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Property profile & analytics
FOR LEASE
Truck terminals
2470 Wheatsheaf Ln, Philadelphia, PA 19137
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-1210425
For Lease
1 / 14
$12,925,000
2470 Wheatsheaf Ln, Philadelphia, PA 19137
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Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,950 SF
Lot
3.41 ac (148,496 SF)
Zoning code
I2
APN
88-4-2005-01
UPID
US73-1210425
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
$8.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.93M
Owner & transaction history
Cpi Gp Wheatsheaf Owner LLC · 3 yrs held
Cpi Gp Wheatsheaf Owner LLC
since 2023
Last sale
$13.2M
5 recorded transactions
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$12,480,000
ML approach
$8,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.93M
Range $11.63M – $14.22M · ±10% · vs last sale $13.15M (Mar 6 2023)
Last sale anchor
$13.15M
Mar 6 2023
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
$763 / 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
$34,246
Tax year 2023
Assessed value
$2,446,500
Assessed 2023
Previous assessed
$1,017,000
+140.6% YoY
Effective rate
1.40%
On assessed value
Assessed land
$733,950
Assessed improvement
$1,712,550
Land market value
$733,950
Improvement market value
$1,712,550
Total market value
$2,446,500
Applied tax rate
45.0000
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
For Lease
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
16,950 SF
Lot
3.41 ac (148,496 SF)
Zoning code
I2
APN
88-4-2005-01
UPID
US73-1210425
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Philadelphia, PA
Zoning I2 · permitted uses
I2 · 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.
Building & site characteristics
From public records
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
3.41 ac
Current owner
From public records · entity-resolved
Cpi Gp Wheatsheaf Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
200 QUEENS RD STE #300, CHARLOTTE, NC 28204-3257
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
$13,150,000
Cpi Gp Wheatsheaf Owner LLC
Ig Logistics 2 LLC
Special Warranty Deed
—
Mar 6, 2023
—
Cpi Gp Wheatsheaf Owner LLC
Ig Logistics 2 LLC
Quit Claim Deed
related
—
Jan 31, 2022
—
Ig Logistics 2 LLC
Dorian INC
Quit Claim Deed
related
—
Jan 31, 2022
$2,878,205
Ig Logistics 2 LLC
Dorian INC
Special Warranty Deed
—
Sep 21, 2017
$710,000
Dorian INC
Pidc Financing Corp
Grant Deed
—
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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