Financial
Distress signals
Property profile

5623 Lancaster Ave Philadelphia, PA 19131

FOR SALE
Retail space
Property ID
US73-4860064
3,200 SF 0.4 ac lot Built 1930
Last sale Jan 2022 · $725,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property located at 5623 Lancaster Avenue in West Philadelphia is an industrial facility positioned along an active commercial corridor. It includes approximately 3,200 square feet of combined flex, industrial, and warehouse space, configured to support industrial and light commercial uses. The property has an existing tenant operating under a month-to-month arrangement, and it is suited to be either retained or repositioned for a new industrial user depending on future occupancy.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$30k
Tax billed · 2023
Assessed value$2.14M
Assessed land$1.83M
Assessed improvement$319k
Effective rate1.40%

Value estimate

· Sep 2026
$715k
$644k – $787k
AI approach$695k
CAP approach$555k
Submarket $/SF estimate$889k
NOI build-up
Gross scheduled income$58k
Vacancy & credit loss−$6k
Operating expenses−$18k
NOI · 4.85% cap applied$34k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$171/SF
Submarket average, outlier-cleaned · 466 recorded sales of this use type
Observed band · Q1–Q3$87 – $278
Qualifying comparables4

Cap rate analysis

How does the asset earn?
4.85%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
ICMX
ICMX, Industrial Commercial Mixed-Use District. 299 The ICMX, Industrial Commercial Mixed-Use district is primarily intended to accommoda...
General categoryMIXED_USE
JurisdictionPHILADELPHIA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency150.5
Building Supply105.6
Law Firm97.7

Location

5623 Lancaster Ave Philadelphia, PA 19131
County assessor Recorded deeds · 1 transfer 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4903 Lancaster, Philadelphia, PA 19131 $100,000 Dec 2025 6,173 SF
5529 Lansdowne, Philadelphia, PA 19131-3532 $600,000 Mar 2025 2,433 SF
4060 City, Philadelphia, PA 19131-1707 $8,000,000 Nov 2022 3,765 SF
1205 52nd, Philadelphia, PA 19131-4411 $200,000 Feb 2020 4,728 SF
5052 City, Philadelphia, PA 19131-1441 $943,000 Nov 2019 4,548 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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