Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4213 Ridge Ave Philadelphia, PA 19129
    Back to Search
    Property profile & analytics

    4213 Ridge Ave Philadelphia, PA 19129

    View on Map
    • Conventional restaurants
    • 3,510 SF
    For Sale
    $850,000
    View Listing →
    Multi-Level Restaurant Space Available For Sale
    $850,000
    3,510 SF

    Multi-Level Restaurant Space Available

    Multi-level restaurant space in East Falls neighborhood for sale.

    4213 Ridge Ave, Philadelphia, PA 19129
    View Listing
    Property ID
    US73-0191796
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Conventional restaurants

    Property Details for 4213 Ridge Ave

    Year built
    1939
    Property size
    3,510 SF
    Property type
    Conventional restaurants
    Property subtype
    Commercial real estate

    Description

    Don't miss your chance to own this incredible multi-level restaurant space right in the heart of East Falls, on the corner of Ridge and Midvale! This building was the former home of Foghorn & Fletcher restaurant. This space offers two floors of dining, plus a full basement. The main floor has a large window that opens up to give the feel of alfresco dining. This floor also has a large bar and seating area, a kitchen in the back, and two restrooms. The second floor offers a large picture window, an additional bar and expansive seating area, as well as two more restrooms and a small office space in the rear. Co-operating broker commission is 3.5%.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.19417
    Latitude
    40.00924

    Comparable in this City

    • $1,170,000

      Restaurant and Bar with License

      Turnkey restaurant and bar with real estate and liquor license.
      3749-51 Midvale Ave, Philadelphia, PA 19129
      View Details
    • $109,000
      0.04 Acres

      Philadelphia Commercial Land For Sale

      Commercial land in Philadelphia's East Falls neighborhood, zoned ICMX.
      4040 Ridge Ave, Philadelphia, PA 19129
      View Details
    • $109,000
      0.04 Acres

      Philadelphia Land in East Falls

      ICMX zoned lot in Philadelphia's East Falls neighborhood.
      4040 Ridge Ave, Philadelphia, PA 19129
      View Details
    • Contact for pricing
      3,769 SF

      Mixed-Use Investment Property For Sale

      Three-story mixed-use property in Philadelphia's East Falls neighborhood.
      3479 Bowman St, Philadelphia, PA 19129
      View Details
    • Contact for pricing

      East Falls Commercial Space Available

      New construction retail space in Philadelphia's East Falls neighborhood.
      4442 Ridge Ave, Philadelphia, PA 19129
      View Details
    • Contact for pricing
      0.05 Acres

      East Falls Commercial Space

      New construction commercial space suitable for various businesses.
      3712 Midvale Ave, Philadelphia, PA 19129
      View Details

    Similar Nearby for Sale

    • $1,170,000

      Restaurant and Bar with License

      Turnkey restaurant and bar with real estate and liquor license.
      3749-51 Midvale Ave, Philadelphia, PA 19129
      View Details
    • Contact for pricing
      8,600 SF

      Historic Mixed-Use Property For Sale

      Unique mixed-use building in East Falls with versatile potential.
      4200 Ridge Ave, Philadelphia, PA 19129
      View Details
    • Contact for pricing

      East Falls Developable Land Parcel

      Prime 1.89-acre land parcel in East Falls neighborhood.
      4401 Ridge Ave, Philadelphia, PA 19129
      View Details
    • Contact for pricing

      Commercial Land Ready For Use

      Remarkably sized commercial land, demoed and ready for development.
      2625 W Willard St, Philadelphia, PA 19129
      View Details
    • Contact for pricing
      1,791 SF

      Tenant-Occupied Auto Mechanic Garage

      Tenant-occupied auto mechanic garage with redevelopment potential.
      2400 W Hunting Park Ave, Philadelphia, PA 19129
      View Details
    • Contact for pricing
      0.02 Acres

      Land in Philadelphia, PA

      Commercial land available for sale in Philadelphia, Pennsylvania.
      2644 Deacon St, Philadelphia, PA 19129
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,693 SF

      Retail Space with Outdoor Patio

      Retail space with patio, suitable for food and beverage.
      4300 Kelly Dr, Philadelphia, PA 19129
      View Details
    • $17 SF/Yr

      Loft-Style Office/Retail Space Available

      Office/retail space with private parking and shared loading dock.
      3251 Fox St, Philadelphia, PA 19129
      View Details
    • $19 SF/Yr
      1,712 SF

      Scotts Lane Office Suite 712

      Spacious Flex Office, Prime Location
      3502 Scotts Ln, Philadelphia, PA 19129
      View Details
    • $30,000
      13,232 SF

      Industrial Warehouse with Large Acreage

      13,232 SF warehouse on 3.86 acres available for lease.
      3310 Fox St, Philadelphia, PA 19129
      View Details
    • Contact for pricing

      Office Space on Courtyard

      Office space with open layout, suitable for small business.
      3502 Scotts Ln, Philadelphia, PA 19129
      View Details
    • Contact for pricing
      31,000 SF

      Philadelphia Industrial Space For Lease

      20,000 SF industrial space with loading docks available for lease.
      2433 W Westmoreland St, Philadelphia, PA 19129
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4213 Ridge Ave
    Philadelphia, PA 19129
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4213 Ridge Ave, Philadelphia, PA, 19129
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!