication of the range of uses and activities allowed within the respective districts…

Zone name Community Commercial Mixed Use
General category MIXED_USE
Zone area 455.39 ac
Source TITLE 14. ZONING AND PLANNING
Top alternative use upside
Office building $59.8M +306.5%
Apartment house (5+ units) $51.2M +248.4%
Restaurant $46.9M +218.7%
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