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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3 Berkley Ave Clifton Heights, PA 19018

    • Auto shops
    • 1,624 SF
    • 0.30 lot acres
    OFF-MARKET
    Last Sale
    Apr 14, 2023
    $245,000
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2375709
    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

    • Auto shops

    Property Details for 3 Berkley Ave

    Year built
    1955
    Lot size
    0.30 lot acres
    Property size
    1,624 SF
    Property type
    Auto shops
    APN
    10-00-00331-00
    APU
    10000033100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $250,000
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $194,000
      Market price range: $102k - $323k
      AI Estimate
      $176,000
      Market price range: $91.3k - $243k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $195,000
      Current use
      OFFICE BUILDING
      $185,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton Heights
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.2936
    Latitude
    39.9279
    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
    2024
    $5,576
    $80,910
    $60,240
    $141,150
    -
    $0.00
    $0.00
    $141,150

    Comparable in this City

    • Value Estimation
      $200,000
      1,820 SF

      215 Clifton Ave

      AUTO REPAIR, GARAGE • 1,820 SF
      215 Clifton Ave, Aldan, PA 19018-4031
      View Details
    • Value Estimation
      $355,000
      4,267 SF

      501 Baltimore Ave

      AUTO REPAIR, GARAGE • 4,267 SF
      501 Baltimore Ave, Clifton Heights, PA 19018-1808
      View Details
    • Value Estimation
      $315,000
      2,520 SF

      537 Baltimore Ave

      AUTO REPAIR, GARAGE • 2,520 SF
      537 Baltimore Ave, Clifton Heights, PA 19018-2413
      View Details
    • Value Estimation
      $305,000
      1,540 SF

      1278 Providence Rd

      AUTO REPAIR, GARAGE • 1,540 SF
      1278 Providence Rd, Secane, PA 19018-1345
      View Details
    • Value Estimation
      $320,000
      3,382 SF

      441 Baltimore Ave

      AUTO REPAIR, GARAGE • 3,382 SF
      441 Baltimore Ave, Clifton Heights, PA 19018-1720
      View Details
    • Value Estimation
      $250,000
      0.11 Acres

      Baltimore Ave

      AUTO REPAIR, GARAGE • 0.11 Acres
      Baltimore Ave, Clifton Heights, PA 19018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      283,000 SF

      Retail Space on Baltimore Pike

      Retail space available in a busy shopping center.
      Baltimore Pike & Bishop Ave, Clifton Heights, PA 19018
      View Details
    • $274,900
      1,402 SF

      Westbrook Park Townhome with Finished Basement

      Charming 3-bedroom townhome with finished basement in Westbrook Park.
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      View Details
    • $1,200,000
      3,070 SF

      Commercial Property in Clifton Heights

      Commercial property serving the community as a 4-star school.
      9 N Diamond St, Clifton Heights, PA 19018
      View Details
    • $314,900

      Remodeled Home in Westbrook Park

      Expertly remodeled home with open layout, finished basement, and updated systems.
      5107 Whitehall Dr, Clifton Heights, PA 19018
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,550 SF

      500 Providence Rd

      Lifestyle centers
      500 Providence Rd, Aldan, PA 19018
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Center

      Inline retail space available in a premier shopping center.
      923-925 Providence Rd, Secane, PA 19018
      View Details
    • $1,300 /Mo
      871 SF

      Prime Retail Space in Secane

      Established retail storefront in Secane with high visibility and traffic.
      614-616 South Ave, Secane, PA 19018
      View Details
    • $2,250 /Mo
      1,152 SF

      Renovated Townhome in Clifton Heights

      Modern 3-bedroom, 2-bath townhome with versatile living space and updated kitchen.
      125 W Berkley Ave, Clifton Heights, PA 19018
      View Details
    • $2,300 /Mo
      1,152 SF

      Updated Home Near Elementary School

      Recently updated home featuring a new kitchen and finished basement.
      5255 Westpark Ln, Clifton Heights, PA 19018
      View Details
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    Clifton Heights, PA 19018
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    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
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