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Property profile & analytics
OFF-MARKET
Estimated value
$13,135,000
Office buildings
2054 Red Lion Rd 68 Philadelphia, PA 19115-1603
Entity Owned
Free & Clear
Property ID
US73-4939389
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
67,878 SF
Lot
11.54 ac (502,552 SF)
Zoning code
RSD3
APN
88-3-3792-60
UPID
US73-4939389
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
-
Dunkin' (Bike/Boat/Book/etc) Store Bakery
-
BJ's Bakery Bakery Specialty Food Shop
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
BJ's Gas Station Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.27M
Blend (final)
Blend
$13.14M
Owner & transaction history
AMERICAN HERITAGE FED CU
AMERICAN HERITAGE FED CU
Zoning & alternative use
RSD3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
printable PDF version, click HERE } Map Symbol District Name Previously Known As Map Symbol District Name Previously Known As RSD-1 Residential Single-Family Detached-1 R1 RSD-2 Residential Single-Family Detached-2 R1A RSD-3 Residential Single-Family Detached-3 R2 RSA-1 Residential Single-Family Attached-1 R3 RSA-2 Residential Single-Family Attached-2 R4 RSA…
Zone name
Residential Single Family Detached
General category
RESIDENTIAL
Zone area
3,795.68 ac
Top alternative use upside
Restaurant
$21.0M
+21.7%
Apartment house (5+ units)
$18.9M
+9.3%
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
OFFICE BUILDING
$17,270,000
Current use
RESTAURANT
$21,020,000
Change: +22% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$18,880,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$16,665,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$13.14M
Range $11.82M – $14.45M · ±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
$194 / 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
$170,936
Tax year 2023
Previous assessed
$11,410,100
Total market value
$16,675,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Cooling
CENTRAL
Stories
3
Total area
67,878 SF
Lot
11.54 ac (502,552 SF)
Zoning code
RSD3
APN
88-3-3792-60
UPID
US73-4939389
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RSD3 · Philadelphia, PAZoning RSD3 · permitted uses
RSD3 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
printable PDF version, click HERE } Map Symbol District Name Previously Known As Map Symbol District Name Previously Known As RSD-1 Residential Single-Family Detached-1 R1 RSD-2 Residential Single-Family Detached-2 R1A RSD-3 Residential Single-Family Detached-3 R2 RSA-1 Residential Single-Family Attached-1 R3 RSA-2 Residential Single-Family Attached-2 R4 RSA-3 Residential Single-Family Attached-3 R5 RSA-4 Residential Single-Family Attached-
Zone name
Residential Single Family Detached
General category
RESIDENTIAL
Zone area
3,795.68 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$17.3M
RESTAURANT
Est. value
$21.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.9M
MEDICAL BUILDING
Est. value
$16.7M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Cooling
Yes
Stories
3
Lot
11.54 ac
Current owner
From public records · entity-resolved
AMERICAN HERITAGE FED CU
Individual
Free & Clear · 0 yrs held
Mailing address
2060 RED LION RD, PHILADELPHIA, PA 19115-1603
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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