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Property profile & analytics
OFF-MARKET
Estimated value
$8,525,000
Grocery and convenience stores
5601 Chestnut St 25 Philadelphia, PA 19139-3201
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US73-0860685
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,013 SF
Lot
3.72 ac (161,956 SF)
Zoning code
CA2
APN
88-2-8848-10
UPID
US73-0860685
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
-
Wendy's Restaurant Take-out & Catering
-
The Fresh Grocer of 56th & Chestnut Take-out & Catering Catering Service
-
KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Wendy’s Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.39M
Comparable Approach
Comparable
$8.34M
Blend (final)
Blend
$8.53M
Owner & transaction history
Spirit Master Funding LLC · 20 yrs held
Spirit Master Funding LLC
since 2006
5 recorded transactions
Zoning & alternative use
CA2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.7M
+130.2%
Medical building
$13.3M
+122.2%
Neighborhood: shopping center
$10.0M
+67.9%
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%
$10,175,000
6.5%
$9,390,000
7%
$8,720,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,970,000
Current use
OFFICE BUILDING
$13,740,000
Change: +130% · Conversion: Easy
MEDICAL BUILDING
$13,260,000
Change: +122% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,020,000
Change: +68% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,520,000
Change: +43% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,955,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,135,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$8.53M
Range $7.67M – $9.38M · ±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
$158 / 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
$133,587
Tax year 2023
Assessed value
$9,543,300
Assessed 2023
Previous assessed
$9,543,300
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,908,669
Assessed improvement
$7,634,631
Land market value
$1,908,669
Improvement market value
$7,634,631
Total market value
$9,543,300
Applied tax rate
60.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
54,013 SF
Lot
3.72 ac (161,956 SF)
Zoning code
CA2
APN
88-2-8848-10
UPID
US73-0860685
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CA2 · Philadelphia, PA
Zoning CA2 · permitted uses
CA2 · 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
$6.0M
OFFICE BUILDING
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$13.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.0M
AUTO REPAIR, GARAGE
Est. value
$8.5M
WAREHOUSE, STORAGE
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.1M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
3.72 ac
Current owner
From public records · entity-resolved
Spirit Master Funding LLC
Entity
Mailing address
5004 STATE RD, DREXEL HILL, PA 19026-4609
Ownership since
2006
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
Nov 16, 2022
—
Briad Wenchest LLC
—
Deed
related
$55,100,000 · Mid Penn Bank
Apr 8, 2022
—
Chesmark Associates LP
—
Deed
related
$10,000,000 · Customers Bank
Aug 4, 2017
—
Chesmark Associates LP
—
Grant Deed
related
$8,200,000 · Liberty Bk
May 18, 2006
$3,400,000
Spirit Master Funding LLC
Spirit Master Holdings Spe LLC
Special Warranty Deed
$3,400,000 · Citibank NA
May 4, 1998
$3,250,000
Rite Aid Of Pennsylvania
Gerimed Corp
Grant 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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