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Property profile & analytics
OFF-MARKET
Estimated value
$30,790,000
Shopping centers
2200 Oregon Ave A Philadelphia, PA 19145-4197
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-1465160
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
184,505 SF
Lot
25.31 ac (1,102,634 SF)
Zoning code
CA2
APN
88-2-2450-00
UPID
US73-1465160
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
-
Rocco's Italian Sausage Restaurant
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Primo Water Exchange Big Box & Wholesale Store
-
Garden Center at The Home Depot Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$41.13M
Comparable Approach
Comparable
$34.23M
Blend (final)
Blend
$30.79M
Owner & transaction history
Quartermaster Plaza 1777 LLC · 3 yrs held
Quartermaster Plaza 1777 LLC
since 2022
Last sale
$27.0M
7 recorded transactions
Zoning & alternative use
CA2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$51.3M
+49.9%
Office building
$46.9M
+37.1%
Medical building
$45.3M
+32.4%
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
$24,585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$44,560,000
6.5%
$41,130,000
7%
$38,195,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$34,230,000
Current use
APARTMENT HOUSE (5+ UNITS)
$51,315,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$46,940,000
Change: +37% · Conversion: Moderate
MEDICAL BUILDING
$45,305,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$31,635,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$29,100,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$30.79M
Range $27.71M – $33.87M · ±10% · vs last sale $27.00M (Aug 12 2022)
Last sale anchor
$27.00M
Aug 12 2022
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
$167 / 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
$359,383
Tax year 2023
Assessed value
$25,673,900
Assessed 2023
Previous assessed
$25,673,900
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$17,971,710
Assessed improvement
$7,702,190
Land market value
$17,971,710
Improvement market value
$7,702,190
Total market value
$25,673,900
Applied tax rate
26.0000
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
184,505 SF
Lot
25.31 ac (1,102,634 SF)
Zoning code
CA2
APN
88-2-2450-00
UPID
US73-1465160
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CA2 · Philadelphia, PA
Zoning CA2 · permitted uses
CA2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$34.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$51.3M
OFFICE BUILDING
Est. value
$46.9M
MEDICAL BUILDING
Est. value
$45.3M
RETAIL STORES
Est. value
$31.6M
AUTO REPAIR, GARAGE
Est. value
$29.1M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
25.31 ac
Current owner
From public records · entity-resolved
Quartermaster Plaza 1777 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
CO DRA ADVISORS LLC 575TH 5TH AVE 38TH F FL, NEW YORK, NY 10017
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2022
$27,000,000
Quartermaster Plaza 1777 LLC
Cedar Quartermaster LLC
Quit Claim Deed
related
—
Aug 12, 2022
—
Quartermaster Plaza 1777 LLC
Cedar Quartermaster LLC
Assignment Of Sub Lease
—
Sep 28, 2017
—
Briad Wenco LLC
—
Loan Modification
related
$335,000,000 · Bank Of America
Mar 25, 2014
$553,515
Cedar Quartermaster LLC
Quartermaster Assocs Fc IV
Quit Claim Deed
related
—
Mar 25, 2014
$7,896,985
Cedar Quartermaster LLC
Fc Quartermaster Associates LP
Quit Claim Deed
related
—
Dec 28, 2005
$1,065,000
Fc Quartermaster Associates
Fc Quartermaster Associates
Quit Claim Deed
related
—
—
—
Fc Quartermaster Associates
—
Deed Of Trust
related
$43,600,000 · Deutsche Banc Mortgage Capital
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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