Turnkey Bar with Additional
For Sale
$600,000
4638-40 Kraydor St, Philadelphia, PA 19136
Two-parcel property sold AS-IS with a fully operational bar setup and additional seating for service.
Property Size1,174 SF
Price / SF$511.07
Days on Market202
Property Features for 4638-40 Kraydor St
General Information
Standard status
Active
Size
1,174 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$2,478
Amenities
Central Air
3
RSA5
Parking.
Public, On Street.
Other.
Building Details
Year Built
1955
Listing Agency:
Homestarr Realty
(215) 355-5565
Listed By:
Ledion Zurbo
(267) 515-9401
Source:
Xome
Added: Feb 19
Changed: Sep 1
Last Checked: Sep 9 at 5:56AM
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 Homestarr Realty
Investment Insights
Based on property information with market context.
This for-sale, turnkey property includes two parcels (4638–4640 Kraydor Street) offered in AS-IS condition. The space is set up with a fully operational bar and includes additional seating to support on-site service.
The property is located at 4638–4640 Kraydor Street in Philadelphia, Pennsylvania.
Due diligence is the buyer’s responsibility, including zoning and taxes.
The property is located at 4638–4640 Kraydor Street in Philadelphia, Pennsylvania.
Due diligence is the buyer’s responsibility, including zoning and taxes.
Key Highlights
- Two‑parcel property at 4638–4640 Kraydor sold AS‑IS
- Fully operational bar setup with additional seating for service
- Zoned RSA5
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
$17,011
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
2.84%
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%
$340,220
$340.2K
Cap Rate 7%
$243,014
$243.0K
Cap Rate 9%
$189,011
$189.0K
Market Conditions
NOI Build-Up for 1,174 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
$24.7K $21.00/SF
− Vacancy
−$2.0K −$1.68/SF
EGI
$22.7K $19.32/SF
− OpEx
−$5.7K −$4.83/SF
NOI
$17.0K $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%
$340,220
Cap Rate 7%
$243,014
Cap Rate 9%
$189,011
Alternative Uses
Best Use
Specialty Retail
$243.0K
$212.6K – $283.5K
NOI $17,011 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$286.2K
$250.4K – $333.9K
NOI $20,034 @ 7.0% cap · market cap 3.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
15k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Home Improvements & Furnishings 5%
Dollar General
Shops & Services
7,404 visits/mo
0.5 miles
Dollar General
Shops & Services
4,553 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
2,105 visits/mo
0.5 miles
Ferguson
Home Improvements & Furnishings
689 visits/mo
0.5 miles
Demographics for 19136, PA
39,151
Population
13,841
Households
2.8
Avg Household Size
36
Median Age
24%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,156
Density / Sq Mi
$65,499
Median Household Income
$40,495
Median Earnings
$1,200
Median Rent
$215,000
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
- City Distilling — 7600 State Rd. suite f, Philadelphia, PA 19136
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- Tacony Beer Distributing Co — 7829 Torresdale Ave, Philadelphia, PA 19136
- Taproom — 7701 Walker St, Philadelphia, PA 19136
Frequently Asked Questions
What type of property is this?
Bar & Pub - Two-parcel property sold AS-IS with a fully operational bar setup and additional seating for service.
Where is this bar & pub located?
The property is located at 4638-40 Kraydor St Philadelphia, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑parcel property at 4638–4640 Kraydor sold AS‑IS; Fully operational bar setup with additional seating for service; Zoned RSA5
