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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Turn key restaurants
112 State St Kennett Square, PA 19348-3110
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-1183084
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1930
Total area
32,922 SF
Lot
0.39 ac (16,889 SF)
Zoning code
C2
APN
0302 02780000
UPID
US73-1183084
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
Lgb 110 East State St LLC · 9 yrs held
Lgb 110 East State St LLC
since 2016
7 recorded transactions
Zoning & alternative use
C2 · Kennett Square, PA
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kennett Square submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennett Square submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$55 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$59,668
Tax year 2024
Assessed value
$1,224,500
Assessed 2024
Previous assessed
$931,950
+31.4% YoY
Effective rate
4.87%
On assessed value
Assessed land
$55,810
Assessed improvement
$1,168,690
Land market value
$55,810
Improvement market value
$1,178,620
Total market value
$1,234,430
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1930
Heating
HOT WATER
Cooling
CENTRAL
Buildings
3
Total area
32,922 SF
Lot
0.39 ac (16,889 SF)
Zoning code
C2
APN
0302 02780000
UPID
US73-1183084
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Kennett Square, PAZoning C2 · permitted uses
C2 · Kennett Square, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1930
Heating
HOT WATER
Cooling
Yes
Buildings
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
Lgb 110 East State St LLC
Entity
Mailing address
326 W CEDAR ST STE #3, KENNETT SQUARE, PA 19348-3275
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2016
$3,662,500
Lgb 110 East State St LLC
P2k Company LLC
Deed
—
Oct 3, 2014
—
P2k Co LLC
P2k Co LLC
Quit Claim Deed
related
$2,112,500 · Valley Green Bk
Jul 3, 2006
$4,500,000
P25 Co LLC
J Jerome Cohen
Deed
—
Sep 20, 2004
—
Cohen J J
Moskovitz Gary N
Grant Deed
related
—
—
—
Lgb-110 East State St LLC
—
Deed Of Trust
related
$360,000 · Td Bk NA
—
—
Bernard Group II LLP
—
Deed Of Trust
related
$400,000 · Judith A Cohen
—
—
J J Cohen
—
Deed Of Trust
related
$465,000 · Dnb First NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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