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Property profile & analytics
OFF-MARKET
Estimated value
$9,930,000
Flex space
2900 Grant Ave Philadelphia, PA 19114-2310
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0199447
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
166,815 SF
Lot
23.47 ac (1,022,397 SF)
Zoning code
I1
APN
88-4-2245-02
UPID
US73-0199447
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
-
DDP1 Amazon Delivery Station Courier Service Postal Service
-
Paper Void Fill Factory Industrial Manufacturer
-
Uniflex Healthcare Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.93M
Owner & transaction history
2900 Grant Avenue Commerce LLC · 5 yrs held
2900 Grant Avenue Commerce LLC
since 2020
Last sale
$10.4M
7 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
$10,445,000
ML approach
$8,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.93M
Range $8.94M – $10.92M · ±10% · vs last sale $10.43M (Oct 7 2020)
Last sale anchor
$10.43M
Oct 7 2020
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
$60 / 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
$326,911
Tax year 2023
Assessed value
$23,354,100
Assessed 2023
Previous assessed
$4,414,300
+429.1% YoY
Effective rate
1.40%
On assessed value
Assessed land
$4,670,820
Assessed improvement
$18,683,280
Land market value
$4,670,820
Improvement market value
$18,683,280
Total market value
$23,354,100
Applied tax rate
57.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
166,815 SF
Lot
23.47 ac (1,022,397 SF)
Zoning code
I1
APN
88-4-2245-02
UPID
US73-0199447
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.
Building & site characteristics
From public records
Year built
2022
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
23.47 ac
Current owner
From public records · entity-resolved
2900 Grant Avenue Commerce LLC
Entity
Mailing address
3919 MAPLE AVE, DALLAS, TX 75219-3215
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
—
2900 Grant Avenue Commerce LLC
—
Deed
related
$41,000,000 · Regions Bank
Aug 18, 2021
—
2900 Grant Avenue Commerce LLC
—
Deed
related
$37,275,000 · Santander Bank NA
Nov 4, 2020
—
2900 Grant Avenue Commerce LLC
—
Deed
related
—
Oct 7, 2020
—
2900 Grant Avenue Commerce LLC
2900 Grant Avenue Commerce
Correction Deed
related
—
Jul 23, 2019
$10,425,000
2900 Grant Avenue Commerce LLC
Swp Real Estate LLC
Grant Deed
—
Feb 20, 2015
$7,900,000
Swp Real Estate LLC
Pidc Financing Corp
Deed
$6,700,000 · Wilmington Savings Fund Society Fsb
Sep 26, 2011
—
Ar Grant Realty Partners LP
—
Deed Of Trust
related
$1,900,000 · Penn Liberty Bank
Jan 27, 2006
$2,000,000
Ar Grant Realty Partners
Pidc Financing Corp
Grant Deed
$500,000 · Pidc Local Development Corp
Jan 27, 2006
—
Ar Grant Realty Partners
Pidc Financing Corp
Grant Deed
—
Mar 4, 2005
$5,000,000
Pidc Financing Corp
Hbk Properties
Grant Deed
—
—
—
Hbk Properties
—
Deed Of Trust
related
$303,174 · Willow Grove Bank
—
—
Pidc Financing Corp
—
Deed Of Trust
related
$2,000,000 · Pennsylvania Ind'l Dev Auth
—
—
Ar Grant Realty Partners
—
Deed Of Trust
related
$4,500,000 · Sun National Bank
—
—
2900 Grant Avenue Commerce LLC
—
Deed Of Trust
related
—
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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