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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5001 Lancaster Ave, Unit 11 Philadelphia, PA 19131-4605

    • Warehouses
    • 26,460 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $2,590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1758487
    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

    • Warehouses

    Property Details for 5001 Lancaster Ave

    Year built
    1924
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.42 lot acres
    Property size
    26,460 SF
    Zone code
    ICMX
    Property type
    Warehouses
    APN
    88-4-4622-20
    APU
    884462220

    Description

    This exceptional 39,543-square-foot industrial property, located at 5001 Lancaster Avenue in Philadelphia, Pennsylvania (zip code 19131), presents a significant investment opportunity. The building, featuring a mix of flex and warehouse space, is currently vacant and offers substantial potential for a variety of uses. The property boasts three street frontages along Lancaster Avenue, North 50th Street, and Merion Avenue, providing excellent visibility and accessibility. The rear of the property includes approximately 5,000 square feet of parking and two loading docks. The interior comprises three levels—a first floor, second floor, and basement—each accessible via a passenger elevator, freight elevator, and two staircases. Floor plans show approximately 13,124 square feet on the first floor, 13,127 square feet on the second floor, and 13,292 square feet in the basement. Ceiling heights range from 15 to 18 feet. The property is zoned ICMX (Industrial Commercial Mixed Use), allowing for diverse development options. Its prime location along a heavily trafficked commercial and industrial corridor, near residential developments and shopping centers, makes it an attractive prospect for a wide range of businesses. The asking price is $2,380,000, translating to $60.19 per square foot. This property offers a unique blend of functionality, location, and potential, making it an ideal investment for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,401,000
      Market price range: $1.36M - $6.18M
      AI Estimate
      $1,783,000
      Market price range: $601k - $2.89M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,410,000
      Current use
      AUTO REPAIR, GARAGE
      $4,175,000
      Change: +22% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.2224
    Latitude
    39.9756
    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
    $964,500
    -
    $0.00
    $0.00
    $964,500

    Comparable in this City

    • Value Estimation by Request
      30,714 SF

      5136 Lancaster Ave, Unit 38

      MINI-WAREHOUSE, STORAGE • 30,714 SF
      5136 Lancaster Ave, Philadelphia, PA 19131-4432
      View Details
    • Value Estimation
      $945,000
      12,150 SF

      5155 Girard Ave, Unit 59

      WAREHOUSE, STORAGE • 12,150 SF
      5155 Girard Ave, Philadelphia, PA 19131-4403
      View Details
    • Value Estimation by Request
      6,681 SF

      5300 Lansdowne Ave

      WAREHOUSE, STORAGE • 6,681 SF
      5300 Lansdowne Ave, Philadelphia, PA 19131
      View Details
    • Value Estimation by Request
      3,498 SF

      4612 Lancaster Ave

      WAREHOUSE, STORAGE • 3,498 SF
      4612 Lancaster Ave, Philadelphia, PA 19131-5207
      View Details
    • Value Estimation by Request
      0.02 Acres

      4922nd Merion Ave, Unit 26

      WAREHOUSE, STORAGE • 0.02 Acres
      4922nd Merion Ave, Philadelphia, PA 19131-4611
      View Details
    • Value Estimation
      $1,285,000
      15,240 SF

      4706 Westminster Ave, Unit 10

      WAREHOUSE, STORAGE • 15,240 SF
      4706 Westminster Ave, Philadelphia, PA 19131-5216
      View Details

    Similar Nearby for Sale

    • $695,000
      3,200 SF

      Lancaster Avenue Flex/Industrial Property

      3,200 SF flex/industrial property with frontage on Lancaster Avenue.
      5623 Lancaster Ave, Philadelphia, PA 19131
      View Details
    • $1,000,000
      8,000 SF

      Lancaster Avenue Cold Storage Facility

      8,000 SF cold storage facility suitable for distribution.
      4651-4653 Lancaster Ave, Philadelphia, PA 19131
      View Details
    • $895,000
      6,681 SF

      West Philadelphia Warehouse with Drive-Ins

      6,681 SF warehouse with four drive-ins on Lansdowne Avenue.
      5300 Lansdowne Ave, Philadelphia, PA 19131
      View Details
    • $50,000
      0.04 Acres

      Residential Vacant Land in Philadelphia

      Residential vacant land available for future home construction.
      1317 N 49Th St, Philadelphia, PA 19131
      View Details
    • $99,900

      Overbrook Twin Home with Yard

      Two-bedroom home with yard, new roof and heater.
      1505 N Wanamaker St, Philadelphia, PA 19131
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    • $50,000
      0.02 Acres

      Vacant Lot in Carroll Park

      Vacant lot suitable for residential development in Philadelphia's Carroll Park.
      5148 Harlan St, Philadelphia, PA 19131
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    Similar Nearby for Lease

    • Contact for pricing
      33,075 SF

      Lancaster Ave Flex Space Available

      33,075 SF flex space for lease in Philadelphia.
      5351 Lancaster Ave, Philadelphia, PA 19131
      View Details
    • Contact for pricing
      8,857 SF

      Parkside Lofts Executive Offices

      Philadelphia Executive Suites Available
      4946-4950 Parkside Ave, Philadelphia, PA 19131
      View Details
    • $19 SF/Yr
      2,650 SF

      Wynnefield Avenue Office Space Available

      Office space for rent with parking and handicap access.
      5050 Wynnefield Ave, Philadelphia, PA 19131
      View Details
    • $17,708 /Mo

      Retail Space with Parking Available

      8,500 SF retail space with parking on signalized corner.
      4725 W Girard Ave, Philadelphia, PA 19131
      View Details
    • Contact for pricing
      76,039 SF

      Monument Plaza Retail Space

      Philadelphia Retail Opportunity: 3 Spaces Available
      4160 Monument Rd, Philadelphia, PA 19131
      View Details
    • $5,100 /Mo
      41,818 SF

      Retail Space in Wynnefield

      New retail space in a growing residential Philadelphia neighborhood.
      1818 N 53Rd St, Philadelphia, PA 19131
      View Details
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    5001 Lancaster Ave, Unit 11
    Philadelphia, PA 19131-4605
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    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
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