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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Turn key restaurants
1701 Art School Rd Chester Springs, PA 19425-1411
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US73-2009974
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1750
Total area
15,141 SF
Lot
2.7 ac (117,612 SF)
Zoning code
PRD
APN
3401 00100000
UPID
US73-2009974
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
-
The Washington at Historic Yellow Springs Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$959k
Blend (final)
Blend
$775k
Owner & transaction history
West Pikeland Township · 12 yrs held
West Pikeland Township
since 2014
6 recorded transactions
Zoning & alternative use
PRD · Chester Springs, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chester Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chester Springs 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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$775k
Range $698k – $853k · ±10%
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
$51 / 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
$31,381
Tax year 2024
Assessed value
$898,950
Assessed 2024
Previous assessed
$898,950
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$168,480
Assessed improvement
$730,470
Land market value
$168,480
Improvement market value
$759,200
Total market value
$927,680
Applied tax rate
34.0000
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
1750
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Total area
15,141 SF
Lot
2.7 ac (117,612 SF)
Zoning code
PRD
APN
3401 00100000
UPID
US73-2009974
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
PRD · Chester Springs, PA
Zoning PRD · permitted uses
PRD · Chester Springs, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chester Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1750
Heating
HOT WATER
Cooling
Yes
Buildings
2
Lot
2.7 ac
Current owner
From public records · entity-resolved
West Pikeland Township
Individual
Mailing address
1685 ART SCHOOL RD, CHESTER SPRINGS, PA 19425-1402
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2015
—
Ld Acquisition Co LLC
—
Loan Modification
related
$390,000,000 · Suntrust Bk
Jan 8, 2014
$50,000
West Pikeland Township
Historic Yellow Springs INC
Grant Deed
—
Jan 2, 2013
—
Ld Acquisition Co LLC
—
Deed Of Trust
related
$32,900,000 · Texas Capital Bank NA
Dec 1, 2010
—
Ld Acquisition Co LLC
—
Deed Of Trust
related
$13,000,000 · Landmark Dividend Funding LP
—
—
Charles B Orlando
—
Deed Of Trust
related
$181,192 · Dakota Financial LLC
—
—
Historic Yellow Springs INC
—
Deed Of Trust
related
$250,000 · 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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