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    Property profile & analytics

    7700 Crittenden St Philadelphia, PA 19118

    • Strip malls
    • 103,898 SF
    • 10.23 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1130278
    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

    • NAVAL RECRUITING STATION GERMANTOWN / Military Recruiting Office
    • Andrea Marinaro / Pharmacy
    • Fredrick Snyder / Pharmacy
    • Citizens Bank ATM / Atm
    • Ziba Safi / Physician

    Property Details for 7700 Crittenden St

    Year built
    1930
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    10.23 lot acres
    Property size
    103,898 SF
    Zone code
    CA2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    88-2-0403-00
    APU
    882040300

    Description

    This exceptional retail opportunity is located within the vibrant Market Square Shopping Center in Philadelphia, Pennsylvania, at 7700 Crittenden Street, zip code 19118. The property is a multi-tenant shopping center featuring a prominent ACME supermarket as an anchor tenant, ensuring high foot traffic and visibility. The total building size encompasses 102,794 square feet. Currently, there is 7,951 square feet of vacant retail space available for lease. Individual spaces are divisible to a minimum of 2,935 square feet, with a maximum contiguous space of 3,374 square feet. This presents a flexible leasing option for businesses of varying sizes. The property is situated in Philadelphia County and benefits from its strategic location within a bustling commercial area. This is an ideal location for retailers seeking high visibility and access to a dense customer base. The property's strong anchor tenant and ample available space make it a compelling investment opportunity. Interested parties are encouraged to inquire about lease terms and availability. The property is conveniently located at 40.0716693 latitude and -75.1938433 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $17,815,000
      AUTO REPAIR, GARAGE
      $16,390,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1944
    Latitude
    40.0725
    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
    $202,375
    $10,120,185
    $4,337,215
    $14,457,400
    -
    $10,120,185
    $4,337,215
    $14,457,400

    Comparable in this City

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      $2,555,000
      22,468 SF

      8400 Germantown Ave

      SHOPPING CENTER, STRIP CENTER • 22,468 SF
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      View Details
    • Value Estimation
      $3,935,000
      34,960 SF

      7700 Germantown Ave

      SHOPPING CENTER, STRIP CENTER • 34,960 SF
      7700 Germantown Ave, Philadelphia, PA 19118-3563
      View Details
    • Value Estimation
      $2,655,000
      23,200 SF

      35 Bethlehem Pike

      SHOPPING CENTER, STRIP CENTER • 23,200 SF
      35 Bethlehem Pike, Philadelphia, PA 19118-2869
      View Details
    • Value Estimation
      $1,200,000
      10,294 SF

      7640 Germantown Ave, Unit 52

      SHOPPING CENTER, STRIP CENTER • 10,294 SF
      7640 Germantown Ave, Philadelphia, PA 19118-3524
      View Details
    • Value Estimation by Request
      1,399 SF

      15 Springfield Ave, Unit B

      PARKING GARAGE, PARKING STRUCTURE • 1,399 SF
      15 Springfield Ave, Philadelphia, PA 19118-4033
      View Details
    • Value Estimation
      $965,000
      624 SF

      705 Wolcott Dr

      PARKING GARAGE, PARKING STRUCTURE • 624 SF
      705 Wolcott Dr, Philadelphia, PA 19118-4310
      View Details

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    Similar Nearby for Lease

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      2,935 SF

      Retail Space in Philadelphia Available

      Retail space available in Philadelphia, join established businesses.
      7700 Crittenden St, Philadelphia, PA 19118
      View Details
    • Contact for pricing
      7,600 SF

      Retail Space in Chestnut Hill

      Retail space for lease in Philadelphia's Chestnut Hill neighborhood.
      8400 Germantown Ave, Philadelphia, PA 19118
      View Details
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    Philadelphia, PA 19118
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    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
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