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    Two-Level Bar and Restaurant Title is generated by Realmo AI

    7318 CASTOR Avenue, Philadelphia, PA 19152

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    New
    For Sale
    $900,000

    Commercial Sale - PHILADELPHIA, PA

    Type:Retail
    Property size:
    5,600 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $160/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 7318 CASTOR Avenue

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking features
    Parking Lot
    Standard status
    Active
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Annual Amount
    8611

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Number of units
    4
    Building materials
    Masonry

    We can help!

    Listing Contact
    Carlos Cesar
    Carlos Cesar

    Listing agent Carlos Cesar License #AB067071

    Listing office RE/MAX 2000 14500 Bustleton Avenue, Philadelphia, PA

    Listing date Jun 4, 2026

    MLS# PAPH2630396

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approximately 5,600 SF commercial space suited for a bar and restaurant business
    • Masonry construction with central heating and central air
    • Main level offers ample space for bar, dining, and other customer‑facing areas
    • Second floor includes professional space and is as big as the main level
    • Parking lot on‑site parking
    • Located on the Castor Ave Business corridor in the Rhawnhurst area of Northeast Philadelphia

    Overview

    For sale, real estate only: a two-level bar and restaurant property offering approximately 5,600 square feet of commercial space. The main level is set up for bar and dining operations with a spacious, flexible layout designed to accommodate different service concepts, including bar setups and dedicated customer areas. The property also includes professional space on the second floor, providing additional room for business-related functions.

    Located in the Castor Ave business corridor within the Rhawnhurst subdivision of Northeast Philadelphia, the building is configured to support more than one use through its multi-level design. The second level is as big as the main level and is currently occupied by another tenant or institution.

    This asset is best suited for an owner-operator or investor seeking a bar and restaurant building with a substantial main-floor footprint and an additional, similarly sized second-floor space under separate occupancy. Buyers should plan to coordinate diligence accordingly, noting that the second-floor area is occupied. The property next door at 7312-16 Castor Ave is also being offered for sale separately or as part of a package.
    Property Profile Location Intelligence

    Current Use by Public Records

    BelovedPhilly (Bike/Boat/Book/etc) Store Eka Dance Acadamy Training Center Kramer Ob/Gyn & Associates: ... Physician Kramer Joel R ... Physician Dimension Sports Bar Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Flames House The Ultimate Bar & Restaurant — 7930 bustleton ave, philadelphia, pa 19152
    • Flame House Grill — 7930 Bustleton Ave, Philadelphia, PA 19152
    • Rhawnhurst Cafe — 8002 Castor Ave, Philadelphia, PA 19152
    • Brandon Baul Bartie Profumeria — 8001 Bustleton Ave, Philadelphia, PA 19152
    • Pennypack Beer Distributors — 8120 Roosevelt Blvd, Philadelphia, PA 19152

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.0651093
    Latitude
    40.0527344

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    FAQs

    What type of property is this?
    Bar & Pub - For sale real estate with a large main level and a second-floor space occupied by another tenant or institution.
    Where is this bar & pub located?
    The property is located at 7318 CASTOR Avenue Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Approximately 5,600 SF commercial space suited for a bar and restaurant business; Masonry construction with central heating and central air; Main level offers ample space for bar, dining, and other customer‑facing areas
    (215) 698-3987
    We can help!
    Listing Contact
    Carlos Cesar
    Carlos Cesar
    Real Estate License ID: AB067071
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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.

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