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Property profile & analytics
OFF-MARKET
Turn key restaurants
117 State St Kennett Square, PA 19348-3064
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US73-3014236
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Total area
3,601 SF
Lot
0.05 ac (2,280 SF)
Zoning code
C2
APN
0302 01990000
UPID
US73-3014236
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
by Request
Owner & transaction history
William P Rubin · 14 yrs held
William P Rubin
since 2012
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
—
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
$4,381
Tax year 2024
Assessed value
$89,910
Assessed 2024
Previous assessed
$89,910
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$30,240
Assessed improvement
$59,670
Land market value
$30,240
Improvement market value
$59,670
Total market value
$89,910
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
1900
Heating
HOT WATER
Cooling
WINDOW A/C
Buildings
3
Total area
3,601 SF
Lot
0.05 ac (2,280 SF)
Zoning code
C2
APN
0302 01990000
UPID
US73-3014236
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
1900
Heating
HOT WATER
Cooling
Yes
Buildings
3
Lot
0.05 ac
Current owner
From public records · entity-resolved
William P Rubin
Individual
Mailing address
50 CHAPEL RD, COATESVILLE, PA 19320-5114
Ownership since
2012
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
Mar 6, 2012
$375,000
William P Rubin
Four Doctors LLC
Grant Deed
$249,000 · Metropolitan Bank
Apr 17, 2003
$231,500
Four Doctors LLC
Glancroce,marco
Grant Deed
—
Jul 18, 2001
$185,000
Marco Giancroce
Giancroce,robert G & Loretta
Grant Deed
related
$150,000 · First National Bank Chester
—
—
Marco Giancroce
—
Deed Of Trust
related
$40,662 · Robert & Loretta
—
—
Four Doctors LLC
—
Deed Of Trust
related
$200,000 · Artisans Bank
—
—
Four Doctors LLC
—
Deed Of Trust
related
$250,000 · Artisans Bank
—
—
Four Doctors LLC
—
Deed Of Trust
related
$225,000 · Midcoast Community Bank
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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