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Property profile & analytics
OFF-MARKET
Estimated value
$8,000,000
Flex space
901 Lycoming St Philadelphia, PA 19124-5111
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2440035
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
51,095 SF
Lot
1.52 ac (66,298 SF)
Zoning code
I1
APN
88-4-1130-00
UPID
US73-2440035
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
-
Next Up Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.97M
CAP Approach
CAP
$5.77M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.00M
Owner & transaction history
Hmc Enterprises LLC · 4 yrs held
Hmc Enterprises LLC
since 2022
Last sale
$9.3M
5 recorded transactions
Zoning & alternative use
I1 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.0M
+167.3%
Medical building
$12.5M
+158.0%
Neighborhood: shopping center
$9.5M
+94.9%
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
$7,720,000
ML approach
$7,965,000
CAP Approach
CAP Return
Estimation
6%
$6,250,000
6.5%
$5,770,000
7%
$5,360,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,865,000
Current use
OFFICE BUILDING
$13,000,000
Change: +167% · Conversion: Difficult
MEDICAL BUILDING
$12,545,000
Change: +158% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,480,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$6,315,000
Change: +30% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,845,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,795,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$8.00M
Range $7.20M – $8.80M · ±10% · vs last sale $9.28M (May 16 2022)
Last sale anchor
$9.28M
May 16 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
$157 / 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
$17,166
Tax year 2023
Assessed value
$1,226,300
Assessed 2023
Previous assessed
$1,226,300
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$245,260
Assessed improvement
$981,040
Land market value
$245,260
Improvement market value
$981,040
Total market value
$1,226,300
Applied tax rate
33.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Total area
51,095 SF
Lot
1.52 ac (66,298 SF)
Zoning code
I1
APN
88-4-1130-00
UPID
US73-2440035
Jurisdiction
PHILADELPHIA
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Philadelphia, PA
Zoning I1 · permitted uses
I1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.9M
OFFICE BUILDING
Est. value
$13.0M
MEDICAL BUILDING
Est. value
$12.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.5M
RETAIL STORES
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Lot
1.52 ac
Current owner
From public records · entity-resolved
Hmc Enterprises LLC
Entity
Mailing address
1 ALLIED DR STE #1715, LITTLE ROCK, AR 72202-2069
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
—
Hmc Enterprises LLC
Tempus Philadelphia LLC
Lease
—
May 16, 2022
$9,275,000
Tempus Philadelphia LLC
Cmh Holdings LP
Deed
$6,028,750 · Relyance Bank NA
Nov 26, 2014
$600,000
Cmh Holdings LP
White Cross Sleep Products INC
Deed
$480,000 · Pnc Bank NA
—
—
White Cross Sleep Products INC
—
Deed Of Trust
related
$100,000 · Pnc Bank
—
—
White Cross Sleep Products INC
—
Deed Of Trust
related
$140,000 · Pnc 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.
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