Second-Generation Restaurant with Large
For Sale
Contact for pricing
813 N Chester Rd, West Chester, PA 19380
C-2 restaurant property with commercial kitchen infrastructure, public utilities, and on-site parking.
Property Size5,197 SF
Lot Size0.56 Acres
Price / SF$264.58
Days on Market154
Property Features for 813 N Chester Rd
General Information
Standard status
Active
Size
5,197 SF
Total Parking Spaces
20
Lot size
0.56 Acres
Property subtype
Retail
Zoning
C-2
Restaurant
Seating Capacity
52
Commercial Hood
Yes
Grease Trap
Yes
Additional Details
Utilities to Site
Yes
Building Details
Buildings
1
Stories
1
Listing Agency:
Bennett Williams Commercial
(610) 999-5800
Listed By:
Jamie Schmidt · License #RS376902
Source:
Crexi
Added: Mar 31
Changed: Aug 29
Last Checked: Aug 31 at 6:33AM
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 Bennett Williams Commercial
Investment Insights
Based on property information with market context.
This 5,197-square-foot restaurant property includes a second-generation kitchen designed around substantial food-preparation capacity. Improvements include a rear prep area, 17-foot and 8-foot hoods, two coolers, a freezer, refrigerator, three-bay sink, grease trap, two restrooms, and seating capacity for 52 people. The property includes approximately 24,570 square feet of land and public utilities.
Zoned C-2, Local Convenience, in East Goshen Township, the site provides approximately 20 parking spaces. The existing kitchen infrastructure and restaurant layout support continued food-service use, subject to applicable approvals and requirements.
Zoned C-2, Local Convenience, in East Goshen Township, the site provides approximately 20 parking spaces. The existing kitchen infrastructure and restaurant layout support continued food-service use, subject to applicable approvals and requirements.
Key Highlights
- 5,197 SF restaurant property with a second‑generation kitchen
- 17‑foot and 8‑foot kitchen hoods
- Two coolers, freezer, refrigerator, three‑bay sink, and grease trap
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
$51,318
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
3.73%
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%
$1,026,360
$1.0M
Cap Rate 7%
$733,114
$733.1K
Cap Rate 9%
$570,200
$570.2K
Market Conditions
NOI Build-Up for 5,197 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
$74.2K $14.28/SF
− Vacancy
−$5.8K −$1.11/SF
EGI
$68.4K $13.17/SF
− OpEx
−$17.1K −$3.29/SF
NOI
$51.3K $9.87/SF
Area
Chester County, PA
Vacancy
7.80%
Lease Rate
$14.28 /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%
$1,026,360
Cap Rate 7%
$733,114
Cap Rate 9%
$570,200
Alternative Uses
Best Use
Specialty Retail
$733.1K
$641.5K – $855.3K
NOI $51,318 @ 7.0% cap · market cap 3.73%
Second Best
Industrial
$545.1K
$476.9K – $635.9K
NOI $38,154 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,297 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
14,410 visits/mo
0.2 miles
TD Bank
Shops & Services
1,214 visits/mo
0.5 miles
Demographics for 19380, PA
50,692
Population
21,490
Households
2.4
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
1,662
Density / Sq Mi
$122,876
Median Household Income
$69,599
Median Earnings
$1,820
Median Rent
$530,400
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?
Conventional restaurant - C-2 restaurant property with commercial kitchen infrastructure, public utilities, and on-site parking.
Where is this conventional restaurant located?
The property is located at 813 N Chester Rd West Chester, PA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: 5,197 SF restaurant property with a second‑generation kitchen; 17‑foot and 8‑foot kitchen hoods; Two coolers, freezer, refrigerator, three‑bay sink, and grease trap
