Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2418 Frankford Ave, Unit 20 Philadelphia, PA 19125-1672
    Back to Search
    Property profile & analytics

    2418 Frankford Ave, Unit 20, Philadelphia, PA 19125-1672

    View on Map
    • Apartment buildings
    • 8,809 SF
    • 0.07 lot acres
    Off-Market
    Property ID
    US73-5215726
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,800,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2418 Frankford Ave

    Year built
    2016
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Zone code
    CMX2
    Property type
    Apartment buildings
    APN
    88-1-0693-15
    APU
    881069315

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 23, 2018 $3,766,000 Pp 2418-24 Frankford LLC 2418 Frankford Place LLC Grant Deed · related —
    Jun 14, 2016 — 2418 Frankford Place LLC 2418 Frankford Place LLC Quit Claim Deed · related $2M · Penn Cmnty Bk
    Jul 2, 2015 — 2418 Frankford Place LLC 2418 Frankford Place LLC Quit Claim Deed · related —
    Apr 13, 2015 $401,000 2418 Frankford Place LLC 2418 Frankford LLC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,462,000
      Market price range: $2.73M - $4.21M
      AI Estimate
      $2,132,000
      Market price range: $812k - $3.81M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1274
    Latitude
    39.9821
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,623
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $1,159,800

    Comparable in this City

    • Value Estimation
      $3,085,000
      9,720 SF

      2036 Frankford Ave

      APARTMENT HOUSE (5+ UNITS)
      2036 Frankford Ave, Philadelphia, PA 19125-1921
      View Details
    • Value Estimation by Request

      2476 Frankford Ave

      Multifamily properties
      2476 Frankford Ave, Philadelphia, PA 19125
      View Details
    • Value Estimation by Request

      955 Shackamaxon St, Unit 1

      APARTMENT HOUSE (5+ UNITS)
      955 Shackamaxon St, Philadelphia, PA 19125-4188
      View Details
    • Value Estimation by Request
      902 SF

      700 Moyer St, Unit 105

      APARTMENT HOUSE (5+ UNITS)
      700 Moyer St, Philadelphia, PA 19125-3471
      View Details
    • Value Estimation
      $10,205,000
      32,130 SF

      2411 Kensington Ave, Unit 19

      APARTMENT HOUSE (5+ UNITS)
      2411 Kensington Ave, Philadelphia, PA 19125-1257
      View Details
    • Value Estimation by Request

      957 Shackamaxon St, Unit 3

      APARTMENT HOUSE (5+ UNITS)
      957 Shackamaxon St, Philadelphia, PA 19125-4174
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fully Occupied Multi-Unit Portfolio

      Cash-flowing portfolio with 22 units in three buildings.
      1918 E Cumberland St, Philadelphia, PA 19125
      View Details
    • $2,950,000
      17,500 SF

      Fishtown Historic Building with Solar

      Iconic Philadelphia building with modern updates and income potential.
      1345 E Susquehanna Ave, Philadelphia, PA 19125
      View Details
    • Contact for pricing

      Fully Occupied Multifamily Portfolio

      Cash-flowing portfolio with 22 units in three buildings.
      1842 E Harold St, Philadelphia, PA 19125
      View Details
    • $749,000
      3,609 SF

      Mixed-Use Property in East Kensington

      Income-producing property near Frankford Avenue with commercial and residential units.
      2557 Amber St, Philadelphia, PA 19125
      View Details
    • New
      $745,000
      4,050 SF

      Fishtown Mixed-Use Investment Opportunity

      Three-story mixed-use building in the heart of Fishtown, Philadelphia.
      440 E Girard Ave, Philadelphia, PA 19125
      View Details
    • $3,900,000
      15,750 SF

      Fishtown Loft Condominium Opportunity

      Unique investment property near Market-Frankford EL in Philadelphia.
      2135 E Susquehanna Ave #13, Philadelphia, PA 19125
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      KOZ Abatement Office Spaces

      Office spaces with generous tax subsidies and experiential lifestyle add-ons.
      1325 N Beach St, Philadelphia, PA 19125
      View Details
    • Contact for pricing

      Fishtown Retail Space with Garage

      Rustic industrial space in Fishtown with high ceilings and access.
      1706 Frankford Ave, Philadelphia, PA 19125
      View Details
    • Contact for pricing
      2,250 SF

      Ground Floor Retail Space Available

      2,250 SF retail space with dedicated outdoor area.
      2031 E Lehigh Ave, Philadelphia, PA 19125
      View Details
    • Contact for pricing

      Retail Space in Fishtown

      Retail space available in Philadelphia's vibrant Fishtown neighborhood.
      1929-1945 York St, Philadelphia, PA 19125
      View Details
    • Contact for pricing
      2,200 SF

      Fishtown Retail/Garage Space Available

      2,200 SF retail/garage space in Philadelphia's Fishtown neighborhood.
      1325 N Lee St, Philadelphia, PA 19125
      View Details
    • New
      $7,917 /Mo
      1,612 SF

      Multi-Level Office Suite with Rooftop Deck

      Two-level office with private patio, rooftop deck, and ductless mini-split HVAC; tenants pay utilities plus NNN.
      1140 Frankford Ave, Philadelphia, PA 19125
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2418 Frankford Ave, Unit 20
    Philadelphia, PA 19125-1672
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2418 Frankford Ave, Philadelphia, PA, 19125
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!