Restaurant Property for
For Sale
$1,445,000
237 S 10th St, Philadelphia, PA 19107
Restaurant property offered for sale at 237 S 10th St in Philadelphia.
Property Size3,186 SF
Price / SF$453.55
Days on Market97
Property Features for 237 S 10th St
General Information
Standard status
Active
Size
3,186 SF
Zoning
CMX2
Taxes and HOA fees
Annual Taxes
$11,013
Amenities
Central Air
Forced Air, Natural Gas
On Street
Building Details
Building Size
3,186 SF
Year Built
1920
Listing Agency:
Canaan Realty Services INC
Listed By:
Qin Yang
(917) 856-9653
Source:
Evrealestate
Added: Jun 10
Changed: Sep 13
Last Checked: Sep 14 at 6:47AM
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 Canaan Realty Services INC
Investment Insights
Based on property information with market context.
This listing is for a restaurant property available for sale. The information provided does not include additional buildout details, dining layout, or operational specifications.
The property is located at 237 S 10th St in Philadelphia, Pennsylvania (GPS directions). Philadelphia is the stated county or parish.
No further property characteristics are included in the submission beyond the restaurant designation, sale transaction type, and listing details.
The property is located at 237 S 10th St in Philadelphia, Pennsylvania (GPS directions). Philadelphia is the stated county or parish.
No further property characteristics are included in the submission beyond the restaurant designation, sale transaction type, and listing details.
Key Highlights
- Restaurant property for sale at 237 S 10th St in Philadelphia
- Year built: 1920
- Central Air cooling and forced air heating with natural gas
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
$46,165
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
3.19%
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%
$923,300
$923.3K
Cap Rate 7%
$659,500
$659.5K
Cap Rate 9%
$512,944
$512.9K
Market Conditions
NOI Build-Up for 3,186 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
$66.9K $21.00/SF
− Vacancy
−$5.4K −$1.68/SF
EGI
$61.6K $19.32/SF
− OpEx
−$15.4K −$4.83/SF
NOI
$46.2K $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%
$923,300
Cap Rate 7%
$659,500
Cap Rate 9%
$512,944
Alternative Uses
Best Use
Specialty Retail
$659.5K
$577.1K – $769.4K
NOI $46,165 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$776.7K
$679.6K – $906.2K
NOI $54,369 @ 7.0% cap · market cap 3.76%
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
20,003
Businesses Nearby
68k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 55%
Dining 27%
Shops & Services 12%
Home Improvements & Furnishings 6%
Starbucks
Dining
16,511 visits/mo
0.3 miles
Four Points by Sheraton Philadelphia City Center Hotel
Hotels & Casinos
15,625 visits/mo
0.2 miles
Days Inn Philadelphia
Hotels & Casinos
7,783 visits/mo
0.2 miles
Best Western Plus Philadelphia Convention Center Hotel
Hotels & Casinos
7,284 visits/mo
0.3 miles
Sleep Inn
Hotels & Casinos
6,857 visits/mo
0.1 miles
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
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 237 S 10th St in Philadelphia.
Where is this conventional restaurant located?
The property is located at 237 S 10th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,445,000.
What are key features of this property?
This property features: Restaurant property for sale at 237 S 10th St in Philadelphia; Year built: 1920; Central Air cooling and forced air heating with natural gas
