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    Property profile & analytics

    2040 Bennett Rd, Unit 50 Philadelphia, PA 19116-3020

    • Flex space
    • 29,450 SF
    • 1.54 lot acres
    OFF-MARKET
    Value Estimation
    $1,300,000
    Last Sale
    May 19, 2020
    $1,325,000
    Location Intelligence
    Property ID
    US73-1684824
    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

    • Elevator Construction and Repair Co. Inc / Elevator Service / Company

    Property Details for 2040 Bennett Rd

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.54 lot acres
    Property size
    29,450 SF
    Zone code
    I2
    Property type
    Flex space
    APN
    88-4-2337-07
    APU
    884233707

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,200,000
      6.5%
      $1,205,000
      7%
      $1,345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,240,000
      Geo Method
      $1,265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,280,000
      Retail
      $1,105,000
      Mixed-Use
      $1,260,000
      Hospitality
      $1,065,000
      Educational
      $1,390,000
      Residential Income
      $1,045,000
      Energy
      $1,010,000
      Income-Based Land
      $1,100,000
      Food Service
      $1,195,000

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0097
    Latitude
    40.1076
    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
    $19,788
    $282,720
    $1,130,880
    $1,413,600
    -
    $282,720
    $1,130,880
    $1,413,600

    Comparable in this City

    • Value Estimation by Request
      75,370 SF

      2030 Byberry Rd

      LIGHT INDUSTRIAL • 75,370 SF
      2030 Byberry Rd, Philadelphia, PA 19116-3016
      View Details
    • Value Estimation by Request
      161,000 SF

      1701 Tomlinson Rd, Unit 41

      LIGHT INDUSTRIAL • 161,000 SF
      1701 Tomlinson Rd, Philadelphia, PA 19116-3847
      View Details
    • Value Estimation by Request
      80,010 SF

      2000 Bennett Rd

      LIGHT INDUSTRIAL • 80,010 SF
      2000 Bennett Rd, Philadelphia, PA 19116-3020
      View Details
    • Value Estimation by Request
      14,245 SF

      2060 Bennett Rd

      LIGHT INDUSTRIAL • 14,245 SF
      2060 Bennett Rd, Philadelphia, PA 19116-3020
      View Details
    • Value Estimation by Request
      82,950 SF

      11500 Roosevelt Blvd E E Ste

      LIGHT INDUSTRIAL • 82,950 SF
      11500 Roosevelt Blvd E E Ste, Philadelphia, PA 19116-3000
      View Details
    • Value Estimation
      $6,560,000
      51,900 SF

      10082 Sandmeyer Ln, Unit 88

      LIGHT INDUSTRIAL • 51,900 SF
      10082 Sandmeyer Ln, Philadelphia, PA 19116-3502
      View Details

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    Similar Nearby for Lease

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      33,150 SF

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      23,000 SF

      Industrial Space in Philadelphia

      23,000 sq ft industrial property available for rent.
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    • $11 SF/Yr
      11,000 SF

      Industrial Space in Northeast Philadelphia

      11,000 SF industrial space for lease in Philadelphia.
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      12,368 SF

      Industrial Space with Easy Access

      Industrial space with convenient access to major transportation routes.
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    • Contact for pricing
      100,272 SF

      Philadelphia Warehouse Near Major Routes

      100,272 SF warehouse with KOZ designation near highways.
      2021 Woodhaven Rd, Philadelphia, PA 19116
      View Details
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    Philadelphia, PA 19116-3020
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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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