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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Turn key restaurants
124 Gay St West Chester, PA 19380-3147
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-1198026
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1860
Total area
3,240 SF
Lot
0.07 ac (2,846 SF)
Zoning code
TC
APN
0109 01460000
UPID
US73-1198026
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
Current use
Occupant on record · Public records
-
lightislifehealing Alternative Medicine Practice
-
Brandywine Valley Writers Group Charitable Organization Social Service Agency
-
Liberty Bell Tattoo and Piercing Tattoo & Piercing Shop
-
Ryan's Pub Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$640k
Owner & transaction history
124 E Gay St LLC · 6 yrs held
124 E Gay St LLC
since 2020
Last sale
$471,428
2 recorded transactions
Zoning & alternative use
TC · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$965,000
+2.9%
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 West Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chester 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
$740,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$935,000
Current use
COMMERCIAL (GENERAL)
$965,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $471k (Mar 4 2020)
Last sale anchor
$471k
Mar 4 2020
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
$198 / 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
$2,962
Tax year 2024
Assessed value
$84,430
Assessed 2024
Previous assessed
$84,430
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$33,350
Assessed improvement
$51,080
Land market value
$33,350
Improvement market value
$51,080
Total market value
$84,430
Applied tax rate
1.0000
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
1860
Heating
HOT WATER
Cooling
WINDOW A/C
Units
1
Total area
3,240 SF
Lot
0.07 ac (2,846 SF)
Zoning code
TC
APN
0109 01460000
UPID
US73-1198026
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
TC · West Chester, PA
Zoning TC · permitted uses
TC · West Chester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$935,000
COMMERCIAL (GENERAL)
Est. value
$965,000
RESTAURANT Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1860
Heating
HOT WATER
Cooling
Yes
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
124 E Gay St LLC
Entity
Mailing address
PO BOX 2061, WEST CHESTER, PA 19380-0082
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2023
—
104 E Gay St LLC
—
Deed
related
$3,000,000 · Wilmington Savings Fund Society Fsb
Mar 4, 2020
$471,428
124 E Gay St LLC
Stavropoulos Brothers Ents
Grant Deed
$200,000 · Demetrios Stavropoulos
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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