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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Turn key restaurants
1401 Kings Hwy Gap, PA 17527-9012
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-2871971
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Total area
9,212 SF
Lot
3.23 ac (140,699 SF)
Zoning code
NC
APN
2804 00600100
UPID
US73-2871971
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
-
Hillside Garden Center Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.80M
Owner & transaction history
West Kings Hwy LLC · 5 yrs held
West Kings Hwy LLC
since 2020
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
NC · Gap, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+5.5%
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 Gap submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gap 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
$2,195,000
ML approach
$2,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,995,000
Current use
COMMERCIAL (GENERAL)
$2,100,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,970,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,750,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$1,715,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.40M (Sep 23 2020)
Last sale anchor
$1.40M
Sep 23 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
$195 / 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
$22,610
Tax year 2024
Assessed value
$457,970
Assessed 2024
Previous assessed
$457,970
+0.0% YoY
Effective rate
4.94%
On assessed value
Assessed land
$54,510
Assessed improvement
$403,460
Land market value
$54,510
Improvement market value
$433,470
Total market value
$487,980
Applied tax rate
28.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1994
Heating
YES
Cooling
NONE
Buildings
3
Total area
9,212 SF
Lot
3.23 ac (140,699 SF)
Zoning code
NC
APN
2804 00600100
UPID
US73-2871971
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
NC · Gap, PA
Zoning NC · permitted uses
NC · Gap, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gap. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
RESTAURANT Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1994
Heating
YES
Cooling
Yes
Buildings
3
Lot
3.23 ac
Current owner
From public records · entity-resolved
West Kings Hwy LLC
Entity
Mailing address
1405 W KINGS HWY, GAP, PA 17527-9012
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
—
West Kings Hwy LLC
—
Deed
related
$775,000 · Bank Of Bird In Hand
Jan 3, 2025
—
West Kings Hwy LLC
—
Deed
related
$520,000 · Bank Of Bird In Hand
Sep 23, 2020
$1,400,000
West Kings Hwy LLC
Amos L Petersheim
Deed
$10,000 · Truist Bank
Mar 12, 2019
—
Amos L Petersheim
—
Deed
related
$138,000 · The Ephrata National Bank
Jan 23, 2017
—
Amos L Petersheim
—
Deed
related
$400,000 · Bank Of Bird-in-hand
Apr 22, 2011
—
Amos L Petersheim
Petersheim,amos L & Sadie S
Quit Claim Deed
related
—
Jun 17, 2008
$275,000
Amos L Petersheim
King,jonas K & Katie A
Grant Deed
—
Aug 18, 1998
$197,000
Jonas K King
Lapp,john E & Rosanna
Grant Deed
$157,600 · Blue Ball National Bank
—
—
Amos L Petersheim
—
Deed Of Trust
related
$150,000 · Hometowne Heritage Bank
—
—
Jonas K King
—
Deed Of Trust
related
$100,000 · Old Order Amish Helping Progra
—
—
Jonas K King
—
Deed Of Trust
related
$61,000 · Hometowne Heritage Bank
—
—
Amos L Petersheim
—
Deed Of Trust
related
$400,000 · Bank Of Bird-in-hand
—
—
Jonas K King
—
Deed Of Trust
related
$50,000 · Blue Ball 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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