Retail Building with Two Commercial
For Sale
$1,350,000
7909 High School Rd, Elkins Park, PA 19027
Recently renovated retail building with two fully built-out commercial kitchens and a rear loading dock.
Property Size10,000 SF
Price / SF$135
Days on Market156
Property Features for 7909 High School Rd
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Vacant-User
Amenities
Two Commercial Grade Kitchens
Recently Renovated Utilities and Structure
Rear Loading Dock.
$153,441 Average Household Income Within a 1 Mile Radius
Traffic Count: Approximately 3,000 cars per day
Building Details
Building Size
10,000 SF
Year Built
1940
Listing Agency:
Philadelphia Office
Listed By:
Berk Petersohn · License #License(s): PA: RS378882
(215) 531-7025
Source:
Marcusmillichap
Added: Apr 3
Changed: Aug 31
Last Checked: Sep 2 at 1:12PM
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.
A recently renovated retail building offering a highly functional layout suited for a variety of retail, food service, medical, or service-oriented uses. The property includes two fully built-out commercial-grade kitchens, designed to support food-focused concepts with turnkey kitchen infrastructure. Additional improvements are noted as reducing near-term capital expenditure requirements for a new owner.
The building is located at 7909 High School Road in Elkins Park, positioned along a well-traveled corridor with convenient access and strong visibility. The offering also highlights convenient access toward Center City Philadelphia and proximity to Route 611 (Old York Road).
Operationally, the property is equipped with a rear loading dock intended to support deliveries, storage, and back-of-house functionality.
The building is located at 7909 High School Road in Elkins Park, positioned along a well-traveled corridor with convenient access and strong visibility. The offering also highlights convenient access toward Center City Philadelphia and proximity to Route 611 (Old York Road).
Operationally, the property is equipped with a rear loading dock intended to support deliveries, storage, and back-of-house functionality.
Key Highlights
- 10,000 SF recently renovated retail building built in 1940
- Two fully built‑out commercial‑grade kitchens for restaurant, catering, convenience store, or brewery concepts
- Rear loading dock to support deliveries, storage, and back‑of‑house operations
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
$120,708
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
8.94%
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%
$2,414,160
$2.4M
Cap Rate 7%
$1,724,400
$1.7M
Cap Rate 9%
$1,341,200
$1.3M
Market Conditions
NOI Build-Up for 10,000 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
$180.0K $18.00/SF
− Vacancy
−$7.6K −$0.76/SF
EGI
$172.4K $17.24/SF
− OpEx
−$51.7K −$5.17/SF
NOI
$120.7K $12.07/SF
Area
Montgomery County, PA
Vacancy
4.20%
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%
$2,414,160
Cap Rate 7%
$1,724,400
Cap Rate 9%
$1,341,200
Alternative Uses
Best Use
Specialty Retail
$5.75M
$5.03M – $6.71M
NOI $402,647 @ 7.0% cap · market cap 29.83%
Second Best
Retail
$1.72M
$1.51M – $2.01M
NOI $120,708 @ 7.0% cap · market cap 8.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
833
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
13,979 visits/mo
0.3 miles
Demographics for 19027, PA
19,170
Population
8,550
Households
2.2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
4,915
Density / Sq Mi
$105,190
Median Household Income
$52,970
Median Earnings
$1,439
Median Rent
$348,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Recently renovated retail building with two fully built-out commercial kitchens and a rear loading dock.
Where is this retail space located?
The property is located at 7909 High School Rd Elkins Park, PA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 10,000 SF recently renovated retail building built in 1940; Two fully built‑out commercial‑grade kitchens for restaurant, catering, convenience store, or brewery concepts; Rear loading dock to support deliveries, storage, and back‑of‑house operations
