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Property profile & analytics
OFF-MARKET
Estimated value
$3,180,000
Manufacturing properties
3246 61st St 66 Philadelphia, PA 19153-3503
Entity Owned
Free & Clear
Property ID
US73-2817947
Property profile
Verified
Property type
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,594 SF
Lot
1.38 ac (59,982 SF)
Zoning code
I3
APN
88-4-1575-00
UPID
US73-2817947
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
-
Philly Scrap Metal Auto Parts Store Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.94M
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.18M
Owner & transaction history
3246 South 61st Street LLC
3246 South 61st Street LLC
since 2026
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
I3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.9M
+60.1%
Auto repair, garage
$4.5M
+47.3%
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
$3,130,000
ML approach
$2,935,000
CAP Approach
CAP Return
Estimation
6%
$3,500,000
6.5%
$3,230,000
7%
$3,000,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,065,000
Current use
RETAIL STORES
$4,905,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,510,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$3.18M
Range $2.86M – $3.50M · ±10% · vs last sale $3.30M (Nov 7 2023)
Last sale anchor
$3.30M
Nov 7 2023
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
$111 / 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
$12,007
Tax year 2023
Assessed value
$857,800
Assessed 2023
Previous assessed
$857,800
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$171,560
Assessed improvement
$686,240
Land market value
$171,560
Improvement market value
$686,240
Total market value
$857,800
Applied tax rate
40.0000
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
Manufacturing properties
Use group
MILL (FEED, GRAIN, LUMBER, TEXTILE)
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
28,594 SF
Lot
1.38 ac (59,982 SF)
Zoning code
I3
APN
88-4-1575-00
UPID
US73-2817947
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I3 · Philadelphia, PA
Zoning I3 · permitted uses
I3 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
RETAIL STORES
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.5M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
3246 South 61st Street LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1600 WASHINGTON AVE, PHILADELPHIA, PA 19146-3019
Ownership since
2026
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
Jan 15, 2026
—
3246 South 61st Street LLC
3246 South 61st Street LLC
Deed
related
—
Nov 7, 2023
$3,300,000
3246 South 61st Street LLC
Phet Trinh Chai
Deed
$3,238,000 · Wilmington Savings Fund Society Fsb
Nov 5, 2012
$1,101,500
Chai P Trinh
3246 Partners LP
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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