Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2648 Palethorp St Philadelphia, PA 19133
    Back to Search
    Property profile & analytics

    2648 Palethorp St Philadelphia, PA 19133

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US73-1609458
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2648 Palethorp St

    Property type
    Commercial real estate
    APN
    192063301

    Description

    This exceptional investment opportunity consists of two adjacent lots totaling 1,160 square feet located at 2648-2650 N Palethorp St, Philadelphia, PA 19133. Each lot measures 24 x 48 feet. The property is zoned RSA5 and offers significant development potential, ideal for new residential units or other ventures. Situated in the vibrant West Kensington neighborhood, this location boasts a Walk Score of 86, a Transit Score of 68, and a Bike Score of 68, indicating convenient access to amenities and public transportation. Nearby amenities include various dining options, educational institutions, grocery stores, and local parks such as Fairhill Square, Hissey Center, and Mann Recreation Center. The property is conveniently located 11 minutes from the MFL Frankford TC to 69th St TC, with the York Dauphin Station being the nearest stop. The asking price is $50,000, representing a land value of $1,666 per square foot. The property is offered fee simple with APN 192063301. This is a rare chance to capitalize on West Kensington's exciting transformation and burgeoning community spirit. Don't miss this opportunity to invest in a dynamic and growing neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1346125
    Latitude
    39.9906599

    Comparable in this City

    • Contact for pricing
      15,066 SF

      Prime Development Land in Fishtown

      Development opportunity in Philadelphia's evolving Lower Kensington/Fishtown submarket.
      2300 N 2Nd St, Philadelphia, PA 19133
      View Details
    • $300,000
      1,720 SF

      North Philly Duplex Near Temple

      Duplex near Temple University with immediate income and future upside.
      2241 North 8Th St, Philadelphia, PA 19133
      View Details
    • $199,000
      2,025 SF

      West Kensington Duplex For Sale

      Duplex in Philadelphia's rapidly growing West Kensington neighborhood.
      2542 N Front St, Philadelphia, PA 19133
      View Details
    • $599,000
      3,200 SF

      West Kensington Duplex with Tax Abatement

      Three-year-new duplex in trendy West Kensington neighborhood of Philadelphia.
      2453 North 6Th St, Philadelphia, PA 19133
      View Details
    • $130,000
      1,310 SF

      Philadelphia Multifamily Property for Sale

      Multifamily property in Philadelphia, Pennsylvania, totaling 1310 square feet.
      2957 N 5Th St, Philadelphia, PA 19133
      View Details
    • New
      $275,000
      1,280 SF

      Renovated Duplex: Income-Generating Opportunity

      Philadelphia duplex with rental income and versatile buyer options.
      2917 N 7Th St, Philadelphia, PA 19133
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,066 SF

      Prime Development Land in Fishtown

      Development opportunity in Philadelphia's evolving Lower Kensington/Fishtown submarket.
      2300 N 2Nd St, Philadelphia, PA 19133
      View Details
    • $300,000
      1,720 SF

      North Philly Duplex Near Temple

      Duplex near Temple University with immediate income and future upside.
      2241 North 8Th St, Philadelphia, PA 19133
      View Details
    • $199,000
      2,025 SF

      West Kensington Duplex For Sale

      Duplex in Philadelphia's rapidly growing West Kensington neighborhood.
      2542 N Front St, Philadelphia, PA 19133
      View Details
    • $599,000
      3,200 SF

      West Kensington Duplex with Tax Abatement

      Three-year-new duplex in trendy West Kensington neighborhood of Philadelphia.
      2453 North 6Th St, Philadelphia, PA 19133
      View Details
    • $130,000
      1,310 SF

      Philadelphia Multifamily Property for Sale

      Multifamily property in Philadelphia, Pennsylvania, totaling 1310 square feet.
      2957 N 5Th St, Philadelphia, PA 19133
      View Details
    • New
      $275,000
      1,280 SF

      Renovated Duplex: Income-Generating Opportunity

      Philadelphia duplex with rental income and versatile buyer options.
      2917 N 7Th St, Philadelphia, PA 19133
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      19,410 SF

      Flex Space with Redundant Power

      Flex space available for rent with redundant power feeds.
      3111 W Allegheny Ave, Philadelphia, PA 19133
      View Details
    • $18 SF/Yr
      2,250 SF

      Ground Floor Retail Space Available

      2,250 SF retail space with dedicated outdoor area.
      2031 E Lehigh Ave, Philadelphia, PA 19133
      View Details
    • Contact for pricing
      66,143 SF

      American Street Warehouse Space Available

      66,143 SF warehouse space for lease on 2.06 acres.
      2200 North American St, Philadelphia, PA 19133
      View Details
    • $1,895 /Mo

      Retail Space on Reese Street

      Retail property available for rent on N Reese St, Philadelphia.
      2801 N Reese St, Philadelphia, PA 19133
      View Details
    • $3,000 /Mo

      Retail Space in Philadelphia

      New construction retail space available for lease in Philadelphia.
      2449 N 2Nd St, Philadelphia, PA 19133
      View Details
    • $18 SF/Yr
      1,600 SF

      Multi-Tenanted Building Near Transportation

      40,000 SF building with parking and transit access.
      2207 N American St, Philadelphia, PA 19133
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2648 Palethorp St
    Philadelphia, PA 19133
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2648 Palethorp St, Philadelphia, PA, 19133
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!