Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2121 Allegheny Ave Philadelphia, PA 19134-3837

    • Flex space
    • 58,939 SF
    • 2.25 lot acres
    OFF-MARKET
    Value Estimations
    $1,705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0173379
    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

    • Tot-Time Child Development Center / Daycare Center

    Property Details for 2121 Allegheny Ave

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.25 lot acres
    Property size
    58,939 SF
    Zone code
    I2
    Property type
    Flex space
    APN
    88-4-8434-00
    APU
    884843400

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,227,000
      Market price range: $1.00M - $6.00M

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1077
    Latitude
    39.992
    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
    $16,039
    $229,160
    $916,640
    $1,145,800
    -
    $229,160
    $916,640
    $1,145,800

    Comparable in this City

    • Value Estimation by Request
      2,025 SF

      2801 Wishart St, Unit 7

      LIGHT INDUSTRIAL • 2,025 SF
      2801 Wishart St, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      3,060 SF

      3305 Amber St

      LIGHT INDUSTRIAL • 3,060 SF
      3305 Amber St, Philadelphia, PA 19134
      View Details
    • Value Estimation
      $3,015,000
      56,547 SF

      3600 G St

      LIGHT INDUSTRIAL • 56,547 SF
      3600 G St, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      240 SF

      3040 Tioga St

      LIGHT INDUSTRIAL • 240 SF
      3040 Tioga St, Philadelphia, PA 19134
      View Details
    • Value Estimation by Request
      990 SF

      857 Ontario St

      LIGHT INDUSTRIAL • 990 SF
      857 Ontario St, Philadelphia, PA 19134-1308
      View Details
    • Value Estimation by Request
      2,720 SF

      512 Ontario St, Unit 14

      LIGHT INDUSTRIAL • 2,720 SF
      512 Ontario St, Philadelphia, PA 19134-1122
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,020 SF

      Multi-Tenant Industrial Building For Sale

      Multi-tenant industrial building with lofted office space and high ceilings.
      3001 Ormes St, Philadelphia, PA 19134
      View Details
    • $1,265,000
      13,500 SF

      Port Richmond Artist Studio Building

      Two-story artist studio building with professional artist studios/office space.
      3130-34 Belgrade St, Philadelphia, PA 19134
      View Details
    • $450,000
      0.12 Acres

      Port Richmond Development Opportunity

      Street-to-street lot with development potential in fast-growing Port Richmond.
      3557-61 Sepviva St, Philadelphia, PA 19134
      View Details
    • $5,500,000
      29,100 SF

      Philadelphia Industrial Flex Space

      High-yield, single-tenant industrial investment.
      219 Lehigh Ave, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      9,240 SF

      Philadelphia Warehouse: 9,240 SF

      Prime Philadelphia industrial warehouse, ideal for various uses.
      2832-34 Pacific St, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      83,376 SF

      Philadelphia Industrial Property with Drive-Ins

      Industrial property in Philadelphia featuring multiple drive-in entrances.
      2848 Chatham St, Philadelphia, PA 19134
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      11,000 SF

      Philadelphia Retail Space for Lease

      Newly renovated, flexible space available.
      2034 Willard St, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      8,000 SF

      118 Indiana Ave

      Distribution properties • 8,000 SF
      118 Indiana Ave, Philadelphia, PA 19134
      View Details
    • $1.26 SF/Yr
      11,000 SF

      Philadelphia Office Space for Lease

      Move-in ready, renovated office space.
      2030 Willard St, Philadelphia, PA 19134
      View Details
    • $15 SF/Yr
      16,553 SF

      Creative Space with Roll-Up Door

      Maker's space with courtyard, parking, and easy access.
      1909-23 E Westmoreland St, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      7,350 SF

      Industrial Warehouse Space Available

      7,350 SF warehouse space for rent in Philadelphia.
      3381 Richmond St, Philadelphia, PA 19134
      View Details
    • Contact for pricing
      6,500 SF

      Industrial Warehouse Space Available

      6,500 SF warehouse space for rent in Philadelphia.
      2930 E Ontario St, Philadelphia, PA 19134
      View Details

    Property Visit Statistics

    • Visits by month
      17.3k
    • Visitors by month
      9.2k
    • Avg Time on site
      6 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2121 Allegheny Ave
    Philadelphia, PA 19134-3837
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.