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    Multi-Level Bar and Restaurant Title is generated by Realmo AI

    7312-16 CASTOR Avenue, Philadelphia, PA 19152

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    New
    For Sale
    $1,700,000

    Commercial Sale - PHILADELPHIA, PA

    Type:Retail
    Property size:
    10,672 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $159/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 7312-16 CASTOR Avenue

    General Information

    Property type
    Other
    Property subtype
    Retail
    Parking
    20
    Parking features
    Parking Lot
    Standard status
    Active
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    16542

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Number of units
    2
    Building materials
    Masonry

    We can help!

    Listing Contact
    Carlos Cesar
    Carlos Cesar

    Listing agent Carlos Cesar License #AB067071

    Listing office RE/MAX 2000 14500 Bustleton Avenue, Philadelphia, PA

    Listing date Jun 4, 2026

    MLS# PAPH2630316

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial property with approximately 10,672 SF of space on the main level for bar and restaurant use
    • Includes additional professional space on the second floor for administration, private events, or other business functions
    • Masonry construction with forced‑air heating and central air
    • Parking lot on‑site
    • Year built: 1950
    • Adjacent property at 7318 Castor Ave also listed as available for sale separately or as a package

    Overview

    This property is offered as real estate only and operates as a multi-level bar and restaurant. The main level provides approximately 10,672 square feet of commercial space designed for bar and restaurant use, with ample room to support dining areas, bar operations, and entertainment-style setups. The building also includes professional spaces on the second floor, which can be used for administrative functions, private events, or other business-related purposes.

    Located along the Castor Ave business corridor within the Rhawnhurst area of Northeast Philadelphia, the property sits on a lot of approximately 0.0888 acres. The listing also notes that a property next door at 7318 Castor Ave is being marketed for sale separately or as a package.

    The layout supports operators who want a dedicated public-facing floor for bar and restaurant activities, paired with an upper level that can serve back-of-house or event use. This offering is suited for buyers looking for an established hospitality footprint with room to customize interior programming across two levels, consistent with the bar, restaurant, and second-floor professional space described in the listing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sergio’s Restaurant and Burger - Philadelphia — 6905 Castor Ave, Philadelphia, PA 19149
    • Montana Grill Restaurant — 1502 Unruh Ave, Philadelphia, PA 19111
    • Cantinho da Dany — 1424 Unruh Ave, Philadelphia, PA 19111
    • Buteco do Renato — 7108 Kindred St, Philadelphia, PA 19149
    • New Color. BAR — 6734 Castor Ave, Philadelphia, PA 19149

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.0652161
    Latitude
    40.0526199

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    FAQs

    What type of property is this?
    Bar & Pub - For sale bar and restaurant with main-level dining and bar space plus professional second-floor rooms.
    Where is this bar & pub located?
    The property is located at 7312-16 CASTOR Avenue 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: Commercial property with approximately 10,672 SF of space on the main level for bar and restaurant use; Includes additional professional space on the second floor for administration, private events, or other business functions; Masonry construction with forced‑air heating and central air
    (215) 698-3987
    We can help!
    Listing Contact
    Carlos Cesar
    Carlos Cesar
    Real Estate License ID: AB067071
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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