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Property profile & analytics
OFF-MARKET Estimated value $610,000
Retail space

2318 Washington Ave 28 Philadelphia, PA 19146-2436

4,379 SF 0.44 ac lot Built 1935
Trust Owned 8-yr Hold Free & Clear
Property ID
US73-2595151
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1935
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,379 SF
Lot 0.44 ac (18,980 SF)
Zoning code I2
APN 88-2-9660-50
UPID US73-2595151
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
  • Habitat for Humanity Philadelphia ReStore Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$760k
Comparable Approach Comparable
$841k
Blend (final) Blend
$610k
Owner & transaction history
Kaing,lon Living Trust · 8 yrs held
Kaing,lon Living Trust
since 2017
3 recorded transactions
2017
Price N/A
2017
Price N/A
1998
$120,000
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

I-2 Medium Industrial G-1 G-2 Food Distribution Center I-3 Heavy Industrial LR I-P Port Industrial Port Industrial (.2) Map Symbols. (.a) The Industrial district map symbols are intended to provide a general, relative indication of the range of uses and activities allowed within the respective districts. "I" is used to indicate a zoning district primarily in…

Zone name Medium Industrial
General category INDUSTRIAL
Zone area 6,310.58 ac
Source TITLE 14. ZONING AND PLANNING
Top alternative use upside
Neighborhood: shopping center $810,000 +8.2%
Commercial (general) $785,000 +4.9%
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