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    Gap Newport Pike Avondale, PA 19311

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    Gap Newport Pike Avondale, PA 19311

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for 0 Gap Newport Pike

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional Avondale, Pennsylvania restaurant presents a unique investment opportunity. Priced at $2,300,000, this 1.1-acre freestanding property boasts a 4.5-star rating and includes a valuable liquor license. Currently operating as a restaurant, the space is adaptable for redevelopment or conversion to a land lease. Its prime location on Gap Newport Pike (Route 41) ensures high visibility and volume traffic, benefiting from easy access to major roadways including Route 1 (north/south Pennsylvania and Maryland), Route 41 (Wilmington, Delaware), and the Interstate 95 interchange. The property enjoys proximity to thriving areas such as Kennet Square, New Garden Town Center, and various amenities including CVS, Hartefeld National Golf Course, Tractor Supply, and New Garden Airport. The area is experiencing significant residential growth, with a 14% increase in just one year, fueling high demand for restaurants, quick-service restaurants, grocery stores, medical facilities, retail spaces, office space, and light industrial uses. This "A" rated location in a highly desirable suburban area makes it an ideal investment for both established businesses and new ventures seeking to capitalize on the region's robust growth trajectory. Multiple residential developments are in the presentation/approval stages, further solidifying the area's promising future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.7831
    Latitude
    39.8246

    Comparable in this City

    • Value Estimation by Request
      4,500 SF

      Gap Newport Pike

      Restaurants • 4,500 SF
      0 Gap Newport Pike, Avondale, PA 19311
      View Details
    • Value Estimation
      $2,465,000
      14,945 SF

      600 Gap Newport Pike

      RESTAURANT • 14,945 SF
      600 Gap Newport Pike, Avondale, PA 19311-9504
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    • Value Estimation
      $585,000
      11,668 SF

      7 London Way

      RESTAURANT • 11,668 SF
      7 London Way, Avondale, PA 19311-9500
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    • Value Estimation
      $720,000
      10,400 SF

      9173 Gap Newport Pike

      RESTAURANT • 10,400 SF
      9173 Gap Newport Pike, Avondale, PA 19311-9628
      View Details
    • Value Estimation
      $555,000
      5,562 SF

      954 Gap Newport Pike

      RESTAURANT • 5,562 SF
      954 Gap Newport Pike, Avondale, PA 19311-9530
      View Details
    • Value Estimation
      $890,000
      11,950 SF

      8845 Gap Newport Pike

      RESTAURANT • 11,950 SF
      8845 Gap Newport Pike, Avondale, PA 19311
      View Details

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      Retail Space and Pads Available

      Retail spaces and build-to-suit pads available for lease.
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      5.5 Acres Wooded Land

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      Avondale Commercial Land & Buildings

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      2,520 SF

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    Similar Nearby for Lease

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      Retail Space for Lease

      Retail spaces available for lease in Avondale, Pennsylvania.
      550 Hepburn Rd, Avondale, PA 19311
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      3,223 SF

      Retail Space in Avondale Center

      Retail space available in a shopping center anchored by Lowe's.
      801-923 Gap Newport Pike, Avondale, PA 19311
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      5,000 SF

      Retail Space in Chester County

      Premier shopping center location in Southern Chester County, Pennsylvania.
      550 Hepburn Rd, Avondale, PA 19311
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    • Contact for pricing
      5,000 SF

      Southern Chester County Shopping Center

      Premier shopping center with available end cap and build-to-suit.
      558 Hepburn Rd, Avondale, PA 19311
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      5,000 SF

      Southern Chester County Shopping Center

      Premier shopping center with available end cap and build-to-suit.
      554 Hepburn Rd, Avondale, PA 19311
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      58,125 SF

      Avondale Office and Retail Space

      Office and retail spaces available for rent in Avondale.
      500 Hepburn Rd, Avondale, PA 19311
      View Details
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    Avondale, PA 19311
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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.

    More about this property
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