Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5231 Frankford Ave, Unit 41 Philadelphia, PA 19124-1924

    • Retail space
    • 12,970 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1388667
    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

    • SNIPES / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store

    Property Details for 5231 Frankford Ave

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.67 lot acres
    Property size
    12,970 SF
    Zone code
    CMX3
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    88-2-0734-75
    APU
    882073475

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $899,000
      Market price range: $504k - $2.14M
      AI Estimate
      $737,000
      Market price range: $527k - $2.11M

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0769
    Latitude
    40.0225
    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
    $8,760
    $125,159
    $500,641
    $625,800
    -
    $125,159
    $500,641
    $625,800

    Comparable in this City

    • Value Estimation by Request
      2,376 SF

      4458 Frankford Ave

      STORE, RETAIL OUTLET • 2,376 SF
      4458 Frankford Ave, Philadelphia, PA 19124-3637
      View Details
    • Value Estimation by Request
      2,940 SF

      4706 Oxford Ave

      STORE, RETAIL OUTLET • 2,940 SF
      4706 Oxford Ave, Philadelphia, PA 19124-5819
      View Details
    • Value Estimation by Request
      2,904 SF

      4633 Frankford Ave

      STORE, RETAIL OUTLET • 2,904 SF
      4633 Frankford Ave, Philadelphia, PA 19124-5803
      View Details
    • Value Estimation by Request
      2,220 SF

      1858 Wakeling St

      STORE, RETAIL OUTLET • 2,220 SF
      1858 Wakeling St, Philadelphia, PA 19124-2857
      View Details
    • Value Estimation by Request
      2,820 SF

      4667 Frankford Ave, Unit 69

      STORE, RETAIL OUTLET • 2,820 SF
      4667 Frankford Ave, Philadelphia, PA 19124-5826
      View Details
    • Value Estimation by Request
      4,435 SF

      4609 Frankford Ave

      STORE, RETAIL OUTLET • 4,435 SF
      4609 Frankford Ave, Philadelphia, PA 19124-5803
      View Details

    Similar Nearby for Sale

    • $150,000
      1,980 SF

      Mixed-Use Duplex in Frankford

      Versatile mixed-use duplex in Philadelphia's Frankford neighborhood.
      1619 Kinsey St, Philadelphia, PA 19124
      View Details
    • Contact for pricing
      297,987 SF

      Industrial Building with Retail Portion

      Large industrial building with retail component for sale.
      1501 Unity St, Philadelphia, PA 19124
      View Details
    • $329,900
      1,564 SF

      Triplex with Commercial Space

      Well-maintained triplex in Oxford Circle with commercial basement.
      5451 Oakland St, Philadelphia, PA 19124
      View Details
    • Contact for pricing
      2,624 SF

      Kensington Ave Restaurant Property

      ±2,624 SF Freestanding Restaurant, Excellent Visibility
      3981 Kensington Ave, Philadelphia, PA 19124
      View Details
    • $775,000
      12,930 SF

      Prime Philadelphia Office Space

      12,930 SF Office, Renovated 2017
      2055 Orthodox St, Philadelphia, PA 19124
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for sale in Philadelphia, Pennsylvania.
      5597 Tulip St, Philadelphia, PA 19124
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      3,485 SF

      Renovated Commercial Space in Philadelphia

      Move-in-ready commercial space with flexible layout in Philadelphia.
      4519 Frankford Ave, Philadelphia, PA 19124
      View Details
    • $20 SF/Yr
      9,180 SF

      Retail Space Available For Rent

      9,180 square foot retail space available for rent.
      1955 W Hunting Park Ave, Philadelphia, PA 19124
      View Details
    • Contact for pricing
      3,945 SF

      Frankford Avenue Retail/Medical Space

      Retail or medical space near Frankford Transportation Center.
      4821-27 Frankford Ave, Philadelphia, PA 19124
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space on Castor Avenue

      Retail space available in Northeast Philadelphia near Roosevelt Boulevard.
      4501 Castor Ave, Philadelphia, PA 19124
      View Details
    • Contact for pricing
      12,848 SF

      Retail Space with Ample Parking

      Highly visible retail space with flexible sizing and ample parking.
      1020-1050 E Hunting Park Ave, Philadelphia, PA 19124
      View Details
    • Contact for pricing
      1,550 SF

      Retail Space on Roosevelt Boulevard

      Retail space with high traffic and proven tenant stability.
      4600 E Roosevelt Blvd, Philadelphia, PA 19124
      View Details

    Property Visit Statistics

    • Visits by month
      2.7k
    • Visitors by month
      2.8k
    • Avg Time on site
      12 min
    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.
    5231 Frankford Ave, Unit 41
    Philadelphia, PA 19124-1924
    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

    Google sign-in failed. Please try again or use another login method.