Restaurant Property For
For Sale
$424,900
152 W GIRARD AVENUE, Philadelphia, PA 19123
Restaurant property offered for sale at 152 W Girard Avenue in Philadelphia.
Property Size1,500 SF
Days on Market104
Property Features for 152 W GIRARD AVENUE
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), Electric
Electric, Baseboard
Electric Water Heater
On Street
Building Details
Building Size
1,500 SF
Year Built
1950
Stories
3
Listing Agency:
American Vista Real Estate
Listed By:
Aleksandar Peev · License #RS250391
(267) 968-3181
Source:
Evrealestate
Added: Jun 3
Changed: Sep 12
Last Checked: Sep 14 at 5:44AM
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 American Vista Real Estate
Investment Insights
Based on property information with market context.
This restaurant property is offered for sale and located at 152 W Girard Avenue in Philadelphia, Pennsylvania.
The property is described in the public remarks as being down the street from the corner of Frankford Avenue and Girard Avenue. The county or parish is listed as Philadelphia.
Additional details on the building layout, condition, size, or specific restaurant features are not provided in the information available. Interested parties should confirm all operational and physical characteristics directly with the listing broker and review any offering materials.
The property is described in the public remarks as being down the street from the corner of Frankford Avenue and Girard Avenue. The county or parish is listed as Philadelphia.
Additional details on the building layout, condition, size, or specific restaurant features are not provided in the information available. Interested parties should confirm all operational and physical characteristics directly with the listing broker and review any offering materials.
Key Highlights
- Restaurant property for sale at 152 W Girard Avenue, Philadelphia
- On‑street parking
- Electric heating with baseboard units
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
5.12%
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 5.12%
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 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Restaurant property offered for sale at 152 W Girard Avenue in Philadelphia.
Where is this conventional restaurant located?
The property is located at 152 W GIRARD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Restaurant property for sale at 152 W Girard Avenue, Philadelphia; On‑street parking; Electric heating with baseboard units
