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Property profile & analytics
FOR SALE
Retail space
2459 Kensington Ave Philadelphia, PA 19125
Entity Owned
6-yr Hold
Free & Clear
Property ID
US73-2188561
For Sale
1 / 25
$2,095,000
2459 Kensington Ave, Philadelphia, PA 19125
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Property summary
AI-generated overview
This exceptional 9,107 square foot retail space, located at 2459 Kensington Avenue in Philadelphia County, presents a unique investment opportunity. The property, situated on a 0.44-acre lot, boasts a prominent location at a signaled intersection of E Cumberland Street and Kensington Avenue, ensuring high visibility and accessibility for potential businesses. The building underwent a complete renovation in 2020, presenting a modern and well-maintained structure ready for immediate occupancy. The single-tenant space offers ample parking with 10 spaces available on-site. The CMX2 zoning allows for a variety of commercial uses, making it suitable for a wide range of businesses. Its strategic location places it within easy reach of numerous local shops, parks, and restaurants, providing a vibrant and convenient environment for both employees and customers. The previous tenant was a Family Dollar, demonstrating the suitability of the space for retail operations. This property is an ideal choice for businesses seeking a high-traffic location with significant visibility and ample parking in a thriving Philadelphia neighborhood. The entire 9,107 square feet is currently vacant and available for lease.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,261 SF
Lot
0.44 ac (19,302 SF)
Zoning code
CMX3
APN
88-2-0480-01
UPID
US73-2188561
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$2.10M
Owner & transaction history
NAVNEET INC
NAVNEET INC
Zoning & alternative use
CMX3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.9M
+80.6%
Office building
$2.4M
+48.4%
Medical building
$2.3M
+43.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,745,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,590,000
Current use
RESTAURANT
$2,870,000
Change: +81% · Conversion: Easy
OFFICE BUILDING
$2,355,000
Change: +48% · Conversion: Easy
MEDICAL BUILDING
$2,275,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,035,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,720,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,495,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$2.10M
Range $1.89M – $2.30M · ±10%
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
$226 / 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
$46,193
Tax year 2023
Assessed value
$3,300,000
Assessed 2023
Previous assessed
$3,300,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$660,000
Assessed improvement
$2,640,000
Land market value
$660,000
Improvement market value
$2,640,000
Total market value
$3,300,000
Applied tax rate
31.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
9,261 SF
Lot
0.44 ac (19,302 SF)
Zoning code
CMX3
APN
88-2-0480-01
UPID
US73-2188561
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX3 · Philadelphia, PA
Zoning CMX3 · permitted uses
CMX3 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Philadelphia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
NAVNEET INC
Entity
Free & Clear · 0 yrs held
Mailing address
2459 KENSINGTON AVE #77, PHILADELPHIA, PA 19125-1235
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
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