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Property profile & analytics
OFF-MARKET
Estimated value
$6,260,000
Strip malls
2001 Oregon Ave 53 Philadelphia, PA 19145-4224
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-2619045
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
56,269 SF
Lot
2.26 ac (98,576 SF)
Zoning code
CMX2
APN
88-2-0480-00
UPID
US73-2619045
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
-
Asian Palace Restaurant Restaurant
-
Anh Dep Studio - The True Wedding Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.26M
Owner & transaction history
Viking Oregon Ave Partners LLC · 9 yrs held
Viking Oregon Ave Partners LLC
since 2017
7 recorded transactions
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,650,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,875,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$6.26M
Range $5.63M – $6.89M · ±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
$111 / 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
$110,997
Tax year 2023
Assessed value
$7,929,500
Assessed 2023
Previous assessed
$7,929,500
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,665,666
Assessed improvement
$6,263,834
Land market value
$1,665,666
Improvement market value
$6,263,834
Total market value
$7,929,500
Applied tax rate
26.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Heating
NONE
Stories
1
Total area
56,269 SF
Lot
2.26 ac (98,576 SF)
Zoning code
CMX2
APN
88-2-0480-00
UPID
US73-2619045
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
RETAIL STORES
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$8.9M
RETAIL STORES
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
Heating
NONE
Stories
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Viking Oregon Ave Partners LLC
Entity
Mailing address
240 MADISON AVE FL, NEW YORK, NY 10016-2820
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2022
—
Viking Oregon Ave Partners LLC
—
Deed
related
$5,600,000 · Genworth Life And Annuity Insurance Comp
Jul 19, 2019
—
Viking Oregon Ave Partners LLC
—
Deed
related
$4,300,000 · Miscellaneous Ins Co
Mar 2, 2017
$5,175,000
Viking Oregon Ave Partners LLC
Sin Ventures Oregon Avenue LP
Grant Deed
$4,475,000 · Miscellaneous Ins Co
Mar 29, 2012
—
Ventures Oregon Avenue LP Sin
—
Deed Of Trust
related
$66,200,000 · Wells Fargo Bk N #2005-c4 (ce)
Oct 24, 2005
$5,024,501
Sin Ventures Oregon Avenue
Oregon Associates
Deed Of Trust
$66,200,000 · General Elec Cap
—
—
Viking Oregon Ave Partners LLC
—
Deed Of Trust
related
$4,300,000 · Miscellaneous Ins Co
—
—
Sin Ventures Oregon Avenue LP
—
Loan Modification
related
$66,027,185 · * Other Institutional Lenders
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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