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Property profile & analytics
OFF-MARKET
Estimated value
$534,215,000
Sports & entertainment properties
900 Packer Ave Philadelphia, PA 19148-5310
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1828949
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
159,630 SF
Lot
9.15 ac (398,574 SF)
Zoning code
SPENT
APN
88-2-9631-83
UPID
US73-1828949
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
-
Live! Casino & Hotel Philadelphia Hotel & Motel
-
Sports & Social Philly Bar & Pub
-
Genos Steaks @ Phila Live! Restaurant
-
Lorenzo And Sons Pizza Restaurant
-
Sang Kee Noodle Bar & Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$534.22M
Owner & transaction history
Glp Capital LP · 4 yrs held
Glp Capital LP
since 2022
Last sale
$550.6M
7 recorded transactions
Zoning & alternative use
SPENT · 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
$501,365,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$534.22M
Range $480.79M – $587.64M · ±10% · vs last sale $550.64M (Mar 30 2022)
Last sale anchor
$550.64M
Mar 30 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
$3,347 / 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
$559,920
Tax year 2023
Previous assessed
$96,620,749
Total market value
$401,800,000
Applied tax rate
39.0000
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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
10
Total area
159,630 SF
Lot
9.15 ac (398,574 SF)
Zoning code
SPENT
APN
88-2-9631-83
UPID
US73-1828949
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
SPENT · Philadelphia, PA
Zoning SPENT · permitted uses
SPENT · 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.
Building & site characteristics
From public records
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
10
Lot
9.15 ac
Current owner
From public records · entity-resolved
Glp Capital LP
Entity
Mailing address
845 BERKSHIRE BLVD #200, WYOMISSING, PA 19610-1234
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
$550,641,567
Glp Capital LP
Stadium Casino Re LLC
Deed
—
Mar 30, 2022
—
Stadium Casino Re LLC
Glp Capital LP
Lease
—
Mar 13, 2019
—
Stadium Casino Re LLC
—
Deed
related
$40,000,000 · Key Bank NA
Feb 1, 2018
$37,000,000
Stadium Casino Re LLC
Trent Motel Associates LP
Grant Deed
—
Apr 17, 2017
—
Trent Motel Associates LP
—
Deed
related
$14,150,000 · Stadium Casino LLC
Mar 10, 2005
—
Cellco Ptshp
Trent Motel Associates
Grant Deed
related
—
—
—
Trent Motel Associates
—
Loan Modification
related
$625,000 · Yardville Nat'l Bk
—
—
Trent Motel Associates LP
—
Deed Of Trust
related
$14,150,000 · Stadium Casino LLC
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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