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Property profile & analytics
OFF-MARKET
Estimated value
$12,310,000
Office buildings
300 Stevens Dr, Philadelphia, PA 19113-1533
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-4215278
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
68,100 SF
Lot
4 ac (174,336 SF)
APN
45-00-00504-03
UPID
US73-4215278
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
-
Colonial Airport Parking Parking Lot & Garage
-
Henckel Corporation Home Health Care Service
-
Air Wisconsin Training Center Freight Service Logistics Company
-
FedEx Drop Box Postal Service Courier Service
-
Technology Solutions Co (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.71M
Comparable Approach
Comparable
$14.46M
Blend (final)
Blend
$12.31M
Owner & transaction history
300 Airport Kpg III LLC · 12 yrs held
300 Airport Kpg III LLC
since 2013
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$18.9M
+9.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,930,000
6.5%
$14,705,000
7%
$13,655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,325,000
Current use
APARTMENT HOUSE (5+ UNITS)
$18,940,000
Change: +9% · Conversion: Easy
MEDICAL BUILDING
$16,720,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$12.31M
Range $11.08M – $13.54M · ±10%
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
$181 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$302,801
Tax year 2024
Assessed value
$9,579,380
Assessed 2024
Previous assessed
$9,579,380
+0.0% YoY
Effective rate
3.16%
On assessed value
Assessed land
$625,920
Assessed improvement
$8,953,460
Total market value
$9,579,380
Applied tax rate
4,505.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1992
Heating
NONE
Cooling
CENTRAL
Total area
68,100 SF
Lot
4 ac (174,336 SF)
APN
45-00-00504-03
UPID
US73-4215278
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$17.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.9M
MEDICAL BUILDING
Est. value
$16.7M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1992
Heating
NONE
Cooling
Yes
Lot
4 ac
Current owner
From public records · entity-resolved
300 Airport Kpg III LLC
Entity
Mailing address
1001 CONSHOHOCKEN STATE RD STE 2-201, CONSHOHOCKEN, PA 19428-2956
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2013
$6,770,096
300 Airport Kpg III LLC
Mack Cali Airport Realty Associates
Special Warranty Deed
$59,600,000 · Cantor Commercial Real Estate Lendi
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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