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Property profile & analytics
OFF-MARKET
Estimated value
$3,995,000
Bowling alleys
649 Foulkrod St Philadelphia, PA 19120-2125
Individually Owned
8-yr Hold
Free & Clear
Property ID
US73-1902069
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
35,397 SF
Lot
2.23 ac (97,095 SF)
Zoning code
ICMX
APN
88-2-0511-80
UPID
US73-1902069
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
-
Dr. Ellie Zheng Physician
-
Family Dollar Discount Store
-
Everest Medspa - Philadelphia Spa & Massage Center Alternative Medicine Practice
-
M Laundry (Bike/Boat/Book/etc) Store
-
Trim Drug Abuse Rehab Philadelphia, PA Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.56M
Blend (final)
Blend
$4.00M
Owner & transaction history
Yuan Z Zhu · 8 yrs held
Yuan Z Zhu
since 2018
2 recorded transactions
Zoning & alternative use
ICMX · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ICMX, Industrial Commercial Mixed-Use District. 299 The ICMX, Industrial Commercial Mixed-Use district is primarily intended to accommodate commercial and low-impact industrial uses. The district may serve as a buffer between Industrial districts and Commercial and Residential Districts. (.3)
Zone name
Industrial Commercial Mixed Use
General category
MIXED_USE
Zone area
1,458.50 ac
Top alternative use upside
Neighborhood: shopping center
$6.6M
+109.0%
Auto repair, garage
$5.6M
+77.6%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$3,145,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,565,000
Change: +109% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,585,000
Change: +78% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.39M · ±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
$113 / 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
$83,425
Tax year 2023
Assessed value
$5,959,800
Assessed 2023
Previous assessed
$5,959,800
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,191,969
Assessed improvement
$4,767,831
Land market value
$1,191,969
Improvement market value
$4,767,831
Total market value
$5,959,800
Applied tax rate
35.0000
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
35,397 SF
Lot
2.23 ac (97,095 SF)
Zoning code
ICMX
APN
88-2-0511-80
UPID
US73-1902069
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
ICMX · Philadelphia, PAZoning ICMX · permitted uses
ICMX · Philadelphia, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ICMX, Industrial Commercial Mixed-Use District. 299 The ICMX, Industrial Commercial Mixed-Use district is primarily intended to accommodate commercial and low-impact industrial uses. The district may serve as a buffer between Industrial districts and Commercial and Residential Districts. (.3)
Zone name
Industrial Commercial Mixed Use
General category
MIXED_USE
Zone area
1,458.50 ac
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$5.6M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Yuan Z Zhu
Individual
Free & Clear · 8 yrs held
Mailing address
2430 VIS ST, PHILADELPHIA, PA 19152-4305
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2018
$839,999
Yuan Z Zhu
Phang,kochi
Grant Deed
—
Feb 17, 2012
$840,000
Phang,kochi
Adams Avenue Associates
Grant Deed
—
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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