Restaurant Space for
For Sale
$550,000
43 SNYDER AVENUE SPACE # 12, Philadelphia, PA 19148
Restaurant suite available for sale as Space #12 at 43 Snyder Avenue.
Property Size2,885 SF
Price / SF$190.64
Days on Market97
Property Features for 43 SNYDER AVENUE SPACE # 12
General Information
Standard status
Active
Size
2,885 SF
Property subtype
Business
Building Details
Year Built
1999
Listing Agency:
Century 21 Advantage Gold-South Philadelphia
(215) 465-1400
Listed By:
Frank J Jacovini · License #0896695
(215) 519-0899
Source:
Cummingsrealtors
Added: Jun 10
Changed: Sep 13
Last Checked: Sep 13 at 10:13AM
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 Advantage Gold-South Philadelphia
Investment Insights
Based on property information with market context.
This listing offers restaurant space for sale in Space #12 at 43 Snyder Avenue. The property is identified in the available materials as suitable for restaurant and bar use, based on the stated property types.
Access directions provided note travel “any street to Snyder then to Front St.”
The listing is for sale and includes the stated address in Philadelphia, PA 19148.
Access directions provided note travel “any street to Snyder then to Front St.”
The listing is for sale and includes the stated address in Philadelphia, PA 19148.
Key Highlights
- Restaurant suite for sale as Space #12 at 43 Snyder Avenue
- Built in 1999
- Heating: natural gas forced air
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
$41,804
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
7.60%
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%
$836,080
$836.1K
Cap Rate 7%
$597,200
$597.2K
Cap Rate 9%
$464,489
$464.5K
Market Conditions
NOI Build-Up for 2,885 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
$60.6K $21.00/SF
− Vacancy
−$4.8K −$1.68/SF
EGI
$55.7K $19.32/SF
− OpEx
−$13.9K −$4.83/SF
NOI
$41.8K $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%
$836,080
Cap Rate 7%
$597,200
Cap Rate 9%
$464,489
Alternative Uses
Best Use
Specialty Retail
$597.2K
$522.6K – $696.7K
NOI $41,804 @ 7.0% cap · market cap 7.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$703.3K
$615.4K – $820.5K
NOI $49,232 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
858k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 30%
Home Improvements & Furnishings 21%
Dining 20%
Shops & Services 18%
Walmart
Superstores
152,363 visits/mo
0.4 miles
Target
Superstores
105,271 visits/mo
0.2 miles
IKEA
Home Improvements & Furnishings
70,863 visits/mo
0.3 miles
Chick-fil-A
Dining
57,498 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
49,459 visits/mo
0.3 miles
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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.
Similar Off Market Nearby
- Bell Beverage — 2809 S Front St, Philadelphia, PA 19148
- Cheerleaders Philadelphia — 2740 S Front St, Philadelphia, PA 19148
- Toll Man Joe's — 26 e oregon ave, philadelphia, pa 19148
- Nickels Tavern — 2655 S 2nd St, Philadelphia, PA 19148
- Southside Bar and Grill — 2500 S 3rd St, Philadelphia, PA 19148
Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant suite available for sale as Space #12 at 43 Snyder Avenue.
Where is this bar & pub located?
The property is located at 43 SNYDER AVENUE SPACE # 12 Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Restaurant suite for sale as Space #12 at 43 Snyder Avenue; Built in 1999; Heating: natural gas forced air
