Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,040,000
Sports & entertainment properties
8001 Verree Rd Philadelphia, PA 19111-2322
Entity Owned
~
Est. High Equity
Property ID
US73-1288835
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1881
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,564 SF
Lot
11.26 ac (490,311 SF)
Zoning code
RSD1
APN
88-2-8864-00
UPID
US73-1288835
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
-
Knowlton Mansion Wedding Service
-
Conroy Catering Company Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.04M
Owner & transaction history
8001 Verree Crcp LLC
8001 Verree Crcp LLC
since 2025
Last sale
$5.3M
6 recorded transactions
Zoning & alternative use
RSD1 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+248.7%
Office building
$5.5M
+186.5%
Medical building
$5.3M
+176.5%
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
$4,790,000
ML approach
$4,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,675,000
Change: +249% · Conversion: Difficult
OFFICE BUILDING
$5,485,000
Change: +187% · Conversion: Difficult
MEDICAL BUILDING
$5,295,000
Change: +177% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,040,000
Change: +163% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,000,000
Change: +109% · Conversion: Difficult
RETAIL STORES
$3,695,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,400,000
Change: +78% · Conversion: Difficult
Blend value · Realmo final
$5.04M
Range $4.54M – $5.54M · ±10% · vs last sale $5.26M (May 3 2022)
Last sale anchor
$5.26M
May 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
$234 / 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
$46,900
Tax year 2023
Assessed value
$3,350,500
Assessed 2023
Previous assessed
$3,350,500
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$2,345,364
Assessed improvement
$1,005,136
Land market value
$2,345,364
Improvement market value
$1,005,136
Total market value
$3,350,500
Applied tax rate
63.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1881
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Total area
21,564 SF
Lot
11.26 ac (490,311 SF)
Zoning code
RSD1
APN
88-2-8864-00
UPID
US73-1288835
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RSD1 · Philadelphia, PA
Zoning RSD1 · permitted uses
RSD1 · 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
RESTAURANT
Est. value
$6.7M
OFFICE BUILDING
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
RETAIL STORES
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.4M
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1881
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Lot
11.26 ac
Current owner
From public records · entity-resolved
8001 Verree Crcp LLC
Entity
Mailing address
3 ALLISON DR, MADISON, CT 06443-2172
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
—
8001 Verree Crcp LLC
8001 Verree Crcp LLC
Deed
related
—
Mar 3, 2025
—
8001 Verree Crcp LLC
8001 Verree Crcp LLC
Deed
related
—
May 3, 2022
$5,260,000
8001 Verfle Crcp LLC
Levicon LLP
Deed
$5,625,000 · Alcova Origination LLC
Aug 17, 2007
—
Levicon LLP
—
Trustees Deed
related
$200,000 · Liberty Bell Bank
—
—
Levicon LLP
—
Deed Of Trust
related
$300,000 · Liberty Bell Bank
—
—
Levicon LLP
—
Deed Of Trust
related
$3,400,000 · Liberty Bell Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8001 Verree Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
