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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Strip malls
8230 Frankford Ave 38 Philadelphia, PA 19136-2360
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US73-2474355
Property summary
AI-generated overview
8230 Frankford Avenue presents a fantastic opportunity for businesses seeking high-visibility retail or office space. This property features three individual 1,000 square foot units (Units 4, 5, and 7), each boasting excellent visibility and accessibility in a bustling commercial area with significant foot traffic. The strategic location ensures maximum exposure for your business. Each unit offers a flexible interior layout, allowing for customization to perfectly match your specific operational needs. Large display windows flood the spaces with natural light, creating an inviting atmosphere and providing ample space to showcase products or services. The asking price is $15.60 per square foot. These units are ideal for a variety of retail or office uses, providing a prime location to establish or expand your business presence. Don't miss this chance to secure a prominent space in a thriving commercial district. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
10,500 SF
Lot
0.71 ac (30,752 SF)
Zoning code
CMX2.5
APN
88-2-0959-00
UPID
US73-2474355
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
-
Expedited Auto Tag & Insurance Inc Insurance Agency
-
Liberty Licensing & Consulting, LLC. Home Health Care Service
-
Super convenience mart LLC Grocery & Convenience Store
-
Legacyy Enrichment Center Hotel & Motel Resort
-
Global Travel Express INC. Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Frankford Heights Assocs LLC · 20 yrs held
Frankford Heights Assocs LLC
since 2006
2 recorded transactions
Zoning & alternative use
CMX2.5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,950,000
Current use
AUTO REPAIR, GARAGE
$1,655,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±10%
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
$116 / 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
$20,452
Tax year 2023
Assessed value
$1,461,100
Assessed 2023
Previous assessed
$1,461,100
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$292,215
Assessed improvement
$1,168,885
Land market value
$292,215
Improvement market value
$1,168,885
Total market value
$1,461,100
Applied tax rate
64.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Total area
10,500 SF
Lot
0.71 ac (30,752 SF)
Zoning code
CMX2.5
APN
88-2-0959-00
UPID
US73-2474355
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX2.5 · Philadelphia, PA
Zoning CMX2.5 · permitted uses
CMX2.5 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1986
Heating
NONE
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Frankford Heights Assocs LLC
Entity
Mailing address
369 E 62ND ST, NEW YORK, NY 10065-7705
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2006
$800,000
Frankford Heights Assocs LLC
Kramer,maxine
Grant Deed
$600,000 · Maxene Kramer
—
—
Frankford Hts Assocs LLC
—
Deed Of Trust
related
$500,000 · Flushing Bk
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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