Culinary School
New
For Sale
$2,800,000
1212-14 S BROAD ST, Philadelphia, PA 19146
Two-story educational facility with classrooms, commercial kitchen infrastructure, and flexible assembly space.
Property Size17,200 SF
Price / SF$162.79
Days on Market2
Property Features for 1212-14 S BROAD ST
General Information
Standard status
Active
Size
17,200 SF
Zoning
CMX2
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
2
Listing Agency:
Spectrum Realty
Listed By:
Anthony M DeFino
(215) 389-2222
Source:
Opal-realestate
Added: Sep 1
Last Checked: Sep 1 at 9:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Spectrum Realty
Investment Insights
Based on property information with market context.
This 17,200-square-foot, two-story building is currently configured as a culinary restaurant school. The first floor features an open plan with capacity for 300–350 people and a commercial kitchen. Educational and kitchen facilities occupy the second floor, including classrooms and a large rear lounge for students.
The property includes a rear entrance and extends from street to street. Located at 1212–14 S Broad St in Philadelphia, the building is within walking distance of Center City, Passyunk Square, the Italian Market area, supermarkets, shopping, and restaurants. Current zoning is CMX2.
The property includes a rear entrance and extends from street to street. Located at 1212–14 S Broad St in Philadelphia, the building is within walking distance of Center City, Passyunk Square, the Italian Market area, supermarkets, shopping, and restaurants. Current zoning is CMX2.
Key Highlights
- 17,200‑square‑foot two‑story building at 1212–14 S Broad St, Philadelphia, PA 19146
- Current culinary restaurant school configuration
- First‑floor open plan with capacity for 300–350 people
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$249,228
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,984,560
$5.0M
Cap Rate 7%
$3,560,400
$3.6M
Cap Rate 9%
$2,769,200
$2.8M
Market Conditions
NOI Build-Up for 17,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$361.2K $21.00/SF
− Vacancy
−$28.9K −$1.68/SF
EGI
$332.3K $19.32/SF
− OpEx
−$83.1K −$4.83/SF
NOI
$249.2K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,984,560
Cap Rate 7%
$3,560,400
Cap Rate 9%
$2,769,200
Alternative Uses
Best Use
Specialty Retail
$3.56M
$3.12M – $4.15M
NOI $249,228 @ 7.0% cap · market cap 8.90%
Second Best
Industrial
$1.80M
$1.58M – $2.10M
NOI $126,276 @ 7.0% cap · market cap 4.51%
Theoretical Best
Multifamily LT 5
$4.19M
$3.67M – $4.89M
NOI $293,516 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,035
Businesses Nearby
162k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 39%
Dining 14%
Home Improvements & Furnishings 2%
ACME Markets
Groceries
32,911 visits/mo
0.5 miles
Sprouts Farmers Market
Groceries
23,111 visits/mo
0.2 miles
Sunoco
Shops & Services
16,488 visits/mo
0.5 miles
Lukoil
Shops & Services
12,955 visits/mo
0.2 miles
Family Dollar
Shops & Services
9,909 visits/mo
0.2 miles
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - Two-story educational facility with classrooms, commercial kitchen infrastructure, and flexible assembly space.
Where is this school located?
The property is located at 1212-14 S BROAD ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 17,200‑square‑foot two‑story building at 1212–14 S Broad St, Philadelphia, PA 19146; Current culinary restaurant school configuration; First‑floor open plan with capacity for 300–350 people
