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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Retail space
4359 Frankford Ave Philadelphia, PA 19124-3925
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-1039253
Property summary
AI-generated overview
This exceptional 1,000 square foot retail space is situated at 4359 Frankford Avenue in Philadelphia, Pennsylvania, within the vibrant Frankford neighborhood. The property, built in 1920, is a single-tenant space occupying the entirety of a four-story building. The lot size is 0.07 acres. The space boasts ample natural light thanks to large street-facing windows, ensuring excellent visibility for attracting customers. Its open floor plan offers flexibility for a variety of retail businesses. The property is zoned ICMX and has a Philadelphia County APN of 882930380. The address is 4359 Frankford Ave, Philadelphia, PA 19124. This location on Frankford Avenue provides high visibility and easy accessibility, making it an ideal spot for businesses seeking a strong presence in a bustling commercial area. The entire 1,000 square feet is currently vacant and ready for immediate occupancy. This presents a unique opportunity for businesses of all sizes to establish themselves in a thriving Philadelphia neighborhood.
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,699 SF
Lot
0.07 ac (2,893 SF)
Zoning code
ICMX
APN
88-2-9303-80
UPID
US73-1039253
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$555k
Owner & transaction history
4411 Frankford Ave LLC · 2 yrs held
4411 Frankford Ave LLC
since 2024
Last sale
$555,000
5 recorded transactions
Zoning & alternative use
ICMX · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$910,000
+98.6%
Neighborhood: shopping center
$685,000
+50.1%
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
$555,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$455,000
Current use
MEDICAL BUILDING
$910,000
Change: +99% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Change: +50% · Conversion: Moderate
AUTO REPAIR, GARAGE
$420,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $555k (Feb 22 2024)
Last sale anchor
$555k
Feb 22 2024
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
$150 / 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
$764
Tax year 2023
Assessed value
$54,600
Assessed 2023
Previous assessed
$54,600
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$10,927
Assessed improvement
$43,673
Land market value
$10,927
Improvement market value
$43,673
Total market value
$54,600
Applied tax rate
23.0000
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
3
Total area
3,699 SF
Lot
0.07 ac (2,893 SF)
Zoning code
ICMX
APN
88-2-9303-80
UPID
US73-1039253
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
$455,000
MEDICAL BUILDING
Est. value
$910,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$420,000
RETAIL STORES Current
MEDICAL BUILDING
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
4411 Frankford Ave LLC
Entity
Mailing address
669 NE 60TH ST, MIAMI, FL 33137-2350
Ownership since
2024
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
Feb 22, 2024
$555,000
4411 Frankford Ave LLC
Barrys Construction Group LLC
Deed
$412,500 · American Heritage FCU
Feb 22, 2023
—
Barrys Construction Group LLC
B&e Management Group LLC
Quit Claim Deed
related
$292,000 · Accolend LLC
Jul 3, 2020
$125,000
B & E Management Group LLC
Frankford Investments LLC
Grant Deed
—
Oct 14, 2015
$19,100
Frankford Investments LLC
Sheriff Of Philadelphia County|christina Zervoudis
Trustees Deed
related
—
Sep 15, 2010
—
Christina Zervoudis Music Scho
Zervoudis,costas & Zoi
Quit Claim Deed
—
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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