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

    8914 Frankford Ave Philadelphia, PA 19136

    • Strip malls
    • 73,356 SF
    • 6.06 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1255821
    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

    • Wells Fargo ATM / Atm
    • Shelly's Plaza / Shopping Center & Mall
    • Eli Carpet & Upholstery Cleaning / Carpet Cleaning Service
    • Popeyes Louisiana Kitchen / Restaurant
    • Domino's Pizza / Take-out & Catering

    Property Details for 8914 Frankford Ave

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.06 lot acres
    Property size
    73,356 SF
    Zone code
    CA2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    88-2-0997-00
    APU
    882099700

    Description

    Shelly Plaza Shopping Center, located at 8914 Frankford Ave, Philadelphia, PA 19136, presents a compelling retail investment opportunity. This Class A shopping center, built in 2001 and renovated in 2017, boasts 69,510 square feet across four single-story buildings. The property features 368 parking spaces and is situated in the Northeast Philadelphia submarket, specifically the I-95 Corridor, ensuring high visibility and accessibility. Currently, there are 2,727 square feet of vacant space available, divisible into units as small as 1,108 square feet, with a maximum contiguous space of 1,619 square feet. The center comprises nine total suites and is zoned CA-2. Strong anchor tenants, including PJP Marketplace, Popeyes, and AT&T, draw significant foot traffic, creating a vibrant and successful retail environment. The property's prime location along Frankford Avenue, with easy access to I-95, provides excellent exposure to a large customer base within the surrounding residential and commercial areas. This presents a unique chance to capitalize on the established success of this well-maintained shopping center in a high-traffic location. The property offers a blend of established tenants and available space, making it an ideal investment for both expansion and new business ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $11,570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.01
    Latitude
    40.052
    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
    $142,885
    $7,145,241
    $3,062,259
    $10,207,500
    -
    $7,145,241
    $3,062,259
    $10,207,500

    Comparable in this City

    • Value Estimation
      $5,305,000
      35,595 SF

      7300 Frankford Ave

      SHOPPING CENTER, STRIP CENTER • 35,595 SF
      7300 Frankford Ave, Philadelphia, PA 19136-4305
      View Details
    • Value Estimation
      $1,220,000
      10,500 SF

      8230 Frankford Ave, Unit 38

      SHOPPING CENTER, STRIP CENTER • 10,500 SF
      8230 Frankford Ave, Philadelphia, PA 19136-2360
      View Details
    • Value Estimation
      $2,045,000
      13,000 SF

      8729 Frankford Ave, Unit 49

      SHOPPING CENTER, STRIP CENTER • 13,000 SF
      8729 Frankford Ave, Philadelphia, PA 19136-2126
      View Details
    • Value Estimation
      $8,735,000
      42,379 SF

      8445 Frankford Ave

      SHOPPING CENTER, STRIP CENTER • 42,379 SF
      8445 Frankford Ave, Philadelphia, PA 19136-2400
      View Details
    • Value Estimation
      $2,000,000
      19,211 SF

      7302 Frankford Ave, Unit 14

      SHOPPING CENTER, STRIP CENTER • 19,211 SF
      7302 Frankford Ave, Philadelphia, PA 19136-3827
      View Details
    • Value Estimation
      $525,000
      4,058 SF

      8900-10 Frankford Ave

      SHOPPING CENTER, STRIP CENTER • 4,058 SF
      8900-10 Frankford Ave, Philadelphia, PA 19136
      View Details

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      Classic Diner For Sale

      Classic 24/7 diner with retro atmosphere, Philadelphia's favorite since 1932.
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    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space For Lease

      82,345 SF retail space available, near I-95.
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      View Details
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      Frankford Avenue Commercial Space

      Over 6,000 sq ft commercial space on Frankford Avenue.
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      View Details
    • $15 SF/Yr
      69,510 SF

      Shelly Plaza Shopping Center

      Philadelphia Retail Investment Opportunity
      8914 Frankford Ave, Philadelphia, PA 19136
      View Details
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      Mayfair Fitness Investment Opportunity

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      30-Acre Philadelphia Industrial Land

      Prime Philadelphia industrial land for lease.
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      Industrial space for lease in Philadelphia's Tacony neighborhood.
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      View Details
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    Philadelphia, PA 19136
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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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