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

    2638-48 Cumberland St Philadelphia, PA 19125

    • Retail space
    • 10,829 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $2,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1656049
    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

    • Citizens ATM / Atm

    Property Details for 2638-48 Cumberland St

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.01 lot acres
    Property size
    10,829 SF
    Zone code
    CA2
    Property type
    Retail space
    APN
    88-2-3576-00
    APU
    882357600

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,040,000
      6.5%
      $1,885,000
      7%
      $1,750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,008,000
      Market price range: $941k - $3.01M
      AI Estimate
      $2,456,000
      Market price range: $617k - $2.46M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,855,000
      Current use
      RESTAURANT
      $3,355,000
      Change: +81% Conversion: Easy
      OFFICE BUILDING
      $2,755,000
      Change: +48% Conversion: Easy
      MEDICAL BUILDING
      $2,660,000
      Change: +43% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,380,000
      Change: +28% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,010,000
      Change: +8% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,750,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1203
    Latitude
    39.9762
    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
    $49,722
    $2,561,293
    $990,807
    $3,552,100
    -
    $2,561,293
    $990,807
    $3,552,100

    Comparable in this City

    • Value Estimation
      $530,000
      2,340 SF

      1864 Frankford Ave, Unit 66

      RETAIL STORES (PERSONAL SERVICES) • 2,340 SF
      1864 Frankford Ave, Philadelphia, PA 19125-2416
      View Details
    • Value Estimation by Request
      3,288 SF

      1950 Lehigh Ave

      STORE, RETAIL OUTLET • 3,288 SF
      1950 Lehigh Ave, Philadelphia, PA 19125-1114
      View Details
    • Value Estimation by Request
      963 SF

      2723 Cumberland St

      RETAIL STORES (PERSONAL SERVICES) • 963 SF
      2723 Cumberland St, Philadelphia, PA 19125-3724
      View Details
    • Value Estimation by Request
      1,800 SF

      2421 Kensington Ave, Unit 23

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      2421 Kensington Ave, Philadelphia, PA 19125-1234
      View Details
    • Value Estimation by Request
      1,475 SF

      2428 Kensington Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,475 SF
      2428 Kensington Ave, Philadelphia, PA 19125-1223
      View Details
    • Value Estimation
      $2,095,000
      9,261 SF

      2459 Kensington Ave, Unit 77

      RETAIL STORES (PERSONAL SERVICES) • 9,261 SF
      2459 Kensington Ave, Philadelphia, PA 19125-1235
      View Details

    Similar Nearby for Sale

    • 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
    • $779,900
      2,754 SF

      Fishtown Multi-Unit Building on Frankford

      Multi-unit building with commercial studio and residential unit in Fishtown.
      1856 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $699,900
      1,803 SF

      Fishtown Mixed-Use Triplex with City Views

      Fully occupied mixed-use triplex in Fishtown with commercial and residential units.
      2427 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $489,900

      Fishtown Mixed-Use Prime Location

      Mixed-use building in prime Fishtown location near popular spots.
      1429 Frankford Ave Ave, Philadelphia, PA 19125
      View Details
    • $900,000
      1,629 SF

      Frankford Avenue Mixed-Use Investment Opportunity

      Three adjacent properties for sale in East Kensington, Philadelphia.
      2603 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $335,000
      975 SF

      Fishtown Corner Storefront Duplexes

      Mixed-use property with retail and residential income potential.
      2621 Sepviva St, Philadelphia, PA 19125
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,758 SF

      New Retail Spaces in Fishtown

      New construction retail spaces for lease in a flourishing neighborhood.
      1120 Frankford Ave, Philadelphia, PA 19125
      View Details
    • New
      $1,100 /Mo
      1,307 SF

      Frankford Avenue Retail Space

      Prime commercial space in thriving Frankford Avenue corridor.
      2532 Amber St, Philadelphia, PA 19125
      View Details
    • Contact for pricing
      1,000 SF

      New Retail Space Available

      New construction retail space in booming Fishtown and East Kensington.
      2000 Dreer St, Philadelphia, PA 19125
      View Details
    • $1,800 /Mo
      1,307 SF

      Fishtown Commercial Space Available

      Retail/office space in Fishtown with basement, $1,800/month.
      243 E Girard Ave Unit, Philadelphia, PA 19125
      View Details
    • Contact for pricing
      12,660 SF

      Prime Retail Space in Fishtown

      Retail space with high visibility in Philadelphia's Fishtown neighborhood.
      501 East Girard Ave, Philadelphia, PA 19125
      View Details
    • Contact for pricing
      700 SF

      Bi-Level Retail/Office Space Available

      700 SF bi-level retail/office space in Fishtown for rent.
      2012 Frankford Ave, Philadelphia, PA 19125
      View Details
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    Philadelphia, PA 19125
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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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