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Property profile & analytics
OFF-MARKET
Estimated value
$8,205,000
Grocery and convenience stores
840 Cottman Ave 44 Philadelphia, PA 19111-3017
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2210301
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
57,653 SF
Lot
4.5 ac (196,020 SF)
Zoning code
CMX2
APN
88-2-5234-00
UPID
US73-2210301
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.11M
CAP Approach
CAP
$10.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.21M
Owner & transaction history
Mequity Cottman Avenue LLC · 4 yrs held
Mequity Cottman Avenue LLC
since 2021
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.5M
+36.3%
Neighborhood: shopping center
$10.7M
+8.2%
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
$8,115,000
ML approach
$8,105,000
CAP Approach
CAP Return
Estimation
6%
$11,260,000
6.5%
$10,395,000
7%
$9,650,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,885,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,470,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,695,000
Change: +8% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,095,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$8.21M
Range $7.38M – $9.03M · ±10% · vs last sale $8.30M (Sep 13 2021)
Last sale anchor
$8.30M
Sep 13 2021
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
$142 / 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
$144,601
Tax year 2023
Assessed value
$10,330,100
Assessed 2023
Previous assessed
$10,330,100
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$7,274,136
Assessed improvement
$3,055,964
Land market value
$7,274,136
Improvement market value
$3,055,964
Total market value
$10,330,100
Applied tax rate
35.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
57,653 SF
Lot
4.5 ac (196,020 SF)
Zoning code
CMX2
APN
88-2-5234-00
UPID
US73-2210301
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CMX2 · Philadelphia, PA
Zoning CMX2 · permitted uses
CMX2 · 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
RETAIL STORES Current
Est. value
$9.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$9.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
Mequity Cottman Avenue LLC
Entity
Mailing address
1729 MT VERNON RD, DUNWOODY, GA 30338-4207
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2021
$8,300,000
Mequity Cottman Avenue LLC
Olp Mcb Philly Cottman LP
Deed
$5,000,000 · Huntingdon Valley Bank
Oct 28, 2014
$7,729,522
Olp Mcb Philly Cottman LP
840 Cottman Associates LLC
Deed
$4,635,000 · Manufacturers & Traders Trust Co
Sep 24, 2014
—
A & P Real Property LLC
—
Loan Modification
related
$270,000,000 · Wells Fargo Bk
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$540,000,000 · Jp Morgan Chase Bk
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$890,000,000 · Us Bank NA
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$750,000,000 · J P Morgan Chase Bank
—
—
A & P Real Property LLC
—
Deed Of Trust
related
$1,100,000,000 · Us Bank NA
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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