Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3859 Lancaster Ave, Unit 61 Philadelphia, PA 19104-2394

    • Investment properties
    • 4,455 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Nov 09, 2020
    $1,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1077250
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • MyHobby Consulting / Business Networking Company
    • Stomping Grounds - Social Justice Cafe / Cafe & Coffee Shop

    Property Details for 3859 Lancaster Ave

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    4,455 SF
    Zone code
    CMX2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    87-1-2996-80
    APU
    871299680

    Description

    This exceptional 1,680-square-foot executive office space is located at 3859 Lancaster Avenue in Philadelphia, Pennsylvania's vibrant Powelton Village neighborhood. The property, situated on the ground floor of a three-story building, boasts a 12-foot ceiling height and is zoned CMX-2. Currently available as a single, 1680 SF unit, it also offers the flexibility of being divisible into two spaces of approximately 800 and 880 square feet, catering to various business needs. The space benefits from high visibility and excellent street frontage, ensuring maximum exposure. The asking rent is $26 per square foot, NNN. This location offers unparalleled access to a thriving commercial ecosystem, surrounded by popular establishments such as Green Line Café, Local 44 Beer Shop, and AccuCare Home Health Services, along with other boutiques, eateries, and offices. Its proximity to the University of Pennsylvania and Drexel University provides a unique opportunity to tap into a large and diverse clientele of students and professionals. Furthermore, the property enjoys convenient access to public transportation, major highways, and key areas including Center City, North Philadelphia, and Montgomery County. This is an ideal opportunity for businesses seeking a prominent location in a dynamic and rapidly growing area of Philadelphia. Philadelphia County ownership.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1992
    Latitude
    39.9617
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,610
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $1,500,000

    Comparable in this City

    • Value Estimation by Request
      1,850 SF

      4316 Parrish St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,850 SF
      4316 Parrish St, Philadelphia, PA 19104-1343
      View Details
    • Value Estimation by Request
      2,586 SF

      896 Belmont Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,586 SF
      896 Belmont Ave, Philadelphia, PA 19104-1302
      View Details
    • Value Estimation by Request
      3,672 SF

      871 Belmont Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,672 SF
      871 Belmont Ave, Philadelphia, PA 19104-1695
      View Details
    • Value Estimation by Request
      2,552 SF

      875 Belmont Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,552 SF
      875 Belmont Ave, Philadelphia, PA 19104-1301
      View Details
    • Value Estimation by Request
      4,292 SF

      1013 40th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,292 SF
      1013 40th St, Philadelphia, PA 19104-1128
      View Details
    • Value Estimation by Request
      1,957 SF

      1115 40th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,957 SF
      1115 40th St, Philadelphia, PA 19104-1129
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,295 SF

      8,295 Commercial Condominium For Sale

      8,295 Commercial Condominium For Sale
      3600 Market Street , PA, Philadelphia, PA 19104
      View Details
    • $349,000
      1,922 SF

      Mixed-Use Property in Philadelphia

      Fully occupied mixed-use property with storefront and residential units.
      1000 N 43Rd St, Philadelphia, PA 19104
      View Details
    • $1,750,000
      10,084 SF

      West Philly Development Opportunity

      10,084 SF, 28 Units, QOZ
      892 Belmont Ave, Philadelphia, PA 19104
      View Details
    • $165,000
      0.03 Acres

      Land in Philadelphia Empowerment Zone

      Land suitable for apartments and store in Philadelphia, PA.
      4249 Lancaster Ave, Philadelphia, PA 19104
      View Details
    • $975,000

      West Philadelphia Development Opportunity

      Corner development site in West Philadelphia's Qualified Opportunity Zone.
      4401-4427 Lancaster Ave, Philadelphia, PA 19104
      View Details

    Similar Nearby for Lease

    • $5,500 /Mo
      7,405 SF

      Prime University City Commercial Space

      Highly visible commercial space in a dynamic Philadelphia location.
      4009 Market St, Philadelphia, PA 19104
      View Details
    • Contact for pricing

      CIRA center

      Discover many ways to work your way in CIRA center
      2929 Arch St, Philadelphia, PA 19104
      View Details
    • $1,995 /Mo
      749 SF

      Lancaster Avenue Commercial Space Available

      Prime Philadelphia commercial unit for rent in high-traffic location.
      4250 Lancaster Ave, Philadelphia, PA 19104
      View Details
    • Contact for pricing
      9,257 SF

      University City Retail Space Available

      Retail space in dynamic University City Life Science District.
      3201 Cuthbert St, Philadelphia, PA 19104
      View Details
    • Contact for pricing
      8,000 SF

      Lancaster Avenue Retail Space

      Retail space available for lease on Lancaster Avenue.
      4151 Lancaster Ave, Philadelphia, PA 19104
      View Details
    • Contact for pricing
      5,000 SF

      Commercial Lab Space for Rent

      Affordable lab space near University of Pennsylvania campus.
      3401 Filbert St, Philadelphia, PA 19104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3859 Lancaster Ave, Unit 61
    Philadelphia, PA 19104-2394
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!