Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,930,000
Grocery and convenience stores
233 Lehigh Ave 63 Philadelphia, PA 19133-3423
Entity Owned
4-yr Hold
Free & Clear
Property ID
US73-4410366
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,105 SF
Lot
1.44 ac (62,509 SF)
Zoning code
ICMX
APN
88-2-0637-40
UPID
US73-4410366
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
-
El Tio Food Truck Restaurant
-
UNIVERSAL MARBLE & GRANITE (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
Cousin's Food Market Inc Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.19M
Comparable Approach
Comparable
$4.13M
Blend (final)
Blend
$3.93M
Owner & transaction history
Universal Marble And Granite LLC · 4 yrs held
Universal Marble And Granite LLC
since 2021
Last sale
$3.8M
4 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
Office building
$6.1M
+48.4%
Medical building
$5.9M
+43.2%
Neighborhood: shopping center
$4.5M
+8.2%
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
$3,715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,540,000
6.5%
$4,190,000
7%
$3,890,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,135,000
Current use
OFFICE BUILDING
$6,135,000
Change: +48% · Conversion: Easy
MEDICAL BUILDING
$5,920,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,470,000
Change: +8% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,895,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,800,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$3.93M
Range $3.54M – $4.32M · ±10% · vs last sale $3.80M (Aug 28 2021)
Last sale anchor
$3.80M
Aug 28 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
$163 / 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
Previous assessed
$2,531,000
Total market value
$2,531,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
24,105 SF
Lot
1.44 ac (62,509 SF)
Zoning code
ICMX
APN
88-2-0637-40
UPID
US73-4410366
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
RETAIL STORES Current
Est. value
$4.1M
OFFICE BUILDING
Est. value
$6.1M
MEDICAL BUILDING
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.8M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Universal Marble And Granite LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1450 GRN HL RD, COLLEGEVILLE, PA 19426-1540
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2021
$3,800,000
Universal Marble And Granite LLC
West Lehigh Realty LLC
Deed
—
Feb 11, 2015
—
West Lehigh Realty LLC
West Lehigh Realty LLC
Quit Claim Deed
related
—
Aug 21, 2014
—
West Lehigh Realty LLC
—
Grant Deed
related
$2,625,000 · Banco Popular
May 16, 2014
$1,700,000
West Lehigh Realty LLC
Cousins Props INC
Trustees Deed
$2,000,000 · White Rose INC
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 233 Lehigh Ave, Unit 63?
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.
