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Property profile & analytics
OFF-MARKET
Estimated value
$22,935,000
Manufacturing properties
2828 Charter Rd Philadelphia, PA 19154-2111
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-0220161
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
248,178 SF
Lot
19.36 ac (843,322 SF)
Zoning code
I1
APN
88-4-2905-00
UPID
US73-0220161
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sparks Custom Retail LLC Industrial Manufacturer Production Facility
-
Sparks Marketing Group Marketing & Advertising Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.03M
Comparable Approach
Comparable
$26.23M
Blend (final)
Blend
$22.94M
Owner & transaction history
Nbpiii Charter LLC · 4 yrs held
Nbpiii Charter LLC
since 2021
Last sale
$22.0M
3 recorded transactions
Zoning & alternative use
I1 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Philadelphia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Philadelphia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$21,510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$30,365,000
6.5%
$28,030,000
7%
$26,030,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$20,210,000
Current use
Blend value · Realmo final
$22.94M
Range $20.64M – $25.23M · ±10% · vs last sale $22.00M (Dec 27 2021)
Last sale anchor
$22.00M
Dec 27 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$296,845
Tax year 2023
Assessed value
$21,206,250
Assessed 2023
Previous assessed
$21,206,250
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$6,833,125
Assessed improvement
$14,373,125
Land market value
$6,833,125
Improvement market value
$14,373,125
Total market value
$21,206,250
Applied tax rate
66.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
248,178 SF
Lot
19.36 ac (843,322 SF)
Zoning code
I1
APN
88-4-2905-00
UPID
US73-0220161
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Philadelphia, PA
Zoning I1 · permitted uses
I1 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Philadelphia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$20.2M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
19.36 ac
Current owner
From public records · entity-resolved
Nbpiii Charter LLC
Entity
Mailing address
401 EDGEWATER PL STE #285, WAKEFIELD, MA 01880-6201
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
$22,000,000
Nbpiii Charter LLC
2828 Charter Road LLC
Special Warranty Deed
$52,300,000 · Silicon Valley Bank
Mar 3, 2020
$5,000,000
2828 Charter Road LLC
2828 Partnership LP
Special Warranty Deed
$4,000,000 · Pnc Bank NA
Feb 4, 2008
—
2828 Ptshp
—
Deed Of Trust
related
$5,200,000 · Ge Com'l Finance Business Prop
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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