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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    29 Gap Newport Pike, Unit 3 Avondale, PA 19311-3100

    • Turn key restaurants
    • 8,000 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-1402109
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mision Santa Maria / Charitable Organization / Social Service Agency
    • Inspire Hair Studio / Hair Salon
    • Mexico Magico / Tax Preparation
    • Mision Santa Maria Madre de Dios / Church
    • Eventos by Luise - Quinceañera Dresses / Clothing & Fashion Store

    Property Details for 29 Gap Newport Pike

    Year built
    1977
    Lot size
    0.60 lot acres
    Property size
    8,000 SF
    Zone code
    R1
    Property type
    Turn key restaurants
    APN
    0404 00020000
    APU
    40400020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.7765
    Latitude
    39.8208
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,093
    $84,380
    $254,790
    $339,170
    -
    $84,380
    $258,290
    $342,670

    Comparable in this City

    • Value Estimation
      $2,465,000
      14,945 SF

      600 Gap Newport Pike

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

      7 London Way

      RESTAURANT • 11,668 SF
      7 London Way, Avondale, PA 19311-9500
      View Details
    • 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
    • Value Estimation by Request
      2,800 SF

      72 Baltimore Pike

      RESTAURANT • 2,800 SF
      72 Baltimore Pike, Avondale, PA 19311-1149
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,760 SF

      Avondale Office/Retail/Restaurant Opportunity

      3,760 SF building near Baltimore Pike, ready for occupancy.
      565 E Baltimore Pike, Avondale, PA 19311
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    • Contact for pricing
      2.56 Acres

      Avondale Retail Building - Prime Location

      High-Visibility Retail Space, 3760+ sq ft
      565 Baltimore Pike, Avondale, PA 19311
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    • Contact for pricing
      34,304 SF

      Retail Space and Pads Available

      Retail spaces and build-to-suit pads available for lease.
      550 Gap Newport Pike, Avondale, PA 19311
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    • $599,900
      3.09 Acres

      Avondale Commercial Land & Buildings

      3-Acre Commercial Property, Two Buildings, High Traffic
      8800 Gap Newport Pike, Avondale, PA 19311
      View Details
    • $2,500,000
      13.89 Acres

      Avondale Commercial Land

      13.89 Acres, Prime Development Site
      1056 Gap Newport Pike, Avondale, PA 19311
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    • $350,000
      5 SF

      5.5 Acres Wooded Commercial Land

      5.5 acres of vacant wooded land with highway commercial zoning.
      6743 Limestone Rd, Avondale, PA 19311
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr

      Avondale Office/Retail Space For Rent

      Office/retail space for rent near Baltimore Pike and Route 1.
      565 Baltimore Pike, Avondale, PA 19311
      View Details
    • Contact for pricing
      1,600 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
      View Details
    • Contact for pricing
      302,233 SF

      London Grove Village Retail Space

      Prime Chester County retail center; multiple spaces available.
      550 Gap Newport Pike, Avondale, PA 19311
      View Details
    • 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
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Chester County

      Premier shopping center location in Southern Chester County, Pennsylvania.
      550 Hepburn Rd, Avondale, PA 19311
      View Details
    • Contact for pricing
      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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    29 Gap Newport Pike, Unit 3
    Avondale, PA 19311-3100
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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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