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

    7500 State Rd Philadelphia, PA 19136-3402

    • Flex space
    • 98,995 SF
    • 2.64 lot acres
    OFF-MARKET
    Last Sale
    Oct 21, 2024
    $7,080,000
    Value Estimations
    $7,580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-0220132
    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

    • Sweet Lucy's Smokehouse / Barbecue Restaurant / Restaurant

    Property Details for 7500 State Rd

    Year built
    1949
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.64 lot acres
    Property size
    98,995 SF
    Zone code
    I2
    Property type
    Flex space
    APN
    88-4-2554-50
    APU
    884255450

    Description

    This exceptional 98,995-square-foot industrial warehouse, situated on a 2.63-acre lot in Philadelphia's Tacony section, presents a significant opportunity. The property boasts a single, expansive suite currently offering 90,000 square feet of vacant space, ideal for a variety of distribution or warehouse operations. The building features a 16'2" ceiling height, providing ample vertical storage capacity. Access is convenient with 1 loading dock and 4 drive-in doors, ensuring efficient loading and unloading. Ample private parking is available for employees and visitors. The property benefits from a 281-foot frontage on State Road, providing excellent visibility and accessibility. Its strategic location offers immediate access to major transportation arteries, including State Road, the Tacony-Palmyra Bridge, I-95, and Center City Philadelphia. The property is zoned I-2 Medium Industrial (City of Philadelphia), allowing for a range of industrial uses. This prime location in Philadelphia County, PA, zip code 19136, combines excellent access to transportation networks with a substantial warehouse space, making it an attractive investment for businesses seeking a strategic location in the Philadelphia market. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,080,000
      ML approach
      $7,080,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,115,000
      6.5%
      $11,180,000
      7%
      $10,385,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,963,000
      Market price range: $3.81M - $19.8M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $10,605,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0273
    Latitude
    40.0292
    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
    $45,454
    $649,440
    $2,597,760
    $3,247,200
    -
    $649,440
    $2,597,760
    $3,247,200

    Comparable in this City

    • Value Estimation
      $305,000
      7,965 SF

      8353 Hegerman St

      LIGHT INDUSTRIAL • 7,965 SF
      8353 Hegerman St, Philadelphia, PA 19136-2905
      View Details
    • Value Estimation
      $480,000
      4,870 SF

      7355 State Rd

      LIGHT INDUSTRIAL • 4,870 SF
      7355 State Rd, Philadelphia, PA 19136-4212
      View Details
    • Value Estimation
      $1,930,000
      31,808 SF

      9000 State Rd

      LIGHT INDUSTRIAL • 31,808 SF
      9000 State Rd, Philadelphia, PA 19136-1615
      View Details
    • Value Estimation
      $670,000
      33,500 SF

      4800 Wingate St

      LIGHT INDUSTRIAL • 33,500 SF
      4800 Wingate St, Philadelphia, PA 19136-2906
      View Details
    • Value Estimation
      $260,000
      6,400 SF

      8675 Torresdale Ave

      LIGHT INDUSTRIAL • 6,400 SF
      8675 Torresdale Ave, Philadelphia, PA 19136-1505
      View Details
    • Value Estimation
      $570,000
      23,335 SF

      7341 Tulip St

      LIGHT INDUSTRIAL • 23,335 SF
      7341 Tulip St, Philadelphia, PA 19136-4215
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,300 SF

      Versatile Warehouse with Outdoor Storage

      4,300 SF warehouse with loading dock and gated storage.
      8047 Craig St, Philadelphia, PA 19136
      View Details
    • Contact for pricing
      4,000 SF

      Blakiston Street Warehouse with Office

      4,000 SF warehouse with office and two drive-ins.
      4710 Blakiston St, Philadelphia, PA 19136
      View Details
    • Contact for pricing
      31,000 SF

      Manufacturing Facility with DEA Approval

      31,000 SF manufacturing facility with existing infrastructure and DEA approval.
      9000 State Rd, Philadelphia, PA 19136
      View Details
    • $849,900
      8,412 SF

      Mixed-Use Corner Property in Mayfair

      Highly visible commercial mixed-use property in a densely populated area.
      4624 Rhawn St, Philadelphia, PA 19136
      View Details
    • $284,900
      1,574 SF

      West Mayfair Duplex with Updates

      Updated duplex with yard, patio, and finished basement.
      3413 Shelmire Ave, Philadelphia, PA 19136
      View Details
    • New
      $365,000
      1,656 SF

      Holmesburg Twin-Duplex For Sale

      Well-maintained twin-duplex in Holmesburg, Philadelphia, with two spacious units.
      4406 Mcmenamy St, Philadelphia, PA 19136
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      30-Acre Philadelphia Industrial Land

      Prime Philadelphia industrial land for lease.
      7777-R State Rd, Philadelphia, PA 19136
      View Details
    • Contact for pricing
      14,500 SF

      Industrial Space in Tacony Philadelphia

      Industrial space for lease in Philadelphia's Tacony neighborhood.
      7336 State Rd, Philadelphia, PA 19136
      View Details
    • Contact for pricing
      49,200 SF

      10,000 SF Warehouse Available

      10,000 SF warehouse space for lease near I-95.
      7600 State Rd, Philadelphia, PA 19136
      View Details
    • Contact for pricing
      82,345 SF

      Retail Space For Lease

      82,345 SF retail space available, near I-95.
      8812 Frankford Ave, Philadelphia, PA 19136
      View Details
    • $15 SF/Yr
      69,510 SF

      Shelly Plaza Shopping Center

      Philadelphia Retail Investment Opportunity
      8914 Frankford Ave, Philadelphia, PA 19136
      View Details
    • $2,500 /Mo

      Renovated Corner Home in Mayfair

      Renovated 3-bedroom home with modern kitchen and finished basement.
      4011 Bleigh Ave, Philadelphia, PA 19136
      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.
    7500 State Rd
    Philadelphia, PA 19136-3402
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.