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Property profile & analytics
OFF-MARKET
Estimated value
$26,760,000
Manufacturing properties
700 Ramona Ave Philadelphia, PA 19120-4600
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2501916
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
228,946 SF
Lot
5.81 ac (252,996 SF)
Zoning code
I2
APN
88-4-1850-05
UPID
US73-2501916
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
-
ShipCube - Philadelphia 3 Warehouse & Storage
-
Simkar Corporation Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$26.76M
Owner & transaction history
Lba Or Core Company Xiii LLC · 4 yrs held
Lba Or Core Company Xiii LLC
since 2022
Last sale
$28.0M
7 recorded transactions
Zoning & alternative use
I2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$42.5M
+73.2%
Auto repair, garage
$36.1M
+47.3%
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
$25,450,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$27,830,000
6.5%
$25,690,000
7%
$23,855,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,525,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$42,475,000
Change: +73% · Conversion: Difficult
AUTO REPAIR, GARAGE
$36,110,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$26.76M
Range $24.08M – $29.44M · ±10% · vs last sale $27.95M (Feb 3 2022)
Last sale anchor
$27.95M
Feb 3 2022
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
$117 / 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
$188,343
Tax year 2023
Assessed value
$13,455,000
Assessed 2023
Previous assessed
$13,455,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$2,691,000
Assessed improvement
$10,764,000
Land market value
$2,691,000
Improvement market value
$10,764,000
Total market value
$13,455,000
Applied tax rate
42.0000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
228,946 SF
Lot
5.81 ac (252,996 SF)
Zoning code
I2
APN
88-4-1850-05
UPID
US73-2501916
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I2 · Philadelphia, PA
Zoning I2 · permitted uses
I2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$24.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$42.5M
AUTO REPAIR, GARAGE
Est. value
$36.1M
INDUSTRIAL (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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
5.81 ac
Current owner
From public records · entity-resolved
Lba Or Core Company Xiii LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
—
Lba Or Core Compnay Xiii LLC
—
Deed
related
$71,500,000 · Us Bank NA
Feb 3, 2022
$27,950,000
Lba Or Core Company Xiii LLC
Sbg Real Estate LLC
Special Warranty Deed
—
Jan 18, 2022
—
Sbg Real Estate LLC
—
Deed
related
$750,000 · Republic First Bank
Jul 29, 2021
—
Sbg Real Estate LLC
—
Deed
related
$50,000 · Republic First Bank
May 8, 2020
—
Sbg Real Estate LLC
—
Deed
related
$5,500,000 · Beb Credit Group LLC
Jan 4, 2019
—
Neo Lights Holdings INC
—
Deed
related
$5,000,000 · Newtek Small Busn Fin
Oct 16, 2018
—
Neo Lights Holdings INC
—
Grant Deed
related
$5,000,000 · Capstone Capital Group
Aug 9, 2018
—
Neo Lights Holdings INC
Simkar LLC
Deed
—
—
—
Neo Lights Holdings INC
—
Deed Of Trust
related
$5,000,000 · Newtek Small Busn Fin
—
—
Sbg Real Estate LLC
—
Deed Of Trust
related
$5,500,000 · Beb Credit Group LLC
—
—
Simkar LLC
—
Deed Of Trust
related
$4,000,000 · Salem Capital Partners 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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