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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
5018 City Ave, Philadelphia, PA 19131-1414
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-0869525
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,025 SF
Lot
0.32 ac (13,750 SF)
Zoning code
CMX2.5
APN
88-4-5089-60
UPID
US73-0869525
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
-
Super Laundry Cycle Laundromat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$440k
Blend (final)
Blend
$545k
Owner & transaction history
5018 City LLC · 18 yrs held
5018 City LLC
since 2008
3 recorded transactions
Zoning & alternative use
CMX2.5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$745,000
+44.1%
Retail stores
$690,000
+33.1%
Auto repair, garage
$635,000
+22.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$520,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: +44% · Conversion: Moderate
RETAIL STORES
$690,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$635,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
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
$135 / 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
$3,662
Tax year 2023
Assessed value
$261,600
Assessed 2023
Previous assessed
$261,600
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$78,480
Assessed improvement
$183,120
Land market value
$78,480
Improvement market value
$183,120
Total market value
$261,600
Applied tax rate
52.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
4,025 SF
Lot
0.32 ac (13,750 SF)
Zoning code
CMX2.5
APN
88-4-5089-60
UPID
US73-0869525
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX2.5 · Philadelphia, PA
Zoning CMX2.5 · permitted uses
CMX2.5 · 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
WAREHOUSE, STORAGE Current
Est. value
$520,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
RETAIL STORES
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$635,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1924
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
5018 City LLC
Entity
Mailing address
15 NICOLOSI DR, STATEN ISLAND, NY 10312-5847
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
—
5018 City LLC
—
Deed
related
$950,000 · Mainstreet Bank
Feb 13, 2008
$1,800,000
5018 City LLC
Morris Phyllis A T C S Trust
Grant Deed
$1,400,000 · Morris Phyllis A T C S Tr (tr)
Sep 20, 2005
—
Morris Phyllis A Trust
Morris,phyllis A
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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