Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2449 Kensington Ave Philadelphia, PA 19125-1235
    Back to Search
    Property profile & analytics

    2449 Kensington Ave, Philadelphia, PA 19125-1235

    View on Map
    • Parking lots & garages
    • 1,890 SF
    • 0.03 lot acres
    Off-Market
    Property ID
    US73-1896919
    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
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 2449 Kensington Ave

    Lot size
    0.03 lot acres
    Zone code
    CMX2.5
    Property type
    Parking lots & garages
    APN
    31-1-0475-01
    APU
    311047501

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 17, 2012 — St Francis Inn Order Of Friars Minor/province/mo Grant Deed —
    Nov 9, 1999 — Redev Auth City Of Philadelphia Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $699,000
      Market price range: $469k - $3.13M
      AI Estimate
      $455,000
      Market price range: $456k - $1.42M

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1303
    Latitude
    39.9869
    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
    $0.00
    $0.00
    $0.00
    $12,300
    -
    $0.00
    $0.00
    $12,300

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      1829 Huntingdon St, Unit 41

      PARKING LOT
      1829 Huntingdon St, Philadelphia, PA 19125-1119
      View Details
    • Value Estimation by Request
      543 SF

      2305 Gordon St

      PARKING GARAGE, PARKING STRUCTURE
      2305 Gordon St, Philadelphia, PA 19125
      View Details
    • Value Estimation by Request
      747 SF

      2510 Townsend St

      PARKING GARAGE, PARKING STRUCTURE
      2510 Townsend St, Philadelphia, PA 19125
      View Details
    • Value Estimation by Request
      612 SF

      1239 Colona St

      PARKING GARAGE, PARKING STRUCTURE
      1239 Colona St, Philadelphia, PA 19125
      View Details
    • Value Estimation
      $1,810,000
      5,928 SF

      1820 Cumberland St

      PARKING LOT
      1820 Cumberland St, Philadelphia, PA 19125-1339
      View Details
    • Value Estimation by Request
      408 SF

      2084 Cumberland St

      PARKING GARAGE, PARKING STRUCTURE
      2084 Cumberland St, Philadelphia, PA 19125-1716
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,084 SF

      Versatile Warehouse with Commissary Kitchen

      Open warehouse space with kitchen, offices, and gated parking.
      1100 E Berks St, Philadelphia, PA 19125
      View Details
    • New
      $850,000
      1,629 SF

      Industrial Flex Through-Lot Package

      Three CMX-2 zoned properties on Frankford Avenue, including a through-lot industrial garage-style building with multiple access points.
      2603 Frankford Ave, Philadelphia, PA 19125
      View Details
    • Contact for pricing
      6,753 SF

      Fishtown/Olde Richmond Retail Property

      6,753 SF retail property in Philadelphia's Fishtown/Olde Richmond.
      2409 Cedar St, Philadelphia, PA 19125
      View Details
    • Contact for pricing

      Fishtown Building with Parking

      Free-standing building in Northeast Philadelphia with parking.
      2459 Kensington Ave, Philadelphia, PA 19125
      View Details
    • $275,000
      975 SF

      Fishtown Corner Storefront Duplex

      Thriving Fishtown mixed-use property with storefront and apartment.
      2621 Sepviva St, Philadelphia, PA 19125
      View Details
    • Contact for pricing

      New Mixed-Use Project Retail Space

      Retail space available in Philadelphia's vibrant Fishtown neighborhood.
      1929-1945 York St, Philadelphia, PA 19125
      View Details

    Similar Nearby for Lease

    • 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
    • $3,350 /Mo
      2,431 SF

      New Retail Space in Fishtown

      Bi-level retail space in Philadelphia's vibrant Fishtown neighborhood.
      2025 Amber St, Philadelphia, PA 19125
      View Details
    • Contact for pricing
      1,010 SF

      New Retail Space in Fishtown

      Bi-level retail space in vibrant Fishtown neighborhood.
      2025 Amber St, 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.
    2449 Kensington Ave
    Philadelphia, PA 19125-1235
    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
    2449 Kensington 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!