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

    2950 Roberts Ave Philadelphia, PA 19129-1221

    • Retail space
    • 72,620 SF
    • 6.44 lot acres
    OFF-MARKET
    Value Estimations
    $9,930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1839964
    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

    • Restaurant Depot / Produce Wholesaler / Wholesale Food Store
    • Python Addiction Treatment Center Philadelphia PA Recovery / Addiction Treatment Center

    Property Details for 2950 Roberts Ave

    Year built
    2015
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.44 lot acres
    Property size
    72,620 SF
    Zone code
    CA2
    Property type
    Retail space
    APN
    88-2-0662-00
    APU
    882066200

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $13,680,000
      6.5%
      $12,625,000
      7%
      $11,725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,034,000
      Market price range: $6.31M - $20.2M
      AI Estimate
      $7,124,000
      Market price range: $3.79M - $14.2M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $12,450,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $13,475,000
      Change: +8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $11,455,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1778
    Latitude
    40.0096
    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
    $99,883
    $4,994,855
    $2,140,645
    $7,135,500
    -
    $4,994,855
    $2,140,645
    $7,135,500

    Comparable in this City

    • Value Estimation by Request
      1,596 SF

      3539 Vaux St

      RETAIL STORES (PERSONAL SERVICES) • 1,596 SF
      3539 Vaux St, Philadelphia, PA 19129-1444
      View Details
    • Value Estimation
      $1,710,000
      9,810 SF

      2701 Hunting Park Ave, Unit 11

      RETAIL STORES (PERSONAL SERVICES) • 9,810 SF
      2701 Hunting Park Ave, Philadelphia, PA 19129-1304
      View Details
    • Value Estimation by Request
      3,094 SF

      4177 Rdg Ave, Unit 85

      RETAIL STORES (PERSONAL SERVICES) • 3,094 SF
      4177 Rdg Ave, Philadelphia, PA 19129-1545
      View Details
    • Value Estimation
      $1,185,000
      6,724 SF

      3601 Midvale Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,724 SF
      3601 Midvale Ave, Philadelphia, PA 19129-1712
      View Details
    • Value Estimation by Request
      3,150 SF

      3507 Midvale Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,150 SF
      3507 Midvale Ave, Philadelphia, PA 19129-1633
      View Details
    • Value Estimation by Request
      3,500 SF

      2620 Hunting Park Ave

      FINANCIAL BUILDING • 3,500 SF
      2620 Hunting Park Ave, Philadelphia, PA 19129-1321
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,950 SF

      East Falls Commercial Space Available

      New construction retail space in Philadelphia's East Falls neighborhood.
      4442 Ridge Ave, Philadelphia, PA 19129
      View Details
    • Contact for pricing
      0.05 Acres

      East Falls Commercial Space

      New construction commercial space suitable for various businesses.
      3712 Midvale Ave, Philadelphia, PA 19129
      View Details
    • $780,000
      3,510 SF

      East Falls Restaurant - $780K

      Prime East Falls eatery, 3510 sq ft.
      4213 Ridge Ave, Philadelphia, PA 19129
      View Details
    • $10,500,000
      30,000 SF

      Luxury East Falls Apartment Building

      34 Units, Prime Philadelphia Location
      3503 Midvale Ave, Philadelphia, PA 19129
      View Details
    • $65,000
      0.08 Acres

      East Falls Residential Lot Investment

      Prime 0.08-acre lot, build your dream home.
      3538 Scotts Ln, Philadelphia, PA 19129
      View Details
    • $425,000

      New Townhomes Near East Falls

      New construction townhomes with green roof deck near East Falls.
      3205 N 35Th St, Philadelphia, PA 19129
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      65,000 SF

      Loft-Style Office/Retail Space

      Office/retail space with private parking and shared loading dock.
      3251 Fox St, Philadelphia, PA 19129
      View Details
    • $2,300 /Mo

      Charming Commercial Space in Philadelphia

      Commercial lease space in a vibrant, connected Philadelphia community.
      3753 Midvale Ave, Philadelphia, PA 19129
      View Details
    • $1,900 /Mo
      1,100 SF

      Retail/Office Space with Lower Level

      Ground floor retail/office space with lower level and rear loading.
      4161 Ridge Ave, Philadelphia, PA 19129
      View Details
    • Contact for pricing
      3,839 SF

      Retail Space with Outdoor Patio

      Retail space with patio, suitable for food and beverage.
      4300 Kelly Dr, Philadelphia, PA 19129
      View Details
    • Contact for pricing
      11,266 SF

      Retail Space in Growing Corridor

      Retail space in Philadelphia's developing East Falls/Hunting Park West corridor.
      2800 Fox St, Philadelphia, PA 19129
      View Details
    • $19 SF/Yr
      1,712 SF

      Scotts Lane Office Suite 712

      Spacious Flex Office, Prime Location
      3502 Scotts Ln, Philadelphia, PA 19129
      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.
    2950 Roberts Ave
    Philadelphia, PA 19129-1221
    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.