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Property profile & analytics
OFF-MARKET
Estimated value
$3,105,000
Turn key restaurants
15 Main St New Hope, PA 18938-1320
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-1942211
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1872
Total area
6,200 SF
Lot
0.23 ac (10,149 SF)
Zoning code
CC
APN
27-010-050
UPID
US73-1942211
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
-
Wax N Scent Studio Home Decor Store
-
Sunbeam General Store Department Store Grocery & Convenience Store
-
Oldestone Steakhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$3.11M
Owner & transaction history
The New Hope Group LLC · 5 yrs held
The New Hope Group LLC
since 2021
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
CC · New Hope, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
rticle V Zoning District Regulations § 275-27 R1 Low-Density Residential District. § 275-28 R2 Rural Residential District. § 275-29 RB Borough Residential District. § 275-30 RC Multifamily Residential District. § 275-31 CC Central Commercial District. § 275-32 HC Highway Commercial District. § 275-33 SC Shopping Center District. § 275-34 MU Mixed Use Distric…
Zone name
Central Commercial
General category
COMMERCIAL
Zone area
48.89 ac
Top alternative use upside
Commercial (general)
$2.4M
+18.3%
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 New Hope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hope 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
$3,445,000
ML approach
$3,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,010,000
Current use
COMMERCIAL (GENERAL)
$2,380,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$3.11M
Range $2.79M – $3.42M · ±10% · vs last sale $3.00M (Jul 21 2021)
Last sale anchor
$3.00M
Jul 21 2021
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
$501 / 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
$29,728
Tax year 2024
Assessed value
$194,760
Assessed 2024
Previous assessed
$194,760
+0.0% YoY
Effective rate
15.26%
On assessed value
Assessed land
$37,800
Assessed improvement
$156,960
Land market value
$517,806
Improvement market value
$2,150,128
Total market value
$2,667,934
Applied tax rate
27.0000
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
1872
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
6,200 SF
Lot
0.23 ac (10,149 SF)
Zoning code
CC
APN
27-010-050
UPID
US73-1942211
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CC · New Hope, PAZoning CC · permitted uses
CC · New Hope, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
rticle V Zoning District Regulations § 275-27 R1 Low-Density Residential District. § 275-28 R2 Rural Residential District. § 275-29 RB Borough Residential District. § 275-30 RC Multifamily Residential District. § 275-31 CC Central Commercial District. § 275-32 HC Highway Commercial District. § 275-33 SC Shopping Center District. § 275-34 MU Mixed Use District. § 275-35 PRD Planned Residential Development District. § 275-36 LI Light Indust
Zone name
Central Commercial
General category
COMMERCIAL
Zone area
48.89 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.4M
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
1872
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
The New Hope Group LLC
Entity
Mailing address
PO BOX 9TH 9, NEW HOPE, PA 18938-0009
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2021
$3,000,000
The New Hope Group LLC
Marsha Brown
Deed
$3,750,000 · Unity Bank
Jun 24, 2019
—
Marsha Brown
—
Deed
related
$1,300,000 · Bryn Mawr Trust Co
Feb 13, 2003
—
Marsha Brown
Mckenna,patricia A
Grant Deed
$1,215,337 · Patricia A Mckenna
Aug 19, 1998
$750,000
Patricia A Mckenna
New Hope Lumberville United
Grant Deed
$550,000 · Pnc Bank
—
—
Marsha Brown
—
Deed Of Trust
related
$1,800,000 · Vist 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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