Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,865,000
Apartment buildings
227 Krams Ave Philadelphia, PA 19127-1283
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2243626
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,597 SF
Lot
0.41 ac (17,920 SF)
Zoning code
ICMX
APN
88-1-0864-57
UPID
US73-2243626
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
-
227 Krams Avenue Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.74M
Comparable Approach
Comparable
$5.45M
Blend (final)
Blend
$5.87M
Owner & transaction history
227 Krams LLC · 3 yrs held
227 Krams LLC
since 2023
Last sale
$6.0M
6 recorded transactions
Zoning & alternative use
ICMX · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ICMX, Industrial Commercial Mixed-Use District. 299 The ICMX, Industrial Commercial Mixed-Use district is primarily intended to accommodate commercial and low-impact industrial uses. The district may serve as a buffer between Industrial districts and Commercial and Residential Districts. (.3)
Zone name
Industrial Commercial Mixed Use
General category
MIXED_USE
Zone area
1,458.50 ac
Top alternative use upside
Restaurant
$6.1M
+11.3%
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
$7,130,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,140,000
6.5%
$4,740,000
7%
$4,405,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,450,000
Current use
RESTAURANT
$6,070,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$4,985,000
Change: -9% · Conversion: Moderate
MEDICAL BUILDING
$4,810,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$5.87M
Range $5.28M – $6.45M · ±10% · vs last sale $6.00M (Mar 29 2023)
Last sale anchor
$6.00M
Mar 29 2023
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
$299 / 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
$6,375
Tax year 2023
Previous assessed
$455,430
Total market value
$4,554,300
Applied tax rate
21.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
CENTRAL
Stories
4
Total area
19,597 SF
Lot
0.41 ac (17,920 SF)
Zoning code
ICMX
APN
88-1-0864-57
UPID
US73-2243626
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
ICMX · Philadelphia, PAZoning ICMX · permitted uses
ICMX · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ICMX, Industrial Commercial Mixed-Use District. 299 The ICMX, Industrial Commercial Mixed-Use district is primarily intended to accommodate commercial and low-impact industrial uses. The district may serve as a buffer between Industrial districts and Commercial and Residential Districts. (.3)
Zone name
Industrial Commercial Mixed Use
General category
MIXED_USE
Zone area
1,458.50 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.5M
RESTAURANT
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.0M
MEDICAL BUILDING
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
4
Lot
0.41 ac
Current owner
From public records · entity-resolved
227 Krams LLC
Entity
Mailing address
138 ATLANTIC AVE, BROOKLYN, NY 11201-5597
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
Mar 29, 2023
$6,000,000
227 Krams LLC
277 Krams Dp Partners LP
Deed
$3,550,000 · Vast Bank NA
Nov 1, 2018
—
227 Krams Dp Partners LP
—
Deed
related
$4,550,000 · Santander Bk NA
May 14, 2016
—
227 Krams Dp Partners LP
—
Deed
related
$2,900,000 · Peoples Sec Bk&tr
Jan 25, 2016
$288,557
227 Krams Dp Partners LP
Daniel R Neducsin
Grant Deed
$1,250,000 · Noma Properties LP
—
—
227 Krams Dp Partners LP
—
Deed Of Trust
related
$4,550,000 · Santander Bk NA
—
—
227 Krams Dp Partners LP
—
Deed Of Trust
related
$2,900,000 · Peoples Sec Bk&tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 227 Krams Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
