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

    700 Packer Ave Philadelphia, PA 19148-5320

    • Warehouses
    • 108,900 SF
    • 13.35 lot acres
    OFF-MARKET
    Value Estimations
    $10,625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2241950
    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

    • South Philadelphia Race & Sportsbook / Off Track Betting Shop
    • Packer Avenue Foods / Food Manufacturer
    • 700 Packer Ave Parking / Parking Lot
    • Sportview Bar & Grill / Bar & Grill / Restaurant
    • Lottery Claims Headquarters / Atm

    Property Details for 700 Packer Ave

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    13.35 lot acres
    Property size
    108,900 SF
    Zone code
    I2
    Property type
    Warehouses
    APN
    88-4-1425-00
    APU
    884142500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,870,000
      Market price range: $1.60M - $10.4M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $12,260,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1626
    Latitude
    39.9083
    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
    $171,494
    $3,675,390
    $8,575,910
    $12,251,300
    -
    $3,675,390
    $8,575,910
    $12,251,300

    Comparable in this City

    • Value Estimation
      $27,820,000
      338,373 SF

      84 Pier Pier

      WAREHOUSE, STORAGE • 338,373 SF
      84 Pier Pier, Philadelphia, PA 19148
      View Details
    • Value Estimation by Request
      2,560 SF

      231 Tasker St

      WAREHOUSE, STORAGE • 2,560 SF
      231 Tasker St, Philadelphia, PA 19148-1324
      View Details
    • Value Estimation
      $15,495,000
      230,830 SF

      1910 Columbus Blvd

      MINI-WAREHOUSE, STORAGE • 230,830 SF
      1910 Columbus Blvd, Philadelphia, PA 19148-2820
      View Details
    • Value Estimation
      $875,000
      10,530 SF

      3650 Galloway St

      WAREHOUSE, STORAGE • 10,530 SF
      3650 Galloway St, Philadelphia, PA 19148-5402
      View Details
    • Value Estimation
      $1,975,000
      19,552 SF

      3525 Lawrence St

      WAREHOUSE, STORAGE • 19,552 SF
      3525 Lawrence St, Philadelphia, PA 19148-5608
      View Details
    • Value Estimation
      $2,005,000
      28,174 SF

      3101 Lawrence St

      WAREHOUSE, STORAGE • 28,174 SF
      3101 Lawrence St, Philadelphia, PA 19148-5606
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      180,000 SF

      Piers 38: Prime Philly Warehouse

      180,000 SF Warehouse, Excellent Location
      0 Piers 38, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      23,256 SF

      Philadelphia Warehouse with Office Space

      23,256 SF warehouse with office near I-95.
      2300 N American St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      10,756 SF

      Philadelphia Flex Building For Sale

      Two-story, 10,756 SF flex building in Norris Square.
      1847-55 N 5Th St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      147,525 SF

      1201 Jackson St

      Multifamily properties • 147,525 SF
      1201 Jackson St, Philadelphia, PA 19148
      View Details
    • $1,074,999
      4,896 SF

      Commercially Zoned Philadelphia Building

      Four-level, commercially zoned building near Passyunk Square.
      2337 S 13Th St, Philadelphia, PA 19148
      View Details
    • $250,000
      1,374 SF

      Spacious Home in South Philadelphia

      Inviting home with finished basement in Whitman section, Philadelphia.
      2447 S 5Th St, Philadelphia, PA 19148
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,790 SF

      Freestanding Warehouse with Parking

      Freestanding warehouse with ample parking and convenient loading docks.
      1740 N 2Nd St, Philadelphia, PA 19148
      View Details
    • $4 SF/Yr
      77,000 SF

      Warehouse Space in Philadelphia Available

      Approximately 80,000 SF warehouse space for lease.
      2200 N 8Th St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      4,627 SF

      South Philadelphia Retail/Office/Flex Space

      Two-story retail/office/flex space in the heart of South Philadelphia.
      22 Wolf St, Philadelphia, PA 19148
      View Details
    • $24 SF/Yr
      1,550 SF

      Philadelphia Office Space For Rent

      Office space available for lease in Philadelphia, PA.
      1701-1703 S Broad St, Philadelphia, PA 19148
      View Details
    • Contact for pricing
      12,078 SF

      Retail Space in Philadelphia Available

      Highly visible retail space with ample parking and flexible size.
      2222 W Ritner St, Philadelphia, PA 19148
      View Details
    • $3,000 /Mo
      2,100 SF

      Modern Home Near Passyunk Square

      Four-bedroom, three-bath home built in 2022 with finished basement.
      605 Emily St, Philadelphia, PA 19148
      View Details
    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.
    700 Packer Ave
    Philadelphia, PA 19148-5320
    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.