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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2501 Wharton St Philadelphia, PA 19146

    • Industrial properties
    • 64,705 SF
    • 2.54 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1772669
    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.

    Current Use by Public Records

    • Central Bark Philadelphia-Center City / Kennel & Boarding Facility
    • Reed Street Builders / Construction Company / General Contractor
    • Philly RE Holdings / Real Estate Agency
    • Imperial Events Security Services / Security Service
    • Let Go Let Peace Come In Foundation / Association / Organization

    Property Details for 2501 Wharton St

    Year built
    1950
    Lot size
    2.54 lot acres
    Property size
    64,705 SF
    Zone code
    I2
    Property type
    Industrial properties
    APN
    88-4-1222-06
    APU
    884122206

    Description

    This 3,500 square foot flex/industrial space is available for lease at 2501 Wharton Street in Philadelphia, Pennsylvania's South Philadelphia submarket. Located in the Point Breeze section, this single-tenant space is part of a larger 60,000 square foot building and benefits from convenient access to University City and the Washington Avenue Corridor. The property features desirable characteristics including wide-open floor plans and impressive 13-foot ceiling heights, making it suitable for a variety of industrial and flex uses. The zoning is classified as 1-2. The property is situated in Philadelphia County, PA, with a zip code of 19146, and is conveniently located near the cross streets of South 25th and South 26th Streets. This space is ideal for businesses seeking a functional and well-located industrial or flex space in a thriving area of Philadelphia. Lease terms are negotiable. The building is already home to several established businesses, creating a vibrant and collaborative environment. This is a direct lease opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,487,000
      Market price range: $2.49M - $12.9M
      AI Estimate
      $2,780,000
      Market price range: $1.27M - $15.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1864
    Latitude
    39.9371
    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
    $21,255
    $303,680
    $1,214,720
    $1,518,400
    -
    $303,680
    $1,214,720
    $1,518,400

    Comparable in this City

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    • Value Estimation
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      2429 Reed St, Unit 1

      CONDOMINIUMS (INDUSTRIAL) • 11,742 SF
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      14,954 SF

      2431 Reed St, Unit 2

      CONDOMINIUMS (INDUSTRIAL) • 14,954 SF
      2431 Reed St, Philadelphia, PA 19146-4000
      View Details
    • Value Estimation
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      11,800 SF

      3520 Grays Fry Ave

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      3520 Grays Fry Ave, Philadelphia, PA 19146-3229
      View Details
    • Value Estimation
      $5,900,000
      18,874 SF

      1520 Washington Ave, Unit 30

      LUMBERYARD, BUILDING MATERIALS • 18,874 SF
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      View Details

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    Similar Nearby for Lease

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      Industrial Spaces For Rent

      Industrial spaces available in Philadelphia near University City.
      2501 Wharton St, Philadelphia, PA 19146
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      325,659 SF

      325,659 SF Warehouse Space

      Large warehouse with 40' clear height and ample parking.
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      2,000 SF Garage For Lease

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      Historic Philly Office Space

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    Philadelphia, PA 19146
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    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
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