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Property profile & analytics
OFF-MARKET
Estimated value
$19,570,000
Refrigerated & Cold Storage
3101 3rd St Philadelphia, PA 19148-5604
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-5956847
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
134,568 SF
Lot
5.94 ac (258,746 SF)
Zoning code
I2
APN
88-4-1504-10
UPID
US73-5956847
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
-
Lineage Storage Facility Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.18M
Comparable Approach
Comparable
$24.70M
Blend (final)
Blend
$19.57M
Owner & transaction history
Liberty Noarth Hld LLC · 9 yrs held
Liberty Noarth Hld LLC
since 2017
3 recorded transactions
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$25.0M
+64.8%
Commercial (general)
$23.7M
+56.3%
Retail stores
$23.1M
+52.3%
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%
$22,940,000
6.5%
$21,175,000
7%
$19,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,150,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$24,965,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$23,675,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$23,075,000
Change: +52% · Conversion: Moderate
Blend value · Realmo final
$19.57M
Range $17.61M – $21.53M · ±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
$145 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$451,881
Tax year 2023
Assessed value
$32,281,800
Assessed 2023
Previous assessed
$32,281,800
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$6,456,360
Assessed improvement
$25,825,440
Land market value
$6,456,360
Improvement market value
$25,825,440
Total market value
$32,281,800
Applied tax rate
39.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
134,568 SF
Lot
5.94 ac (258,746 SF)
Zoning code
I2
APN
88-4-1504-10
UPID
US73-5956847
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Philadelphia, PA
Zoning I2 · permitted uses
I2 · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Philadelphia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$15.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$25.0M
COMMERCIAL (GENERAL)
Est. value
$23.7M
RETAIL STORES
Est. value
$23.1M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
RETAIL STORES
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
5.94 ac
Current owner
From public records · entity-resolved
Liberty Noarth Hld LLC
Entity
Mailing address
111 E WACKER DR STE #900, CHICAGO, IL 60601-4304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2017
$1,450,052
Liberty Noarth Hld LLC
Liberty Bear LLC
Special Warranty Deed
$48,000,000 · Wells Fargo Bank NA
Dec 23, 2005
—
Liberty Bear LLC
—
Grant Deed
related
$23,813,000 · Anglo Irish Bank Corp Plc
Nov 28, 2005
$3,875,000
Liberty Bear LLC
Pidc Financing Corp
Grant Deed
—
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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