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Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Other commercial real estate
2019 Washington Ave 23, Philadelphia, PA 19146-2632
Individually Owned
20-yr Hold
Free & Clear
Property ID
US73-1888920
Property summary
AI-generated overview
This 12,208-square-foot single-tenant flex space, located at 2019 Washington Ave in Philadelphia, PA 19146, presents a unique opportunity. Built in 1985, this one-story building boasts a desirable 20-foot clear ceiling height, ideal for various industrial or distribution uses. The property features two drive-in doors (14'W x 14'H and 12'W x 14'H), providing excellent access for commercial vehicles. Floor drains are included. Situated in the South Philadelphia submarket, this location offers easy access to Center City Philadelphia. The property sits on a 12,300-square-foot lot and is zoned I-2. Utilities include 3-phase 200 AMP power. The property has no loading docks or elevators. Annual property taxes are $1.17 per square foot. The cross streets are 20th and Washington. The APN is 884006300. This rapidly developing area offers great street access and a unique clear-span layout. The entire 12,208 square feet is currently vacant.
Property profile
Verified
Property type
Other commercial real estate
Use group
WAREHOUSE, STORAGE
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,010 SF
Lot
0.28 ac (12,009 SF)
Zoning code
I2
APN
88-4-0063-00
UPID
US73-1888920
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.64M
Owner & transaction history
Salini Family Ptshp · 20 yrs held
Salini Family Ptshp
since 2006
1 recorded transaction
Zoning & alternative use
I2 · 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%
$2,045,000
6.5%
$1,890,000
7%
$1,755,000
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±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
$137 / 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
$14,291
Tax year 2023
Assessed value
$1,020,900
Assessed 2023
Previous assessed
$1,020,900
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$204,180
Assessed improvement
$816,720
Land market value
$204,180
Improvement market value
$816,720
Total market value
$1,020,900
Applied tax rate
30.0000
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
Other commercial real estate
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
12,010 SF
Lot
0.28 ac (12,009 SF)
Zoning code
I2
APN
88-4-0063-00
UPID
US73-1888920
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.
Building & site characteristics
From public records
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Salini Family Ptshp
Individual
Free & Clear · 20 yrs held
Mailing address
2424 S 22ND ST, PHILADELPHIA, PA 19145-4107
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2006
$118,624
Salini Family Ptshp
Salini Family Ptshp
Grant Deed
related
—
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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