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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8000 State Rd Philadelphia, PA 19136-2909

    • Manufacturing properties
    • 66,275 SF
    • 4.14 lot acres
    OFF-MARKET
    Last Sale
    Sep 26, 2022
    $4,260,000
    Value Estimations
    $4,080,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1812812
    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

    • CW Thomas / Plastic Fabrication Company

    Property Details for 8000 State Rd

    Year built
    1909
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.14 lot acres
    Property size
    66,275 SF
    Zone code
    I2
    Property type
    Manufacturing properties
    APN
    88-4-2617-00
    APU
    884261700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,880,000
      ML approach
      $3,930,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,718,000
      Market price range: $1.23M - $4.06M

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0221
    Latitude
    40.0324
    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
    $47,347
    $848,784
    $2,533,616
    $3,382,400
    -
    $848,784
    $2,533,616
    $3,382,400

    Comparable in this City

    • Value Estimation
      $2,285,000
      77,500 SF

      7400 State Rd, Unit 26

      FACTORY (MANUFACTURING) • 77,500 SF
      7400 State Rd, Philadelphia, PA 19136-4214
      View Details
    • Value Estimation
      $2,355,000
      44,128 SF

      7352 State Rd, Unit 82

      FACTORY (MANUFACTURING) • 44,128 SF
      7352 State Rd, Philadelphia, PA 19136-4220
      View Details
    • Value Estimation by Request
      3,348 SF

      7353 State Rd

      FACTORY (MANUFACTURING) • 3,348 SF
      7353 State Rd, Philadelphia, PA 19136-4212
      View Details
    • Value Estimation by Request
      30.00 Acres

      7777-R State Rd

      Distribution properties • 30.00 Acres
      7777-R State Rd, Philadelphia, PA 19136
      View Details
    • Value Estimation
      $2,925,000
      38,365 SF

      9027 Torresdale Ave

      LIGHT INDUSTRIAL • 38,365 SF
      9027 Torresdale Ave, Philadelphia, PA 19136-1514
      View Details
    • Value Estimation
      $2,850,000
      31,130 SF

      7300 Milnor St, Unit 50

      WAREHOUSE, STORAGE • 31,130 SF
      7300 Milnor St, Philadelphia, PA 19136-4211
      View Details

    Similar Nearby for Sale

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      4,000 SF

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      4,000 SF warehouse with office and two drive-ins.
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      4,300 SF

      Versatile Warehouse with Outdoor Storage

      4,300 SF warehouse with loading dock and gated storage.
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      Mixed-Use Corner Property in Mayfair

      Highly visible commercial mixed-use property in a densely populated area.
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      West Mayfair Duplex with Updates

      Updated duplex with yard, patio, and finished basement.
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    • New
      $365,000
      1,656 SF

      Holmesburg Twin-Duplex For Sale

      Well-maintained twin-duplex in Holmesburg, Philadelphia, with two spacious units.
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      Frankford Avenue Retail Building

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    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
    • $649,900
      11,761 SF

      Frankford Avenue Commercial Space

      Over 6,000 sq ft commercial space on Frankford Avenue.
      8109 Frankford Ave, Philadelphia, PA 19136
      View Details
    • $1,350 /Mo
      1,116 SF

      Charming Philadelphia Apartment with Hardwood

      Comfortable 2-bedroom apartment with hardwood floors and natural light.
      4440 Shelmire Ave, Philadelphia, PA 19136
      View Details
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    8000 State Rd
    Philadelphia, PA 19136-2909
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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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