Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2711 Comly Rd Philadelphia, PA 19154-2101

    • Turn key restaurants
    • 4,176 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-4930575
    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

    • Steve's Prince of Steaks / Cheesesteak Restaurant / Restaurant
    • The Union Tap / Bar & Grill / American Restaurant
    • LibertyX Bitcoin ATM / Atm

    Property Details for 2711 Comly Rd

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.44 lot acres
    Property size
    4,176 SF
    Zone code
    CA1
    Property type
    Turn key restaurants
    APN
    88-2-0200-65
    APU
    882020065

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0005
    Latitude
    40.1044
    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
    $13,241
    $662,130
    $283,770
    $945,900
    -
    $662,130
    $283,770
    $945,900

    Comparable in this City

    • Value Estimation by Request
      11,180 SF

      2850 Red Lion Rd

      RESTAURANT • 11,180 SF
      2850 Red Lion Rd, Philadelphia, PA 19154
      View Details
    • Value Estimation
      $345,000
      6,656 SF

      789 Franklin Mls Cir

      RESTAURANT • 6,656 SF
      789 Franklin Mls Cir, Philadelphia, PA 19154-3125
      View Details
    • Value Estimation
      $1,110,000
      7,250 SF

      325 Franklin Mls Cir

      RESTAURANT • 7,250 SF
      325 Franklin Mls Cir, Philadelphia, PA 19154
      View Details
    • Value Estimation
      $320,000
      6,495 SF

      80 Franklin Mls Blvd

      RESTAURANT • 6,495 SF
      80 Franklin Mls Blvd, Philadelphia, PA 19154
      View Details
    • Value Estimation
      $505,000
      5,295 SF

      427 Franklin Mls Cir

      RESTAURANT • 5,295 SF
      427 Franklin Mls Cir, Philadelphia, PA 19154-3117
      View Details
    • Value Estimation
      $375,000
      2,489 SF

      577 Franklin Mls Cir

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,489 SF
      577 Franklin Mls Cir, Philadelphia, PA 19154-3113
      View Details

    Similar Nearby for Sale

    • $5,500,000
      1.77 Acres

      Restaurant and Land For Sale

      Iconic restaurant with land on Woodhaven Rd, Northeast Philadelphia.
      4501 Woodhaven Rd, Philadelphia, PA 19154
      View Details
    • Contact for pricing
      2.89 Acres

      Prime Philadelphia Shopping Center

      High-profile retail land, hotel approved.
      12123 Knights Rd, Philadelphia, PA 19154
      View Details
    • $365,000
      1,360 SF

      Parkwood Home with Wooded Backyard

      Move-in ready home with a private, wooded backyard.
      3422 Orion Rd, Philadelphia, PA 19154
      View Details
    • New
      $375,000
      1,780 SF

      Modena Park Duplex Opportunity

      Spacious two-unit duplex in Philadelphia's desirable Modena Park.
      3604 Woodhaven Rd, Philadelphia, PA 19154
      View Details
    • $350,000

      Updated Rowhome in Parkwood Manor

      Updated 3-bedroom rowhome with finished basement, deck, and modern amenities.
      12705 Medford Rd, Philadelphia, PA 19154
      View Details
    • Contact for pricing
      2.09 Acres

      Premium Office Space in Philadelphia

      Luxurious 5,001 sq ft office space available for lease.
      2708 Commerce Way, Philadelphia, PA 19154
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,700 SF

      Retail Space in Philadelphia Available

      Retail space for rent with convenient access and established tenants.
      4000 Woodhaven Rd, Philadelphia, PA 19154
      View Details
    • Contact for pricing
      104,587 SF

      Philadelphia Marketplace Retail Center

      Prime Philadelphia retail space available
      101-163 Franklin Mills Blvd, Philadelphia, PA 19154
      View Details
    • Contact for pricing
      5,063 SF

      Retail Space Near Philadelphia Mills

      Retail space for rent near Philadelphia Mills and major routes.
      107 Franklin Mills Blvd, Philadelphia, PA 19154
      View Details
    • Contact for pricing
      9,000 SF

      Retail Space in Philadelphia Available

      Retail space for rent with convenient access and established tenants.
      4036 Woodhaven Rd, Philadelphia, PA 19154
      View Details
    • Contact for pricing
      4,175 SF

      Retail Space Near Philadelphia Mills

      Retail space with high visibility near Philadelphia Mills Mall.
      12131 Knights Rd, Philadelphia, PA 19154
      View Details
    • $15 SF/Yr
      34,342 SF

      Philadelphia Office Space for Lease

      Prime Northeast Philly Flex Space Available
      2705 Black Lake Pl, Philadelphia, PA 19154
      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.
    2711 Comly Rd
    Philadelphia, PA 19154-2101
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.