Multi-Story Restaurant and
For Sale
$1,700,000
7312-16 Castor Avenue Philadelphia, Philadelphia, PA 19152
Restaurant and bar space with a second-floor area for operations or private events in a Northeast Philadelphia business corridor.
Property Size10,672 SF
Price / SF$159.30
Days on Market60
Property Features for 7312-16 Castor Avenue Philadelphia
General Information
Standard status
Active
Size
10,672 SF
Total Parking Spaces
20
Zoning
CMX2
Taxes and HOA fees
Annual Taxes
$16,542
Amenities
Natural Gas
Yes
3
Public
IB0
75.00 x 115.00
0.09
No
Estimated
Parking Lot
20
10672.00
236357.00
Building Details
Year Built
1950
Listing Agency:
RE/MAX 2000
(866) 825-7169
Listed By:
Natacha Minor, MBA · License #AB067071
(866) 825-7169
Source:
Va.exprealty
Added: Jul 1
Changed: Aug 28
Last Checked: Aug 28 at 7:21AM
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 RE/MAX 2000
Investment Insights
Based on property information with market context.
This sale includes a multi-level bar and restaurant property offering approximately 10,672 square feet of commercial space on the main level. The main floor provides a spacious, open platform for designing dining, bar, and entertainment-oriented layouts tailored to a tenant’s operating style. A second-floor level adds professional space that can support administrative functions, private gatherings, or other business-related use.
The property is positioned along the Castor Ave business corridor in the Rhawnhurst section of Northeast Philadelphia. The offering is for the real estate only, and the owner requests that prospective buyers do not approach the tenant or staff with questions about the sale.
For restaurant operators or buyers seeking an established food-and-beverage setting with room to configure guest and service areas, the combination of a substantial main level and dedicated second-floor space provides flexibility for day-to-day operations and additional private programming. The property’s long-standing role in the local community supports an easy transition for an incoming operator focused on maintaining and modernizing the concept.
The property is positioned along the Castor Ave business corridor in the Rhawnhurst section of Northeast Philadelphia. The offering is for the real estate only, and the owner requests that prospective buyers do not approach the tenant or staff with questions about the sale.
For restaurant operators or buyers seeking an established food-and-beverage setting with room to configure guest and service areas, the combination of a substantial main level and dedicated second-floor space provides flexibility for day-to-day operations and additional private programming. The property’s long-standing role in the local community supports an easy transition for an incoming operator focused on maintaining and modernizing the concept.
Key Highlights
- Approximately 10,672 SF of commercial space on the main level for a bar and restaurant setup
- Second‑floor professional space available for administrative use, private events, or other business functions
- 3‑story building with central air and natural gas heating
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
$154,637
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
9.10%
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%
$3,092,740
$3.1M
Cap Rate 7%
$2,209,100
$2.2M
Cap Rate 9%
$1,718,189
$1.7M
Market Conditions
NOI Build-Up for 10,672 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
$224.1K $21.00/SF
− Vacancy
−$17.9K −$1.68/SF
EGI
$206.2K $19.32/SF
− OpEx
−$51.5K −$4.83/SF
NOI
$154.6K $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%
$3,092,740
Cap Rate 7%
$2,209,100
Cap Rate 9%
$1,718,189
Alternative Uses
Best Use
Specialty Retail
$2.21M
$1.93M – $2.58M
NOI $154,637 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.60M
$2.28M – $3.04M
NOI $182,117 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
487k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Dining 27%
Superstores 25%
Groceries 11%
Target
Superstores
122,938 visits/mo
0.3 miles
ACME Markets
Groceries
51,213 visits/mo
0.2 miles
Wendy's
Dining
33,739 visits/mo
0.4 miles
Dollar Tree
Shops & Services
31,913 visits/mo
0.2 miles
Wawa
Shops & Services
23,947 visits/mo
0.5 miles
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
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
- Montana Grill Restaurant — 1502 Unruh Ave, Philadelphia, PA 19111
- Cantinho da Dany — 1424 Unruh Ave, Philadelphia, PA 19111
- New Color. BAR — 6734 Castor Ave, Philadelphia, PA 19149
- Sergio’s Restaurant and Burger - Philadelphia — 6905 Castor Ave, Philadelphia, PA 19149
- Buteco do Renato — 7108 Kindred St, Philadelphia, PA 19149
Frequently Asked Questions
What type of property is this?
Bar & Pub - Restaurant and bar space with a second-floor area for operations or private events in a Northeast Philadelphia business corridor.
Where is this bar & pub located?
The property is located at 7312-16 Castor Avenue Philadelphia Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 10,672 SF of commercial space on the main level for a bar and restaurant setup; Second‑floor professional space available for administrative use, private events, or other business functions; 3‑story building with central air and natural gas heating
