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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Turn key restaurants
120 State St Kennett Square, PA 19348-3110
Entity Owned
8-yr Hold
Free & Clear
Property ID
US73-5892781
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1821
Total area
4,746 SF
Lot
0.06 ac (2,557 SF)
Zoning code
C1
APN
0303 01250000
UPID
US73-5892781
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
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.35M
Owner & transaction history
120 E State St Investors LLC · 8 yrs held
120 E State St Investors LLC
since 2018
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C1 · 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
Method
Estimation
Statistic approach
$1,350,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Nov 8 2024)
Last sale anchor
$1.35M
Nov 8 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$284 / 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
$14,528
Tax year 2024
Assessed value
$298,150
Assessed 2024
Previous assessed
$298,150
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$28,090
Assessed improvement
$270,060
Land market value
$28,090
Improvement market value
$270,060
Total market value
$298,150
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
1821
Heating
HOT WATER
Cooling
NONE
Total area
4,746 SF
Lot
0.06 ac (2,557 SF)
Zoning code
C1
APN
0303 01250000
UPID
US73-5892781
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Kennett Square, PAZoning C1 · permitted uses
C1 · 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
1821
Heating
HOT WATER
Cooling
Yes
Lot
0.06 ac
Current owner
From public records · entity-resolved
120 E State St Investors LLC
Entity
Free & Clear · 8 yrs held
Mailing address
931 E HAVERFORD RD, BRYN MAWR, PA 19010-3838
Ownership since
2018
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
Jan 8, 2018
$810,000
120 E State St Investors LLC
Starling Enterprices LLC
Deed
—
Apr 13, 2016
$520,000
Starling Ent LLC
Mcfadden,john P & Yvonne
Grant Deed
—
Nov 16, 2006
$200,000
John P Mcfadden
Kennett Properties
Grant Deed
$990,000 · National Bank Of Malvern
Oct 4, 2006
—
Kennett Properties
Sac Realty
Grant Deed
—
Apr 19, 2006
—
Sac Realty
—
Deed Of Trust
related
$3,000,000 · Artisans Bank
Jan 13, 2006
$200,000
Sac Realty
Dedominicis,renato
Grant Deed
$160,000 · Artisans Bank
Dec 30, 2002
$70,000
Renato Dedominicis
Melchior,nicholas C
Grant Deed
$125,000 · Downingtown National 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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