Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4221 2nd St, Unit 41 Philadelphia, PA 19140-2702
    Back to Search
    Property profile & analytics

    4221 2nd St, Unit 41, Philadelphia, PA 19140-2702

    View on Map
    • Warehouses
    • 40,900 SF
    • 1.20 lot acres
    Off-Market
    Property ID
    US73-2609994
    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.
    Value Estimations
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • APM Inc: Rising Stars Preschool / Charitable Organization / Social Service Agency

    Property Details for 4221 2nd St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.20 lot acres
    Zone code
    I2
    Property type
    Warehouses
    APN
    77-7-7813-05
    APU
    777781305

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — Asociacion De Puertorriquenos — Deed Of Trust · related $2.5M · Pnc Bk
    — — Asociacion Puertorriquenos En — Deed Of Trust · related $280k · Pnc Bank
    — — Associacion De Puertorriquenos — Deed Of Trust · related $500k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,844,000
      Market price range: $1.21M - $4.41M
      AI Estimate
      $1,477,000
      Market price range: $809k - $3.38M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,400,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1291
    Latitude
    40.0154
    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
    $0.00
    $0.00
    $0.00
    $770,600
    -
    $0.00
    $0.00
    $770,600

    Comparable in this City

    • Value Estimation
      $1,920,000
      20,875 SF

      3812 Old York Rd

      WAREHOUSE, STORAGE
      3812 Old York Rd, Philadelphia, PA 19140-3715
      View Details
    • Value Estimation
      $685,000
      7,290 SF

      4030 Broad St

      WAREHOUSE, STORAGE
      4030 Broad St, Philadelphia, PA 19140-3011
      View Details
    • Value Estimation
      $3,330,000
      196,834 SF

      3300 9th St, Unit 30

      WAREHOUSE, STORAGE
      3300 9th St, Philadelphia, PA 19140-5435
      View Details
    • Value Estimation
      $2,320,000
      68,430 SF

      2066 Hunting Park Ave, Unit 76

      WAREHOUSE, STORAGE
      2066 Hunting Park Ave, Philadelphia, PA 19140-2814
      View Details
    • Value Estimation by Request
      936 SF

      4610th N 4th St, Unit 1

      WAREHOUSE, STORAGE
      4610th N 4th St, Philadelphia, PA 19140
      View Details
    • Value Estimation by Request
      3,100 SF

      4335 Marshall St, Unit 37

      MINI-WAREHOUSE, STORAGE
      4335 Marshall St, Philadelphia, PA 19140-2317
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,800 SF

      Industrial Warehouse Near Thoroughfares

      6,800 SF industrial warehouse with redevelopment potential.
      3503 N Lawrence St, Philadelphia, PA 19140
      View Details
    • Contact for pricing
      137,068 SF

      Philadelphia Industrial Site for Sale

      Large industrial property with frontage and accessibility in Philadelphia.
      201 W Glenwood Ave, Philadelphia, PA 19140
      View Details
    • Contact for pricing
      39,060 SF

      Two-Story Warehouse in Feltonville

      39,060 SF two-story warehouse encompassing a complete city block.
      4500-4520 N 3Rd St, Philadelphia, PA 19140
      View Details
    • $700,000
      5,675 SF

      Warehouse Near Broad Street Intersection

      5,600 SF warehouse near Broad Street in Philadelphia.
      4233-37 N Park Ave, Philadelphia, PA 19140
      View Details
    • Contact for pricing
      16,000 SF

      Philadelphia Industrial Building For Sale

      16,000 SF industrial building with 22 tenant spaces.
      1901 W Courtland St, Philadelphia, PA 19140
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      39,000 SF

      Industrial Space Near Philadelphia Port

      39,000 SF industrial space with convenient access to transportation.
      3820 North 2Nd St, Philadelphia, PA 19140
      View Details
    • Contact for pricing
      4,150 SF

      Flex Space in Mixed-Use Development

      Flex space available within a mixed-use development with on-site daycare.
      1600 W Hunting Park Ave, Philadelphia, PA 19140
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease, ranging from 1,200-4,576 SF.
      4229 N Broad St, Philadelphia, PA 19140
      View Details
    • $4,500 /Mo
      5,406 SF

      Retail Space in Philadelphia

      Retail space available for lease in Philadelphia, Pennsylvania.
      3549 Germantown Ave, Philadelphia, PA 19140
      View Details
    • $1,200 /Mo
      1,041 SF

      Philadelphia Storefront on High-Traffic Street

      Prime commercial space for rent in Philadelphia with high visibility.
      3339 N Front St, Philadelphia, PA 19140
      View Details
    • Contact for pricing

      Retail Spaces with Drive-Thru Potential

      Retail spaces available for lease with drive-thru potential.
      238 W Allegheny Ave, Philadelphia, PA 19140
      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.
    4221 2nd St, Unit 41
    Philadelphia, PA 19140-2702
    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

    Thank You for Inquiry
    4221 2nd St, Philadelphia, PA, 19140
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!