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Property profile & analytics
FOR LEASE
Flex space
3632 South 3Rd St Philadelphia, PA 19148
Entity Owned
~
Est. High Equity
Property ID
US73-1665102
No photos on file
For Lease
$945,000
3632 South 3Rd St, Philadelphia, PA 19148
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,295 SF
Lot
0.57 ac (24,848 SF)
Zoning code
I2
APN
88-4-1510-75
UPID
US73-1665102
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
-
The Market At Maglio's Grocery & Convenience Store Food Market
-
latasha kendrick Car Dealership Shipping Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$953k
Blend (final)
Blend
$945k
Owner & transaction history
Market Street Meats LLC
Market Street Meats LLC
since 2025
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+73.2%
Commercial (general)
$1.5M
+64.2%
Retail stores
$1.4M
+60.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$890,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,540,000
Change: +73% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,460,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$1,420,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $1.03M (Jun 29 2025)
Last sale anchor
$1.03M
Jun 29 2025
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
$114 / 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
$10,450
Tax year 2023
Assessed value
$746,500
Assessed 2023
Previous assessed
$746,500
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$149,300
Assessed improvement
$597,200
Land market value
$149,300
Improvement market value
$597,200
Total market value
$746,500
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
8,295 SF
Lot
0.57 ac (24,848 SF)
Zoning code
I2
APN
88-4-1510-75
UPID
US73-1665102
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
INDUSTRIAL (GENERAL) Current
Est. value
$890,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
INDUSTRIAL (GENERAL) 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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Market Street Meats LLC
Entity
Mailing address
50 UTTER AVE, JERSEY CITY, NJ 07306
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
$1,025,000
Market Street Meats LLC
Mc Third Street Realty LLC
Deed
$871,250 · Wilmington Savings Fund Society Fsb
May 25, 2022
$350,000
Mc Third Street Realty LLC
M&a Realty
Deed
—
Oct 10, 2019
—
M & A Realty
Maglio Brothers INC
Grant Deed
—
Aug 17, 2016
—
Maglio Bros INC
—
Deed
related
$50,000 · Capital Bk/nj
—
—
Maglio Bros INC
—
Deed Of Trust
related
$200,000 · Capital Bank Of New Jersey
—
—
Maglio Bros INC
—
Deed Of Trust
related
$300,000 · Capital Bank Of New Jersey
—
—
Maglio Bros INC
—
Deed Of Trust
related
$50,000 · Capital Bk/nj
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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