Conventional Restaurant for
For Sale
$448,000
152 W Girard Ave, Philadelphia, PA 19123
For sale conventional restaurant property, offering an established restaurant use in Philadelphia’s commercial corridor.
Property Size1,500 SF
Price / SF$298.67
Days on Market105
Property Features for 152 W Girard Ave
General Information
Standard status
Active
Size
1,500 SF
Zoning
CMX3
Taxes and HOA fees
Annual Taxes
$3,038
Amenities
Ceiling Fan(s), Window Unit(s)
Baseboard, Electric
Electric Water Heater
On Street
Building Details
Building Size
1,500 SF
Year Built
1950
Stories
3
Listed By:
Alex Peev
(267) 968-3181
Source:
Evrealestate
Added: May 23
Changed: Aug 27
Last Checked: Sep 4 at 4:26AM
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 Alex Peev
Investment Insights
Based on property information with market context.
This conventional restaurant property is offered for sale as a dedicated restaurant asset within the commercial real estate category. The listing reflects a total property size of 1,500 square feet. Prospective buyers should evaluate the specific interior layout and condition during due diligence, since no additional building details are provided in the information available.
The property is located at 152 W Girard Ave in Philadelphia, Pennsylvania 19123, within Philadelphia County. The listing directions note that access can be taken via Girard Ave to 152 W Girard ave, tying the asset directly to the Girard Ave corridor.
As an owner-operated or investor-directed restaurant purchase, this site may fit users looking for a location already positioned for restaurant activity rather than a space requiring a complete change in use. The seller has categorized the asset specifically under conventional restaurants and restaurants, which can be a practical starting point for operators. Buyers and brokers should confirm permitting, current configuration, and any operational requirements during their review of property documents and inspections, including verifying how the 1,500-square-foot footprint supports the intended service concept.
The property is located at 152 W Girard Ave in Philadelphia, Pennsylvania 19123, within Philadelphia County. The listing directions note that access can be taken via Girard Ave to 152 W Girard ave, tying the asset directly to the Girard Ave corridor.
As an owner-operated or investor-directed restaurant purchase, this site may fit users looking for a location already positioned for restaurant activity rather than a space requiring a complete change in use. The seller has categorized the asset specifically under conventional restaurants and restaurants, which can be a practical starting point for operators. Buyers and brokers should confirm permitting, current configuration, and any operational requirements during their review of property documents and inspections, including verifying how the 1,500-square-foot footprint supports the intended service concept.
Key Highlights
- Heating: baseboard electric heat
- Cooling: ceiling fans and window unit(s)
- Electric water heater
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
$21,735
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
4.85%
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%
$434,700
$434.7K
Cap Rate 7%
$310,500
$310.5K
Cap Rate 9%
$241,500
$241.5K
Market Conditions
NOI Build-Up for 1,500 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
$31.5K $21.00/SF
− Vacancy
−$2.5K −$1.68/SF
EGI
$29.0K $19.32/SF
− OpEx
−$7.2K −$4.83/SF
NOI
$21.7K $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%
$434,700
Cap Rate 7%
$310,500
Cap Rate 9%
$241,500
Alternative Uses
Best Use
Specialty Retail
$310.5K
$271.7K – $362.3K
NOI $21,735 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$365.7K
$320.0K – $426.6K
NOI $25,597 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
64k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 26%
Groceries 11%
Electronics 6%
McDonald's
Dining
23,463 visits/mo
0.1 miles
Fine Wine & Good Spirits
Groceries
6,966 visits/mo
0.1 miles
Wells Fargo
Shops & Services
5,966 visits/mo
0.2 miles
Jeni's Splendid Ice Creams
Dining
5,149 visits/mo
0.1 miles
The UPS Store
Shops & Services
4,184 visits/mo
0.2 miles
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
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?
Conventional restaurant - For sale conventional restaurant property, offering an established restaurant use in Philadelphia’s commercial corridor.
Where is this conventional restaurant located?
The property is located at 152 W Girard Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $448,000.
What are key features of this property?
This property features: Heating: baseboard electric heat; Cooling: ceiling fans and window unit(s); Electric water heater
