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Property profile & analytics
OFF-MARKET
Estimated value
$12,935,000
Strip malls
3500 Aramingo Ave 98 Philadelphia, PA 19134-4606
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US73-2863000
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
65,865 SF
Lot
4.86 ac (211,702 SF)
Zoning code
CA2
APN
88-2-1255-01
UPID
US73-2863000
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
-
Checkers Restaurant Take-out & Catering
-
Forman Mills Department Store
-
Citizens Bank Loan Service
-
Dosker Storage Units Storage Facility
-
Aramingo Plaza Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.67M
CAP Approach
CAP
$14.69M
Comparable Approach
Comparable
$12.22M
Blend (final)
Blend
$12.94M
Owner & transaction history
Ard Aramingo LLC · 3 yrs held
Ard Aramingo LLC
since 2023
Last sale
$12.7M
7 recorded transactions
Zoning & alternative use
CA2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.4M
+66.9%
Apartment house (5+ units)
$18.3M
+49.9%
Office building
$16.8M
+37.1%
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
$15,735,000
ML approach
$9,670,000
CAP Approach
CAP Return
Estimation
6%
$15,905,000
6.5%
$14,685,000
7%
$13,635,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$12,220,000
Current use
RESTAURANT
$20,395,000
Change: +67% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$18,320,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$16,755,000
Change: +37% · Conversion: Moderate
MEDICAL BUILDING
$16,170,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$12.94M
Range $11.64M – $14.23M · ±10% · vs last sale $12.65M (Jan 13 2023)
Last sale anchor
$12.65M
Jan 13 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
$196 / 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
$128,293
Tax year 2023
Assessed value
$9,165,100
Assessed 2023
Previous assessed
$9,165,100
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,833,023
Assessed improvement
$7,332,077
Land market value
$1,833,023
Improvement market value
$7,332,077
Total market value
$9,165,100
Applied tax rate
45.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
65,865 SF
Lot
4.86 ac (211,702 SF)
Zoning code
CA2
APN
88-2-1255-01
UPID
US73-2863000
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CA2 · Philadelphia, PA
Zoning CA2 · permitted uses
CA2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$12.2M
RESTAURANT
Est. value
$20.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.3M
OFFICE BUILDING
Est. value
$16.8M
MEDICAL BUILDING
Est. value
$16.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
4.86 ac
Current owner
From public records · entity-resolved
Ard Aramingo LLC
Entity
Mailing address
310 YORKTOWN PLZ, ELKINS PARK, PA 19027-1427
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$12,650,000
Ard Aramingo LLC
3500 Aramingo Avenue LLC
Special Warranty Deed
$15,000,000 · Wilmington Savings Fund Society Fsb
Jun 30, 2016
—
3500 Aramingo Avenue LLC
—
Deed
related
$7,150,000 · People's United Bk
Mar 4, 2010
$6,200,000
3500 Aramingo Avenue LLC
Plainbridge LLC
Deed
$4,072,500 · Peoples United Bank
Jan 29, 2008
—
Pathmark Stores INC
—
Deed Of Trust
related
$775,000,000 · Bank Of America
Jan 25, 2008
—
Plainbridge LLC
—
Deed Of Trust
related
$775,000,000 · Bank Of America
—
—
3500 Aramingo Avenue LLC
—
Deed Of Trust
related
$1,704,063 · Peoples United Bank
—
—
3500 Aramingo Avenue LLC
—
Deed Of Trust
related
$1,900,000 · Peoples United Bank
—
—
3500 Aramingo Avenue LLC
—
Deed Of Trust
related
$7,150,000 · People's United Bk
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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