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Property profile & analytics
OFF-MARKET
Estimated value
$3,890,000
Warehouses
Essington Ave Ridley Park, PA 19078
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-2191553
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
41,041 SF
Lot
2.32 ac (101,020 SF)
APN
38-01-00090-00
UPID
US73-2191553
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
by Request
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$4.81M
Blend (final)
Blend
$3.89M
Owner & transaction history
Skipjack Realty Associates LP · 12 yrs held
Skipjack Realty Associates LP
since 2014
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+54.2%
Office building
$4.7M
+47.5%
Commercial (general)
$3.9M
+24.8%
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 Ridley Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ridley Park 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,190,000
6.5%
$2,945,000
7%
$2,735,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,160,000
Current use
AUTO REPAIR, GARAGE
$4,870,000
Change: +54% · Conversion: Easy
OFFICE BUILDING
$4,660,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,940,000
Change: +25% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,860,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$3.89M
Range $3.50M – $4.28M · ±10%
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
$95 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$126,204
Tax year 2024
Assessed value
$3,634,710
Assessed 2024
Previous assessed
$3,634,710
+0.0% YoY
Effective rate
3.47%
On assessed value
Assessed land
$578,280
Assessed improvement
$3,056,430
Total market value
$3,634,710
Applied tax rate
3,809.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
41,041 SF
Lot
2.32 ac (101,020 SF)
APN
38-01-00090-00
UPID
US73-2191553
Jurisdiction
DELAWARE
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1999
Heating
NONE
Stories
1
Lot
2.32 ac
Current owner
From public records · entity-resolved
Skipjack Realty Associates LP
Entity
Mailing address
200 INDUSTRIAL HWY, RIDLEY PARK, PA 19078-1100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2014
$3,030,000
Skipjack Realty Associates LP
M R Properties Associates LP
Deed
$2,839,300 · Wells Fargo Bank NA
Aug 26, 1999
—
M R Properties Associates LP
—
Deed Of Trust
related
$3,300,000 · Summit Bank
Aug 15, 1997
$273,750
M R Properties Associates LP
Eddystone Equipment & Rental
Grant Deed
—
—
—
M R Properties Associates LP
—
Deed Of Trust
related
$573,750 · Eddystone Equipment & Rental C
—
—
Mr Properties Associates LP
—
Deed Of Trust
related
$430,000 · John Robbins
—
—
M R Properties Associates LP
—
Deed Of Trust
related
$3,200,000 · Stancorp Mortgage Investors
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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