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    2118 Cottman Ave Philadelphia, PA 19149
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    Property profile & analytics

    2118 Cottman Ave, Philadelphia, PA 19149

    View on Map
    • Shopping centers
    • 31,908 SF
    • 1.51 lot acres
    For Lease
    $3,620,000
    View Listing →
    Retail Space in Northeast Philadelphia For Lease
    $3,620,000
    2,084 SF

    Retail Space in Northeast Philadelphia

    Retail space available in a vibrant, high-traffic Philadelphia location.

    2118 Cottman Ave, Philadelphia, PA
    View Listing
    Property ID
    US73-0214350
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Diana Nazario / Physician
    • Yasmin Vesamia / Physician
    • Pius Jung / Physician
    • Mortgage, Bank of America / Loan Service / Bank
    • Lisa Maguire / Pediatrician / Physician

    Property Details for 2118 Cottman Ave

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.51 lot acres
    Zone code
    CA1
    Property type
    Shopping centers
    Property subtype
    Shopping centers
    APN
    88-2-0771-00
    APU
    882077100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 7, 2019 — Cottman Realty Associates LP — Grant Deed · related $8.2M · Bankwell Bk
    Dec 22, 2014 — Cottman Realty Associates LP — Grant Deed · related $7M · Bankwell Bank
    Mar 9, 2005 — Cottman Realty Associates — Deed Of Trust · related $6.1M · Bank Of America NA Bank Of America NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,920,000
      Current use
      AUTO REPAIR, GARAGE
      $5,035,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0633
    Latitude
    40.0491
    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
    $62,151
    $888,000
    $3,552,000
    $4,440,000
    -
    $888,000
    $3,552,000
    $4,440,000

    Comparable in this City

    • Value Estimation
      $24,450,000
      234,945 SF

      2201 Cottman Ave

      SHOPPING CENTER COMMON AREA
      2201 Cottman Ave, Philadelphia, PA 19149-1232
      View Details
    • Value Estimation
      $505,000
      4,950 SF

      3300 Knorr St

      PROFESSIONAL CLUBS/ASSOCIATIONS
      3300 Knorr St, Philadelphia, PA 19149-2629
      View Details
    • Value Estimation
      $800,000
      8,818 SF

      3301 Cottman Ave

      CREMATORIUM, MORTUARY
      3301 Cottman Ave, Philadelphia, PA 19149-1602
      View Details
    • Value Estimation
      $2,220,000
      19,482 SF

      6210 Bustleton Ave, Unit 44

      SHOPPING CENTER, STRIP CENTER
      6210 Bustleton Ave, Philadelphia, PA 19149-3431
      View Details
    • Value Estimation
      $1,650,000
      15,843 SF

      2825-35 Cottman Ave

      SHOPPING CENTER, STRIP CENTER
      2825-35 Cottman Ave, Philadelphia, PA 19149
      View Details
    • Value Estimation
      $28,270,000
      260,178 SF

      2327 Cottman Ave, Unit 83

      REGIONAL SHOPPING CENTER, MALL
      2327 Cottman Ave, Philadelphia, PA 19149-1008
      View Details

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      Retail Space in Philadelphia Hub

      Commercial space in a high-traffic Philadelphia retail hub.
      2327-2339 Cottman Ave, Philadelphia, PA 19149
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      Retail Space in High-Traffic Location

      Retail space in a busy Philadelphia shopping center for lease.
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      Retail Space in Philadelphia Hub

      Commercial space in a high-traffic Philadelphia retail center.
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      Philadelphia Commercial Space for Rent

      Commercial space available for rent in Philadelphia, Pennsylvania.
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      2,215 SF

      Retail Space in Northeast Philadelphia

      Retail space available in a high-traffic Philadelphia shopping center.
      2107-2139 Cottman Ave, Philadelphia, PA 19149
      View Details
    • Contact for pricing
      2,084 SF

      Retail Space in Northeast Philadelphia

      Retail space available in a vibrant, high-traffic Philadelphia location.
      2118 Cottman Ave, Philadelphia, PA 19149
      View Details
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    Philadelphia, PA 19149
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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