Classic Restaurant
For Sale
$4,999,000
915 Arch St, Philadelphia, PA 19107
Restaurant property featuring classic architectural character in Philadelphia’s 19107 ZIP code.
Property Size13,500 SF
Price / SF$370.30
Days on Market27
Property Features for 915 Arch St
General Information
Standard status
Active
Size
13,500 SF
Building Details
Year Built
1960
Listing Agency:
Premium Realty Group Inc
(215) 995-2918
Listed By:
Derrick Zhang · License #AB066314
Source:
Upgradebymichaud
Added: Aug 3
Changed: Aug 27
Last Checked: Aug 28 at 1:05PM
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 Premium Realty Group Inc
Investment Insights
Based on property information with market context.
This restaurant property encompasses 13,500 square feet and dates to 1960. The interior is described as having classic architectural character, creating a defined setting for restaurant operations or other commercial use supported by the property’s classification.
The property is located at 915 Arch St in Philadelphia, Pennsylvania, within ZIP code 19107. Its urban setting places the asset in a central Philadelphia context, while the existing architectural character provides a distinct physical identity.
The property is located at 915 Arch St in Philadelphia, Pennsylvania, within ZIP code 19107. Its urban setting places the asset in a central Philadelphia context, while the existing architectural character provides a distinct physical identity.
Key Highlights
- 13,500‑square‑foot restaurant property
- Built in 1960
- Classic architectural interior character
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
$195,615
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
3.91%
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%
$3,912,300
$3.9M
Cap Rate 7%
$2,794,500
$2.8M
Cap Rate 9%
$2,173,500
$2.2M
Market Conditions
NOI Build-Up for 13,500 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
$283.5K $21.00/SF
− Vacancy
−$22.7K −$1.68/SF
EGI
$260.8K $19.32/SF
− OpEx
−$65.2K −$4.83/SF
NOI
$195.6K $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%
$3,912,300
Cap Rate 7%
$2,794,500
Cap Rate 9%
$2,173,500
Alternative Uses
Best Use
Specialty Retail
$2.79M
$2.45M – $3.26M
NOI $195,615 @ 7.0% cap · market cap 3.91%
Second Best
Retail
$2.18M
$1.91M – $2.54M
NOI $152,580 @ 7.0% cap · market cap 3.05%
Theoretical Best
Multifamily LT 5
$3.29M
$2.88M – $3.84M
NOI $230,376 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21,329
Businesses Nearby
130k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 63%
Dining 31%
Home Improvements & Furnishings 3%
Shops & Services 3%
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.4 miles
Starbucks
Dining
16,511 visits/mo
0.4 miles
Four Points by Sheraton Philadelphia City Center Hotel
Hotels & Casinos
15,625 visits/mo
0.3 miles
Le Pain Quotidien
Dining
15,049 visits/mo
0.3 miles
Kimpton Hotel Monaco Philadelphia
Hotels & Casinos
10,769 visits/mo
0.5 miles
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
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?
Conventional restaurant - Restaurant property featuring classic architectural character in Philadelphia’s 19107 ZIP code.
Where is this conventional restaurant located?
The property is located at 915 Arch St Philadelphia, PA.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: 13,500‑square‑foot restaurant property; Built in 1960; Classic architectural interior character
