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    Property profile & analytics

    2550 Grant Ave Philadelphia, PA 19114-2227

    • Strip malls
    • 108,533 SF
    • 9.39 lot acres
    OFF-MARKET
    Value Estimations
    $13,740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0263822
    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

    • Bubbakoo's Burritos / Take-out & Catering / Catering Service
    • Cars Hot Wheels Discount / (Bike/Boat/Book/etc) Store / Arcade & Gaming Center
    • Starbucks / Cafe & Coffee Shop
    • Bellagio Spa & Nail Care / Hair Salon / Nail Salon
    • Western Union / Bank / Credit Union

    Property Details for 2550 Grant Ave

    Year built
    2011
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.39 lot acres
    Property size
    108,533 SF
    Zone code
    CA2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    88-2-0697-50
    APU
    882069750

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $20,135,000
      Current use
      RETAIL STORES
      $18,610,000
      Change: -8% Conversion: Easy
      AUTO REPAIR, GARAGE
      $17,120,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.027
    Latitude
    40.078
    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
    $281,378
    $14,070,875
    $6,030,425
    $20,101,300
    -
    $14,070,875
    $6,030,425
    $20,101,300

    Comparable in this City

    • Value Estimation
      $3,925,000
      34,464 SF

      3330 Grant Ave, Unit 46

      SHOPPING CENTER, STRIP CENTER • 34,464 SF
      3330 Grant Ave, Philadelphia, PA 19114-2614
      View Details
    • Value Estimation
      $2,975,000
      25,871 SF

      9458 Lansford St

      SHOPPING CENTER, STRIP CENTER • 25,871 SF
      9458 Lansford St, Philadelphia, PA 19114
      View Details
    • Value Estimation
      $9,385,000
      90,202 SF

      9125 Marshall St

      SHOPPING CENTER, STRIP CENTER • 90,202 SF
      9125 Marshall St, Philadelphia, PA 19114
      View Details
    • Value Estimation
      $1,370,000
      12,000 SF

      9218 Ashton Rd, Unit 28

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      9218 Ashton Rd, Philadelphia, PA 19114-3408
      View Details
    • Value Estimation
      $5,065,000
      44,397 SF

      9200 Frankford Ave

      SHOPPING CENTER, STRIP CENTER • 44,397 SF
      9200 Frankford Ave, Philadelphia, PA 19114-2851
      View Details
    • Value Estimation
      $3,380,000
      29,207 SF

      2453 Grant Ave

      SHOPPING CENTER, STRIP CENTER • 29,207 SF
      2453 Grant Ave, Philadelphia, PA 19114-1004
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Philadelphia Center

      Retail spaces available in strategically located Philadelphia shopping center.
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      Retail Building at Frankford & Knights

      2,560 SF retail building in Northeast Philadelphia for sale.
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      43,858 SF

      Former Retail Opportunity on Frankford

      Former retail property on high-traffic Frankford Avenue.
      9212 Frankford Ave, Philadelphia, PA 19114
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    • $315,000
      0.14 Acres

      Prime Corner Lot in Philadelphia

      Large corner lot with building, suitable for retail or development.
      4999 Linden Ave, Philadelphia, PA 19114
      View Details
    • $2,750,000
      0.79 Acres

      Retail Property in Philadelphia

      Retail property available for sale in Philadelphia, Pennsylvania.
      2503-5 Welsh Rd, Philadelphia, PA 19114
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    • $315,000

      East Torresdale Corner Lot Building

      Large corner lot with building in prime location for sale.
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    Similar Nearby for Lease

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      7,400 SF

      Blue Grass Plaza Retail Space For Lease

      Prime Northeast Philly Retail Center
      2417 Welsh Rd, Philadelphia, PA 19114
      View Details
    • Contact for pricing
      136,685 SF

      Academy Plaza Retail Center

      Philadelphia Shopping Center: 10 Suites Available
      3250 Red Lion Rd, Philadelphia, PA 19114
      View Details
    • Contact for pricing
      6,426 SF

      Retail Space in Northeast Philadelphia

      Retail space available in a densely populated Philadelphia neighborhood.
      9161-9175 Roosevelt Blvd, Philadelphia, PA 19114
      View Details
    • Contact for pricing
      745 SF

      Retail Space in Academy Plaza

      Retail space available within a busy Philadelphia shopping center.
      3294 Red Lion Rd, Philadelphia, PA 19114
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space in Academy Plaza

      Retail space available in a busy Northeast Philadelphia shopping center.
      3268 Red Lion Rd, Philadelphia, PA 19114
      View Details
    • Contact for pricing
      32,033 SF

      Retail Space Near Otherworld

      Retail space available in shopping center near Otherworld.
      2500 Grant Ave, Philadelphia, PA 19114
      View Details

    Property Visit Statistics

    • Visits by month
      97.8k
    • Visitors by month
      49.6k
    • Avg Time on site
      28 min
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    Philadelphia, PA 19114-2227
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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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