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Property profile & analytics
FOR LEASE
Banks
6740 Germantown Ave Philadelphia, PA 19119
Entity Owned
2-yr Hold
Free & Clear
Property ID
US73-1452804
For Lease
1 / 47
$20 SF/Yr
6740 Germantown Ave, Philadelphia, PA 19119
View Listing →
Property summary
AI-generated overview
This stunning 6,423 square foot building, located at 6740 Germantown Avenue in Philadelphia, Pennsylvania (zip code 19119), presents a rare opportunity for a discerning business owner. Originally a historic Colonial Revival bank building, the property boasts an elegant entryway, exquisite 19th-century architectural details, and impressive high arched windows. The single-tenant space is ideally suited for a restaurant, event venue, or retail establishment. Limited off-street parking is available. Situated in the heart of Mt. Airy's vibrant commercial corridor, the building is surrounded by attractive residential condos and apartments, ensuring a strong customer base. This exceptional property offers a unique blend of historical charm and modern functionality, making it an ideal location for a business seeking a prestigious and highly visible presence. The property's size and location within a thriving neighborhood make it a truly exceptional investment opportunity. Don't miss this chance to own a piece of Philadelphia history.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1907
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,600 SF
Lot
0.43 ac (18,600 SF)
Zoning code
CA1
APN
88-2-9633-65
UPID
US73-1452804
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$792k
Blend (final)
Blend
$880k
Owner & transaction history
Kajen Properties LLC · 2 yrs held
Kajen Properties LLC
since 2023
Last sale
$950,000
2 recorded transactions
Zoning & alternative use
CA1 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$915,000
+1.1%
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
$900,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$905,000
Current use
OFFICE BUILDING
$915,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$885,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $950k (Oct 17 2023)
Last sale anchor
$950k
Oct 17 2023
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
$244 / 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
$19,835
Tax year 2023
Assessed value
$1,417,000
Assessed 2023
Previous assessed
$1,417,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$991,934
Assessed improvement
$425,066
Land market value
$991,934
Improvement market value
$425,066
Total market value
$1,417,000
Applied tax rate
22.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1907
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
3,600 SF
Lot
0.43 ac (18,600 SF)
Zoning code
CA1
APN
88-2-9633-65
UPID
US73-1452804
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CA1 · Philadelphia, PA
Zoning CA1 · permitted uses
CA1 · 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
FINANCIAL BUILDING Current
Est. value
$905,000
OFFICE BUILDING
Est. value
$915,000
MEDICAL BUILDING
Est. value
$885,000
FINANCIAL BUILDING Current
OFFICE BUILDING
MEDICAL BUILDING
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
1907
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Kajen Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4701 GERMANTOWN AVE, PHILADELPHIA, PA 19144-3012
Ownership since
2023
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
Oct 17, 2023
$950,000
Kajen Properties LLC
6740 Germantown Avenue LLC
Deed
—
May 3, 2022
$850,000
6740 Germantown Avenue LLC
Santander Bank NA
Deed
$425,000 · Eastcoast Fianncial LP
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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