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Property profile & analytics
OFF-MARKET Estimated value $2,385,000
Strip malls

309 48th St Philadelphia, PA 19143-1700

22,828 SF 0.74 ac lot Built 1940
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US73-0127045
Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1940
Total area 22,828 SF
Lot 0.74 ac (32,220 SF)
Zoning code CMX3
APN 88-2-8478-00
UPID US73-0127045
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
  • Creation Station Day Care High School Daycare Center
  • Brewers' Outlet 48th Street Big Box & Wholesale Store Distribution Center
  • Dollar Days Discount Store
  • TCS Events and Studios Hotel & Motel Resort
  • Laundromat of Pine Street LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.65M
Blend (final) Blend
$2.39M
Owner & transaction history
Ming Investment LLC · 14 yrs held
Ming Investment LLC
since 2012
3 recorded transactions
2021
Price N/A
2012
$2.7M
1969
Price N/A
Zoning & alternative use
CMX3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CMX-3 Community Commercial Mixed-Use C-3 RC-3 CMX-4 Core Commercial Mixed-Use C-4 CMX-5 Center City Core Commercial Mixed-Use C-5 CA-1 Auto-Oriented Commercial-1 C-7 NSC CA-2 Auto-Oriented Commercial-2 ASC Eliminated >> C-6 (.2) Map Symbols. (.a) The alphanumeric map symbols are intended to provide a general, relative indication of the range of uses and acti…

Zone name Community Commercial Mixed Use
General category MIXED_USE
Zone area 2,102.81 ac
Source TITLE 14. ZONING AND PLANNING
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