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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Main St Phoenixville, PA 19460-3420

    • Turn key restaurants
    • 18,905 SF
    • 3.70 lot acres
    OFF-MARKET
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-2872092
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Schuykill River Heritage Center / Tourist Information Center
    • Schuylkill River Trail - Main Street Trailhead / Hiking Area
    • Phoenixville Foundry / Event Planner / Wedding Venue

    Property Details for 2 Main St

    Year built
    1890
    Lot size
    3.70 lot acres
    Property size
    18,905 SF
    Zone code
    DC
    Property type
    Turn key restaurants
    APN
    1509 01100000
    APU
    150901100000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $690,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,491,000
      Market price range: $1.00M - $2.77M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phoenixville
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.5174
    Latitude
    40.1352
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $29,630
    $185,040
    $460,500
    $645,540
    -
    $185,040
    $479,370
    $664,410

    Comparable in this City

    • Value Estimation
      $9,150,000
      55,413 SF

      785 Starr St

      RESTAURANT • 55,413 SF
      785 Starr St, Phoenixville, PA 19460-3674
      View Details
    • Value Estimation
      $4,620,000
      65,814 SF

      700 Nutt Rd Ste, Unit 610

      RESTAURANT • 65,814 SF
      700 Nutt Rd Ste, Phoenixville, PA 19460-3344
      View Details
    • Value Estimation
      $3,045,000
      8,328 SF

      230 Brg St

      RESTAURANT • 8,328 SF
      230 Brg St, Phoenixville, PA 19460-3450
      View Details
    • Value Estimation by Request
      2,792 SF

      16 Gay St

      RESTAURANT • 2,792 SF
      16 Gay St, Phoenixville, PA 19460-3418
      View Details
    • Value Estimation
      $2,000,000
      11,284 SF

      200 Kimberton Rd

      RESTAURANT • 11,284 SF
      200 Kimberton Rd, Phoenixville, PA 19460-4163
      View Details
    • Value Estimation
      $595,000
      5,588 SF

      629 Pike Spgs Rd

      RESTAURANT • 5,588 SF
      629 Pike Spgs Rd, Phoenixville, PA 19460
      View Details

    Similar Nearby for Sale

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      6,914 SF

      639 Schuylkill Rd

      Restaurants • 6,914 SF
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      View Details
    • $1,349,000
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      Phoenixville Retail Space - Turnkey Restaurant

      Thriving Restaurant, Prime Location, High Income Area.
      498 Nutt Rd, Phoenixville, PA 19460
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      Phoenixville Retail Property - High Growth Area

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      Phoenixville Mavis Discount Tire ForSale

      NNN leased Mavis Discount Tire in Phoenixville, Pennsylvania.
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    • $1,500,000
      6,914 SF

      Phoenixville Industrial Property - 1.4 Acres

      Spacious industrial building, 6,914 sq ft, on 1.4 acres. Excellent Phoenixville location.
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      View Details
    • $2,250,000
      1.78 Acres

      Phoenixville Land with Historic Mansion

      1.77-acre property with a 14,802 SF mansion in Phoenixville.
      99 Starr St, Phoenixville, PA 19460
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    Similar Nearby for Lease

    • Contact for pricing
      1,528 SF

      Restaurant Space with High Visibility

      Second generation restaurant space available for rent.
      240 Nutt Rd, Phoenixville, PA 19460
      View Details
    • $11 SF/Yr
      3,200 SF

      Mixed-Use Corner Property in Phoenixville

      Charming mixed-use property with restaurant, office, and basement space.
      119 Main St, Phoenixville, PA 19460
      View Details
    • $25 SF/Yr
      14,810 SF

      Adaptable Retail Space in Phoenixville

      6,031 sq ft retail space in the heart of Phoenixville.
      101 The Atrium, Phoenixville, PA 19460
      View Details
    • $37 SF/Yr
      704 SF

      Phoenixville Retail/Office Space

      High-Visibility Retail Space near Rt 422
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      View Details
    • $1,750 /Mo

      Charming Commercial Space in Phoenixville

      Historic building with modern amenities in a vibrant neighborhood.
      218 Church St, Phoenixville, PA 19460
      View Details
    • Contact for pricing
      12,000 SF

      Prime Phoenixville Retail Space

      9,000 SF Event Space Available
      34 Main St, Phoenixville, PA 19460
      View Details
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    2 Main St
    Phoenixville, PA 19460-3420
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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