New search
Property profile & analytics
FOR SALE
Turn key restaurants
132 E Lancaster Ave Downingtown, PA 19335
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US73-0114237
For Sale
1 / 4
$799,000
132 E Lancaster Ave, Downingtown, PA 19335
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Total area
4,175 SF
Lot
0.1 ac (4,375 SF)
Zoning code
C2
APN
1108 00870000
UPID
US73-0114237
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
-
Turkey Hill Gas Station
-
Western Union Bank Credit Union
-
Smoke-Stock & Chimney Cleaning Downingtown, VWH Furniture & Home Goods Home Decor Store
-
Maclanes Automotive - Lancaster Ave Auto Repair Shop
-
PNC ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$575k
Owner & transaction history
20 E Lancaster LLC · 1 yrs held
20 E Lancaster LLC
since 2025
Last sale
$612,500
4 recorded transactions
Zoning & alternative use
C2 · Downingtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$890,000
+80.8%
Office building
$775,000
+57.3%
Warehouse, storage
$560,000
+13.1%
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 Downingtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downingtown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$495,000
Current use
AUTO REPAIR, GARAGE
$890,000
Change: +81% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: +57% · Conversion: Moderate
WAREHOUSE, STORAGE
$560,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $613k (Mar 24 2025)
Last sale anchor
$613k
Mar 24 2025
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
$138 / 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
$6,562
Tax year 2024
Assessed value
$157,140
Assessed 2024
Previous assessed
$157,140
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$59,760
Assessed improvement
$97,380
Land market value
$59,760
Improvement market value
$98,010
Total market value
$157,770
Applied tax rate
11.0000
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
For Sale
Year built
1900
Heating
HOT WATER
Cooling
CENTRAL
Total area
4,175 SF
Lot
0.1 ac (4,375 SF)
Zoning code
C2
APN
1108 00870000
UPID
US73-0114237
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Downingtown, PA
Zoning C2 · permitted uses
C2 · Downingtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downingtown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$890,000
OFFICE BUILDING
Est. value
$775,000
WAREHOUSE, STORAGE
Est. value
$560,000
RESTAURANT Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1900
Heating
HOT WATER
Cooling
Yes
Lot
0.1 ac
Current owner
From public records · entity-resolved
20 E Lancaster LLC
Entity
Mailing address
301 DRESSAGE CT, WEST CHESTER, PA 19382-2364
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2025
$612,500
20 E Lancaster LLC
Ivers Properties LLC
Deed
$459,375 · Bhcu Dba Propell Cu
Jun 6, 2012
$412,500
Ivers Properties LLC
Marjam Properties LLC
Grant Deed
$423,000 · Capitalsource Bank
Mar 12, 2007
$265,000
Marjam Properties LLC
Hoskins,rusti N
Grant Deed
$260,000 · First Resource Bank
—
—
Rusti N Hoskins
—
Deed Of Trust
related
$180,000 · Stonebridge 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
