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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Retail space
2206 Rdg Ave Philadelphia, PA 19121-2976
Entity Owned
4-yr Hold
Free & Clear
Property ID
US73-0065213
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,925 SF
Lot
0.03 ac (1,448 SF)
Zoning code
CMX2
APN
88-2-0384-90
UPID
US73-0065213
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
-
Magic Cleaner (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.15M
Owner & transaction history
2206 2208 Ridge Avenue Owner LLC · 4 yrs held
2206 2208 Ridge Avenue Owner LLC
since 2022
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,050,000
ML approach
$2,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±10% · vs last sale $2.25M (Mar 9 2022)
Last sale anchor
$2.25M
Mar 9 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
$733 / 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
$412
Tax year 2023
Assessed value
$29,400
Assessed 2023
Previous assessed
$29,400
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$5,880
Assessed improvement
$23,520
Land market value
$5,880
Improvement market value
$23,520
Total market value
$29,400
Applied tax rate
29.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Total area
2,925 SF
Lot
0.03 ac (1,448 SF)
Zoning code
CMX2
APN
88-2-0384-90
UPID
US73-0065213
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX2 · Philadelphia, PA
Zoning CMX2 · permitted uses
CMX2 · 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.
Building & site characteristics
From public records
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Lot
0.03 ac
Current owner
From public records · entity-resolved
2206 2208 Ridge Avenue Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
316 MELROSE AVE, MERION STATION, PA 19066-1717
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2025
—
2206 2208 Ridge Avenue Owner LLC
—
Deed
related
$786,500 · Nqm Funding LLC
Mar 9, 2022
$2,250,000
2206 2208 Ridge Avenue Owner LLC
22 Ridge Ave LLC
Special Warranty Deed
—
Aug 11, 2020
—
22 Ridge Ave LLC
—
Deed Of Trust
related
$1,332,000 · Sharon Bk
Mar 31, 2020
$10,000
22 Ridge Ave LLC
Warwick Holdings LLC
Grant Deed
—
Jul 25, 2019
$35,000
Warwick Holdings LLC
Nam,il H
Grant Deed
related
$89,600 · Direct Mtg Ln
Jan 10, 2006
$5,000
Il H Nam
Lee,oh Y & Young H
Grant Deed
related
—
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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