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

    2949 Clearfield St Philadelphia, PA 19132-1814

    • Warehouses
    • 10,220 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    Sep 19, 2022
    $1,065,000
    Value Estimations
    $970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2334361
    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

    • Community Forgiveness and Restoration / Association Or Organization
    • Living Water Christian Fellowship / Church

    Property Details for 2949 Clearfield St

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.40 lot acres
    Property size
    10,220 SF
    Zone code
    CMX2
    Property type
    Warehouses
    APN
    88-4-1395-07
    APU
    884139507

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $890,000
      ML approach
      $855,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $967,000
      Market price range: $315k - $1.57M
      AI Estimate
      $601,000
      Market price range: $179k - $902k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $845,000
      Current use
      AUTO REPAIR, GARAGE
      $1,610,000
      Change: +91% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1784
    Latitude
    40.0035
    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
    $2,861
    $40,880
    $163,520
    $204,400
    -
    $40,880
    $163,520
    $204,400

    Comparable in this City

    • Value Estimation by Request
      3,330 SF

      2925 Croskey St

      WAREHOUSE, STORAGE • 3,330 SF
      2925 Croskey St, Philadelphia, PA 19132
      View Details
    • Value Estimation by Request
      3,808 SF

      2530 Hagert St

      WAREHOUSE, STORAGE • 3,808 SF
      2530 Hagert St, Philadelphia, PA 19132-4231
      View Details
    • Value Estimation by Request
      2,160 SF

      2506 Harold St

      WAREHOUSE, STORAGE • 2,160 SF
      2506 Harold St, Philadelphia, PA 19132-3607
      View Details
    • Value Estimation
      $5,505,000
      69,049 SF

      1800 Indiana Ave

      WAREHOUSE, STORAGE • 69,049 SF
      1800 Indiana Ave, Philadelphia, PA 19132-1603
      View Details
    • Value Estimation
      $24,455,000
      204,591 SF

      1831 Allegheny Ave, Unit 41

      MINI-WAREHOUSE, STORAGE • 204,591 SF
      1831 Allegheny Ave, Philadelphia, PA 19132-1607
      View Details
    • Value Estimation by Request
      1,080 SF

      2410 Sedgley Ave, Unit 28

      WAREHOUSE, STORAGE • 1,080 SF
      2410 Sedgley Ave, Philadelphia, PA 19132-4221
      View Details

    Similar Nearby for Sale

    • $17,000,000
      272,282 SF

      Philadelphia Industrial Building For Sale

      272,282 SF industrial building on 4 acres in Philadelphia.
      2900 S 20Th St, Philadelphia, PA 19132
      View Details
    • $15,000,000
      97,905 SF

      Mixed-Use/Industrial Property in Opportunity Zone

      97,905 SF property with development potential in Philadelphia.
      2519 N Broad St, Philadelphia, PA 19132
      View Details
    • Contact for pricing
      0.02 Acres

      Philadelphia Land Development Opportunity

      Vacant lot near Temple University, ideal for residential development.
      2409 N Bouvier St, Philadelphia, PA 19132
      View Details
    • $35,000
      0.02 Acres

      Vacant Lot in Philadelphia

      Vacant lot for sale in central Philadelphia location.
      2335 N 31St St, Philadelphia, PA 19132
      View Details
    • $539,990

      Modern Townhomes with Private Garages

      Design-forward townhomes with roof decks, tax abatement, and warranties.
      3411 W Lippincott St, Philadelphia, PA 19132
      View Details
    • $30,000
      0.03 Acres

      Residential Land in Philadelphia

      Vacant lot in Strawberry Mansion, Philadelphia, suitable for residential development.
      2345 N 25Th St, Philadelphia, PA 19132
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      65,000 SF

      Spacious Industrial Building with Lot

      65,000 SF masonry building with grass lot near Center City.
      2427-2435 W York St, Philadelphia, PA 19132
      View Details
    • $1,100 /Mo

      Spacious One Bedroom Apartment

      One-bedroom apartment available September 1, 2025, Section 8 approved.
      2606 N 33Rd St, Philadelphia, PA 19132
      View Details
    • $2,000 /Mo
      9,148 SF

      Prime Commercial Building on Broad

      Two-story commercial building on Broad Street available for lease.
      2520-22 N Broad St, Philadelphia, PA 19132
      View Details
    • $4,500 /Mo
      9,148 SF

      Prime Commercial Building on Broad Street

      Two-story commercial building on Broad Street, suitable for diverse businesses.
      2520-22 N Broad St, Philadelphia, PA 19132
      View Details
    • $2,300 /Mo
      1,307 SF

      Mixed-Use Retail and Live/Work Space

      Mixed-use property with retail space and live/work apartment in Philadelphia.
      2935 N 22Nd St, Philadelphia, PA 19132
      View Details
    • New
      $1,800 /Mo
      1,307 SF

      Retail Space on 22nd Street

      1,200 SF retail space in active commercial corridor.
      2914 N 22Nd St, Philadelphia, PA 19132
      View Details

    Property Visit Statistics

    • Visits by month
      1.1k
    • Visitors by month
      1.2k
    • Avg Time on site
      60 min
    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.
    2949 Clearfield St
    Philadelphia, PA 19132-1814
    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.