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    9218 Frankford Ave Philadelphia, PA 19114-2824
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    Property profile & analytics

    9218 Frankford Ave Philadelphia, PA 19114-2824

    View on Map
    • Retail space
    • 2,751 SF
    • 0.42 lot acres
    Off-Market
    Property ID
    US73-2379809
    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.
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    9.7%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • ICGC PHILADELPHIA TEMPLE PA / Church / Mosque
    • Citizens Bank ATM / Atm

    Property Details for 9218 Frankford Ave

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.42 lot acres
    Property size
    2,751 SF
    Zone code
    CA1
    Property type
    Retail space
    APN
    88-2-7583-00
    APU
    882758300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $520,000
      6.5%
      $480,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $550,000
      Market price range: $101k - $550k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $470,000
      Current use
      OFFICE BUILDING
      $700,000
      Change: +48% Conversion: Easy
      MEDICAL BUILDING
      $675,000
      Change: +43% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $510,000
      Change: +8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $435,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.0041
    Latitude
    40.0557
    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
    $17,330
    $866,565
    $371,435
    $1,238,000
    -
    $866,565
    $371,435
    $1,238,000

    Comparable in this City

    • Value Estimation by Request
      1,084 SF

      3217 Willits Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,084 SF
      3217 Willits Rd, Philadelphia, PA 19114-3800
      View Details
    • Value Estimation
      $20,400,000
      141,985 SF

      9745th Roosevelt Blvd

      RETAIL STORES (PERSONAL SERVICES) • 141,985 SF
      9745th Roosevelt Blvd, Philadelphia, PA 19114-1010
      View Details
    • Value Estimation
      $2,310,000
      14,989 SF

      3331 Grant Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,989 SF
      3331 Grant Ave, Philadelphia, PA 19114-2629
      View Details
    • Value Estimation
      $2,265,000
      10,416 SF

      2503 Welsh Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,416 SF
      2503 Welsh Rd, Philadelphia, PA 19114-3238
      View Details
    • Value Estimation
      $1,505,000
      8,500 SF

      2425 Welsh Rd, Unit 33

      RETAIL STORES (PERSONAL SERVICES) • 8,500 SF
      2425 Welsh Rd, Philadelphia, PA 19114-2219
      View Details
    • Value Estimation by Request
      1,717 SF

      4015 Linden Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,717 SF
      4015 Linden Ave, Philadelphia, PA 19114-3951
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,560 SF

      Retail Building at Frankford & Knights

      2,560 SF retail building in Northeast Philadelphia for sale.
      9901 Frankford Ave, Philadelphia, PA 19114
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    • Contact for pricing

      Retail Space in Philadelphia Center

      Retail spaces available in strategically located Philadelphia shopping center.
      2417 Welsh Rd, Philadelphia, PA 19114
      View Details
    • Contact for pricing

      Former Retail Opportunity on Frankford

      Former retail property on high-traffic Frankford Avenue.
      9212 Frankford Ave, Philadelphia, PA 19114
      View Details
    • $299,900
      0.14 Acres

      East Torresdale Corner Lot Opportunity

      Large corner lot with building in prime Philadelphia location.
      4999 Linden Ave, Philadelphia, PA 19114
      View Details
    • $2,750,000
      0.79 Acres

      Retail Property in Philadelphia

      Retail property available for sale in Philadelphia, Pennsylvania.
      2503-5 Welsh Rd, Philadelphia, PA 19114
      View Details
    • $299,900

      East Torresdale Corner Lot Building

      Large corner lot with building in prime location for sale.
      4999 Linden Ave, Philadelphia, PA 19114
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,375 SF

      Retail Space on Roosevelt Blvd

      Prime retail location with high traffic and excellent visibility.
      9475 Roosevelt Blvd, Philadelphia, PA 19114
      View Details
    • Contact for pricing
      32,033 SF

      Retail Space Near Otherworld

      Retail space available in shopping center near Otherworld.
      2500 Grant Ave, Philadelphia, PA 19114
      View Details
    • Contact for pricing
      2,698 SF

      Prime Retail Space in Philadelphia

      Retail space in a high-traffic Philadelphia location.
      9100 Blue Grass Rd, Philadelphia, PA 19114
      View Details
    • Contact for pricing
      745 SF

      Retail Space in Academy Plaza

      Retail space available within a busy Philadelphia shopping center.
      3294 Red Lion Rd, Philadelphia, PA 19114
      View Details
    • Contact for pricing

      Philadelphia Retail Space For Lease

      Retail space available in a high-traffic Philadelphia shopping center.
      9910 Frankford Ave, Philadelphia, PA 19114
      View Details
    • $24,860

      Warehouse/Showroom in Bustling Shopping Center

      Versatile warehouse/showroom space in a high-traffic Philadelphia shopping center.
      9490 Blue Grass Rd, Philadelphia, PA 19114
      View Details

    Property Visit Statistics

    • Visits by month
      20.5k
    • Visitors by month
      12.6k
    • Avg Time on site
      17 min
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    Philadelphia, PA 19114-2824
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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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