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Property profile & analytics
FOR SALE
Other commercial real estate
2025 Washington Ave, Philadelphia, PA 19146
Trust Owned
16-yr Hold
Free & Clear
Property ID
US73-2582329
For Sale
1 / 4
$4,250,000
2025 Washington Ave, Philadelphia, PA 19146
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Property summary
AI-generated overview
This exceptional two-story, 21,646 square foot building offers a unique blend of creative office and flex space, ideally suited for a single tenant. Located at 2025 Washington Avenue, near the intersection of 20th and Washington, this property boasts a 16-foot ceiling height, providing ample room for various uses. Renovated in 2013, the building features one elevator and one drive-in bay, enhancing accessibility and functionality. The property is zoned I-2 - Industrial Mixed Use, offering flexibility for a range of businesses. The building is sprinklered for enhanced safety. An additional 12,200 square feet of clear-span warehouse space is available adjacent to the main building, totaling 33,846 square feet should the need arise for expansion. Property taxes are $0.60 per square foot. This single-tenant building presents a rare opportunity to secure a substantial and versatile commercial space in a desirable location. The property's APN is 884006310. This is a fantastic opportunity for a business seeking a unique and functional space to grow.
Property profile
Verified
Property type
Other commercial real estate
Use group
LIGHT INDUSTRIAL
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,705 SF
Lot
0.29 ac (12,722 SF)
Zoning code
I2
APN
88-4-0063-10
UPID
US73-2582329
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
-
Thrivo Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
NextFab Training Center Vocational School
-
Internet Think Tank, Inc Corporate Office
-
NextFab Product Development Research And Product Development
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.47M
Owner & transaction history
Salini Francesco 2010 Trust · 16 yrs held
Salini Francesco 2010 Trust
since 2010
1 recorded transaction
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+73.2%
Commercial (general)
$2.3M
+67.9%
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%
$1,555,000
6.5%
$1,435,000
7%
$1,335,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,360,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,355,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,285,000
Change: +68% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±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
$116 / 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
$12,780
Tax year 2023
Assessed value
$913,000
Assessed 2023
Previous assessed
$913,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$182,600
Assessed improvement
$730,400
Land market value
$182,600
Improvement market value
$730,400
Total market value
$913,000
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
LIGHT INDUSTRIAL
Status
For Sale
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
12,705 SF
Lot
0.29 ac (12,722 SF)
Zoning code
I2
APN
88-4-0063-10
UPID
US73-2582329
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Salini Francesco 2010 Trust
Trust
Free & Clear · 16 yrs held
Mailing address
2424 S 22ND ST, PHILADELPHIA, PA 19145-4107
Ownership since
2010
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 7, 2010
—
Salini Francesco 2010 Trust
Salini,frank
Quit Claim 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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