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Property profile & analytics
OFF-MARKET
Estimated value
$31,320,000
Manufacturing properties
2121 Wheatsheaf Ln Philadelphia, PA 19137-1021
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-4325563
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
297,140 SF
Lot
21.25 ac (925,781 SF)
Zoning code
I2
APN
88-4-2040-10
UPID
US73-4325563
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
-
2121 Wheatsheaf Lane Llc Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.56M
Comparable Approach
Comparable
$31.45M
Blend (final)
Blend
$31.32M
Owner & transaction history
Hg Wheatsheaf Vertical LLC · 3 yrs held
Hg Wheatsheaf Vertical LLC
since 2023
6 recorded transactions
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$51.0M
+60.1%
Auto repair, garage
$46.9M
+47.3%
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%
$36,360,000
6.5%
$33,560,000
7%
$31,165,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$31,830,000
Current use
RETAIL STORES
$50,950,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$46,870,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$31.32M
Range $28.19M – $34.45M · ±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
$105 / 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
$344,648
Tax year 2023
Assessed value
$24,621,200
Assessed 2023
Previous assessed
$31,500,000
-21.8% YoY
Effective rate
1.40%
On assessed value
Assessed land
$4,800,000
Assessed improvement
$19,821,200
Land market value
$4,800,000
Improvement market value
$19,821,200
Total market value
$24,621,200
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
297,140 SF
Lot
21.25 ac (925,781 SF)
Zoning code
I2
APN
88-4-2040-10
UPID
US73-4325563
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
$31.8M
RETAIL STORES
Est. value
$51.0M
AUTO REPAIR, GARAGE
Est. value
$46.9M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1929
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
21.25 ac
Current owner
From public records · entity-resolved
Hg Wheatsheaf Vertical LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1 KIMBERLY RD STE #105, EAST BRUNSWICK, NJ 08816-2035
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2026
—
Hg Wheatsheaf Vertical LLC
—
Deed
related
$46,000,000 · The Lincoln National Life Insurance Comp
Jun 21, 2023
—
Hg Wheatsheaf Vertical LLC
Fgd Wheatsheaf Venture LLC
Lease
—
Nov 17, 2021
$31,500,000
Fgd Wheatsheaf Venture LLC
2121 Wheatsheaf Lane LLC
Special Warranty Deed
$17,000,000 · Hrc Wheatsheaf Venture LLC
Mar 1, 2016
—
2121 Wheatsheaf Lane LLC
Pidc Financing Corp
Grant Deed
—
Oct 7, 2005
—
Philadelphia Authority Of Indl D
City Of Philadelphia
Quit Claim Deed
—
Oct 7, 2005
$15,000
Pidc Financing Corp
Philadelphia Authority Of Indl D
Grant Deed
—
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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