Equipped Restaurant
For Sale
$40,000
2327 COTTMAN AVENUE #K3, Philadelphia, PA 19149
Operating food-service kiosk in a shopping center with an installed commercial kitchen.
Property Size144 SF
Price / SF$277.78
Days on Market11
Property Features for 2327 COTTMAN AVENUE #K3
General Information
Standard status
Active
Size
144 SF
Property subtype
Business
Additional Details
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1960
Listing Agency:
Century 21 Veterans-Newtown
(215) 869-9900
Listed By:
Ashley Butts · License #356824
(215) 869-9900
Source:
Cummingsrealtors
Added: Aug 1
Changed: Aug 11
Last Checked: Aug 11 at 5:42AM
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 Century 21 Veterans-Newtown
Investment Insights
Based on property information with market context.
This 144-square-foot restaurant kiosk is located within Roosevelt Mall and includes an installed kitchen for food-service operations. The business is open and generating income, with the sale limited to the operating business and equipment; real estate is not included.
The kiosk operates from 2327 Cottman Avenue, Suite K3, in Philadelphia. The seller will provide training and transition assistance to the new owner. The underlying real estate carries a monthly rent and CAM structure, with the stated charges applicable to the leased premises.
The kiosk operates from 2327 Cottman Avenue, Suite K3, in Philadelphia. The seller will provide training and transition assistance to the new owner. The underlying real estate carries a monthly rent and CAM structure, with the stated charges applicable to the leased premises.
Key Highlights
- 144‑square‑foot restaurant kiosk in Roosevelt Mall
- Installed kitchen equipment included with the business
- Currently open and income‑producing
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
$2,087
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
5.22%
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%
$41,740
$41.7K
Cap Rate 7%
$29,814
$29.8K
Cap Rate 9%
$23,189
$23.2K
Market Conditions
NOI Build-Up for 144 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
$3.0K $21.00/SF
− Vacancy
−$242 −$1.68/SF
EGI
$2.8K $19.32/SF
− OpEx
−$696 −$4.83/SF
NOI
$2.1K $14.49/SF
Area
ZIP 19149
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%
$41,740
Cap Rate 7%
$29,814
Cap Rate 9%
$23,189
Alternative Uses
Best Use
Specialty Retail
$29.8K
$26.1K – $34.8K
NOI $2,087 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Apartment 5plus
$275.7K
$241.3K – $321.7K
NOI $19,300 @ 7.0% cap · market cap 48.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,429
Businesses Nearby
780k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Apparel 25%
Shops & Services 21%
Superstores 16%
Target
Superstores
122,938 visits/mo
0.4 miles
Macy's
Apparel
94,896 visits/mo
0.0 miles
ACME Markets
Groceries
51,213 visits/mo
0.4 miles
Wawa
Shops & Services
50,568 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
35,463 visits/mo
0.1 miles
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating food-service kiosk in a shopping center with an installed commercial kitchen.
Where is this conventional restaurant located?
The property is located at 2327 COTTMAN AVENUE #K3 Philadelphia, PA.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: 144‑square‑foot restaurant kiosk in Roosevelt Mall; Installed kitchen equipment included with the business; Currently open and income‑producing
