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Property profile & analytics
OFF-MARKET
Estimated value
$21,105,000
Warehouses
2901 Grant Ave Philadelphia, PA 19114-1000
Entity Owned
3-yr Hold
Free & Clear
Property ID
US73-5858803
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
97,715 SF
Lot
8.57 ac (373,483 SF)
Zoning code
I2
APN
88-4-2870-05
UPID
US73-5858803
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
-
Storage Space tra xEE Storage Facility
-
Extra Space Storage Storage Facility
-
Just Children Child Care Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.11M
Owner & transaction history
Ccp Outdoor LLC · 3 yrs held
Ccp Outdoor LLC
since 2022
Last sale
$27.4M
7 recorded transactions
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$30.3M
+140.4%
Apartment house (5+ units)
$27.2M
+116.0%
Office building
$24.9M
+97.6%
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
$22,825,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,660,000
6.5%
$15,375,000
7%
$14,280,000
Alternative Use
Use
Estimation
RESTAURANT
$30,255,000
Change: +140% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$27,175,000
Change: +116% · Conversion: Difficult
OFFICE BUILDING
$24,860,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$23,995,000
Change: +91% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,130,000
Change: +44% · Conversion: Moderate
RETAIL STORES
$16,755,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,415,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$21.11M
Range $18.99M – $23.22M · ±10% · vs last sale $27.37M (Mar 23 2022)
Last sale anchor
$27.37M
Mar 23 2022
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
$216 / 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
$80,569
Tax year 2023
Previous assessed
$5,755,758
Total market value
$14,715,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
97,715 SF
Lot
8.57 ac (373,483 SF)
Zoning code
I2
APN
88-4-2870-05
UPID
US73-5858803
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Philadelphia, PA
Zoning I2 · permitted uses
I2 · 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
RESTAURANT
Est. value
$30.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.2M
OFFICE BUILDING
Est. value
$24.9M
MEDICAL BUILDING
Est. value
$24.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.1M
RETAIL STORES
Est. value
$16.8M
AUTO REPAIR, GARAGE
Est. value
$15.4M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
8.57 ac
Current owner
From public records · entity-resolved
Ccp Outdoor LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2795 E COTTONWOOD PKWY STE #300, SALT LAKE CITY, UT 84121-6928
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
—
Ccp Outdoor LLC
—
Deed
related
$9,800,000 · Firstrust Bank
Aug 26, 2022
—
Ccp Outdoor LLC
Extra Space Properties Two LLC
Lease
—
Mar 23, 2022
$27,371,000
Extra Space Properties Two LLC
2901 Grant Properties LLC
Special Warranty Deed
—
May 14, 2019
$4,400,000
2901 Grant Properties LLC
Smh Holdings LP
Deed
$11,290,000 · The Columbia Bank
Nov 20, 2012
—
Smh Holdings LP
Smh Holdings LP
Quit Claim Deed
related
—
Oct 22, 2012
—
Br-pa Trust
Smh Holdings LP
Grant Deed
—
Nov 7, 2011
$5,800,000
Smh Holdings LP
2901 Grant Avenue LP
Deed Of Trust
$4,300,000 · Pnc Bank
Feb 27, 2006
$4,265,040
2901 Grant Avenue LP
Grant Plaza Associates
Deed
$4,380,000 · Wilmington Savings Fund Society Fsb
Dec 13, 2005
—
Grant Plaza Associates
—
Deed Of Trust
related
$5,500,000 · Firstrust Bank
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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