Restaurant Opportunity in Growth
For Sale
$2,011,765
481 Stanton Christiana Rd, Newark, DE 19713
Restaurant space for sale in a high-income, growing area.
Property Size4,600 SF
Price / SF$437.34
Days on Market156
Property Features for 481 Stanton Christiana Rd
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Restaurant
Lease Type
NNN
Amenities
GROWING RESTAURANT CONCEPT - CASA KAHLO | FREE STANDING MEXICAN GRILL & BAR
NEWLY EXECUTED 10 YEAR LEASE - "NNN" GROUND LEASE WITH 15% RENT INCREASES EVERY 5 YEARS
4,600 SQUARE FOOT RESTAURANT | FEATURING DRIVE-THRU & OUTDOOR DINING AREA
STRATEGICALLY SIGNALIZED LOCATION | STANTON CHRISTIANA RD (ROUTE 7)
Building Details
Building Size
4,600 SF
Listing Agency:
Philadelphia Office
Listed By:
Derrick Dougherty · License #License(s): PA: RS305854
(215) 531-7026
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 28
Last Checked: Sep 5 at 3:48AM
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 Philadelphia Office
Investment Insights
Based on property information with market context.
This 4,600-square-foot commercial real estate property is suitable for restaurant use. The surrounding area features favorable demographics for restaurants, with an average household income of $108,000 in the immediate submarket. The population within a 3 to 5-mile radius ranges from 66,000 to 209,000 people. The market is experiencing growth at a rate of 1.5% to 2%.
Key Highlights
- Ideal restaurant demographics.
- Growth market (1.5‑2%).
- Average household income of $108K in the immediate submarket.
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
$59,057
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
2.94%
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%
$1,181,140
$1.2M
Cap Rate 7%
$843,671
$843.7K
Cap Rate 9%
$656,189
$656.2K
Market Conditions
NOI Build-Up for 4,600 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
$82.8K $18.00/SF
− Vacancy
−$4.1K −$0.88/SF
EGI
$78.7K $17.12/SF
− OpEx
−$19.7K −$4.28/SF
NOI
$59.1K $12.84/SF
Area
New Castle County, DE
Vacancy
4.90%
Lease Rate
$18.00 /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%
$1,181,140
Cap Rate 7%
$843,671
Cap Rate 9%
$656,189
Alternative Uses
Best Use
Specialty Retail
$843.7K
$738.2K – $984.3K
NOI $59,057 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$962.7K – $1.28M
NOI $77,019 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,259
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Buffalo Wild Wings
Dining
24,042 visits/mo
0.1 miles
Demographics for 19713, DE
31,867
Population
12,803
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
90%
High-School Grad
13.0 sq mi
ZIP Area
2,451
Density / Sq Mi
$72,850
Median Household Income
$42,557
Median Earnings
$1,293
Median Rent
$267,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant space for sale in a high-income, growing area.
Where is this restaurant located?
The property is located at 481 Stanton Christiana Rd Newark, DE.
What is the asking price?
The asking price for this property is $2,011,765.
What are key features of this property?
This property features: Ideal restaurant demographics.; Growth market (1.5‑2%).; Average household income of $108K in the immediate submarket.
