Laundry Facility with Equipment
For Sale
$399,900
7355 Limekiln Pike, Philadelphia, PA 19138
Operating laundry facility offered with 23 washers and 28 dryers, plus central air/heat and two bathrooms.
Property Size1,540 SF
Price / SF$259.68
Days on Market69
Property Features for 7355 Limekiln Pike
General Information
Standard status
Active
Size
1,540 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1930
Listing Agency:
Triamond Realty
Listed By:
Suqing Fan · License #RS304225
(267) 243-1892
Source:
Kandorre
Added: Jun 28
Changed: Aug 25
Last Checked: Sep 4 at 9:25AM
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 Triamond Realty
Investment Insights
Based on property information with market context.
This for-sale property includes the business and building, with equipment included in the sale. The facility operates with 23 washers and 28 dryers, and the machines are reported to be in good working condition. The building features central air and heat and two bathrooms, including one public bathroom and one private bathroom.
The offering is described as being in high demand, with strong and stable cash flow. The seller also notes expansion potential for a new buyer to add items such as a lottery, vending, and game machines.
All stated business and equipment are included with the purchase, making the property suitable for an owner-operator or an investor seeking to take over an operating laundry business as-is.
The offering is described as being in high demand, with strong and stable cash flow. The seller also notes expansion potential for a new buyer to add items such as a lottery, vending, and game machines.
All stated business and equipment are included with the purchase, making the property suitable for an owner-operator or an investor seeking to take over an operating laundry business as-is.
Key Highlights
- Operating laundry facility sale includes business and building, plus all equipment included
- Total 23 washers and 28 dryers, with machines stated to be in good working condition
- Central air and heat
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
$17,405
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
4.35%
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%
$348,100
$348.1K
Cap Rate 7%
$248,643
$248.6K
Cap Rate 9%
$193,389
$193.4K
Market Conditions
NOI Build-Up for 1,540 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
$27.7K $18.00/SF
− Vacancy
−$2.9K −$1.85/SF
EGI
$24.9K $16.15/SF
− OpEx
−$7.5K −$4.84/SF
NOI
$17.4K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$348,100
Cap Rate 7%
$248,643
Cap Rate 9%
$193,389
Alternative Uses
Best Use
Retail
$248.6K
$217.6K – $290.1K
NOI $17,405 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$375.4K
$328.5K – $438.0K
NOI $26,280 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 22%
Groceries 8%
Apparel 1%
Chick-fil-A
Dining
52,422 visits/mo
0.5 miles
McDonald's
Dining
33,144 visits/mo
0.5 miles
TD Bank
Shops & Services
11,639 visits/mo
0.5 miles
State Liquor Store
Groceries
10,103 visits/mo
0.3 miles
Wells Fargo
Shops & Services
8,583 visits/mo
0.5 miles
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Operating laundry facility offered with 23 washers and 28 dryers, plus central air/heat and two bathrooms.
Where is this retail space located?
The property is located at 7355 Limekiln Pike Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Operating laundry facility sale includes business and building, plus all equipment included; Total 23 washers and 28 dryers, with machines stated to be in good working condition; Central air and heat
