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Property profile & analytics
OFF-MARKET
Estimated value
$4,940,000
Retail space
4050 Main St, Philadelphia, PA 19127-2122
Individually Owned
2-yr Hold
Free & Clear
Property ID
US73-1228273
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,500 SF
Lot
0.38 ac (16,764 SF)
Zoning code
ICMX
APN
88-2-7640-00
UPID
US73-1228273
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
-
Gevurtz Furniture Inc Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.81M
CAP Approach
CAP
$5.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.94M
Owner & transaction history
Citylight Chr Of Crstn & Msny Allia · 2 yrs held
Citylight Chr Of Crstn & Msny Allia
since 2023
Last sale
$5.1M
5 recorded transactions
Zoning & alternative use
ICMX · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.0M
+48.4%
Medical building
$7.7M
+43.2%
Commercial (general)
$6.8M
+26.2%
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
$4,810,000
ML approach
$4,805,000
CAP Approach
CAP Return
Estimation
6%
$5,935,000
6.5%
$5,475,000
7%
$5,085,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,400,000
Current use
OFFICE BUILDING
$8,015,000
Change: +48% · Conversion: Easy
MEDICAL BUILDING
$7,735,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,815,000
Change: +26% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,845,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,970,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.94M
Range $4.45M – $5.43M · ±10% · vs last sale $5.07M (Sep 7 2023)
Last sale anchor
$5.07M
Sep 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
$157 / 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
$28,230
Tax year 2023
Assessed value
$2,016,700
Assessed 2023
Previous assessed
$2,016,700
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$403,344
Assessed improvement
$1,613,356
Land market value
$403,344
Improvement market value
$1,613,356
Total market value
$2,016,700
Applied tax rate
21.0000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Total area
31,500 SF
Lot
0.38 ac (16,764 SF)
Zoning code
ICMX
APN
88-2-7640-00
UPID
US73-1228273
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
ICMX · Philadelphia, PA
Zoning ICMX · permitted uses
ICMX · 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
RETAIL STORES Current
Est. value
$5.4M
OFFICE BUILDING
Est. value
$8.0M
MEDICAL BUILDING
Est. value
$7.7M
COMMERCIAL (GENERAL)
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.0M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Citylight Chr Of Crstn & Msny Allia
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 29159, PHILADELPHIA, PA 19127-0159
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
—
Citylight Chr Of Crstn & Msny Allia
Citylight Church
Intrafamily Transfer
related
—
May 11, 2023
—
Citylight Church
Citylight Church
Intrafamily Transfer
related
—
Apr 11, 2023
—
Citylight Church
Citylight Church
Intrafamily Transfer
related
—
Dec 9, 2022
$5,070,000
Citylight Church
Gary S Gevurtz
Deed
$9,990,000 · Orchard Alliance
Feb 23, 2017
—
Gary S Gevurtz
Gevurtz,gary S & Susan B
Quit Claim Deed
related
—
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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