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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Flex space
2200 Weccacoe Ave Philadelphia, PA 19148-2812
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1038311
Property summary
AI-generated overview
This exceptional 13,535-square-foot industrial property presents a significant lease opportunity in Philadelphia, PA. Situated on I2-zoned land, this single-tenant space offers unparalleled flexibility for a variety of industrial uses. The property's strategic location provides easy access to major transportation arteries, including highways, railways, and ports, ensuring efficient logistics and streamlined operations. Businesses will appreciate the ample space, allowing for customized layouts to meet specific operational needs and accommodate future growth. The property's design prioritizes a pristine and functional environment, conducive to productivity and innovation. This is an ideal location for companies seeking to establish or expand their presence within Philadelphia's dynamic industrial sector. The property's management is dedicated to tenant satisfaction, ensuring a smooth and productive experience. This is a rare opportunity to secure a prime industrial space in a thriving market. Contact us to learn more about this exceptional property and schedule a viewing.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,929 SF
Lot
0.31 ac (13,535 SF)
Zoning code
I2
APN
88-4-7808-10
UPID
US73-1038311
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$990k
Owner & transaction history
Nigros II LLC · 5 yrs held
Nigros II LLC
since 2021
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+137.5%
Medical building
$1.2M
+129.2%
Neighborhood: shopping center
$915,000
+73.2%
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
$980,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,255,000
Change: +138% · Conversion: Difficult
MEDICAL BUILDING
$1,210,000
Change: +129% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$845,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$775,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±10% · vs last sale $1.00M (Apr 9 2021)
Last sale anchor
$1.00M
Apr 9 2021
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
$201 / 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
$7,292
Tax year 2023
Assessed value
$520,900
Assessed 2023
Previous assessed
$520,900
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$104,180
Assessed improvement
$416,720
Land market value
$104,180
Improvement market value
$416,720
Total market value
$520,900
Applied tax rate
39.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Total area
4,929 SF
Lot
0.31 ac (13,535 SF)
Zoning code
I2
APN
88-4-7808-10
UPID
US73-1038311
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
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
COMMERCIAL (GENERAL)
Est. value
$865,000
RETAIL STORES
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$775,000
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
Nigros II LLC
Entity
Mailing address
627 S 10TH ST FL, PHILADELPHIA, PA 19147-1993
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2021
$1,000,000
Nigros II LLC
Fnj Homes LLC
Warranty Deed
—
Aug 25, 2014
$550,000
Fnj Homes LLC
Weccacoe INC
Grant Deed
$4,750,000 · Weccacoe INC
—
—
Weccacoe INC
—
Deed Of Trust
related
$400,000 · Conestoga Bank
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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