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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Turn key restaurants
202 Lancaster Ave Downingtown, PA 19335-2957
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-3300707
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1908
Total area
18,257 SF
Lot
0.52 ac (22,458 SF)
Zoning code
C1
APN
1108 00910000
UPID
US73-3300707
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
-
Estrella Tacos y Mas Bar & Pub
-
CORD - Community Outreach & Referrals of Downingtown Business Networking Company
-
East Branch Brewing Company Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.62M
Owner & transaction history
202 E Lancaster LLC · 10 yrs held
202 E Lancaster LLC
since 2015
6 recorded transactions
Zoning & alternative use
C1 · Downingtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.4M
+13.1%
Industrial (general)
$2.3M
+7.5%
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 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
$2,155,000
Current use
WAREHOUSE, STORAGE
$2,440,000
Change: +13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,320,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$88 / 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
$36,619
Tax year 2024
Assessed value
$876,910
Assessed 2024
Previous assessed
$876,910
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$175,130
Assessed improvement
$701,780
Land market value
$175,130
Improvement market value
$705,280
Total market value
$880,410
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
Off-Market
Year built
1908
Heating
HOT WATER
Cooling
CENTRAL
Total area
18,257 SF
Lot
0.52 ac (22,458 SF)
Zoning code
C1
APN
1108 00910000
UPID
US73-3300707
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Downingtown, PAZoning C1 · permitted uses
C1 · Downingtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
RESTAURANT Current
WAREHOUSE, STORAGE
INDUSTRIAL (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
1908
Heating
HOT WATER
Cooling
Yes
Lot
0.52 ac
Current owner
From public records · entity-resolved
202 E Lancaster LLC
Entity
Mailing address
11 DONEGAL LN, DOWNINGTOWN, PA 19335-6200
Ownership since
2015
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
Dec 9, 2015
—
202 E Lancaster LLC
202 E Lancaster Ave LLC
Quit Claim Deed
related
—
Oct 8, 2015
$1,177,084
202 E Lancaster Ave LLC
Conordeclan LLC
Grant Deed
—
Jul 1, 2014
—
Declan Mannion
—
Trustees Deed
related
$40,000 · Rowan Energy INC
May 5, 2014
—
Conordeclan LLC
Minquas Fire Company No 2 INC
Correction Deed
related
—
Dec 26, 2012
$1,200,000
Conor Declan LLC
Minquas Fire Company No 2 INC
Deed
$1,500,000 · Milestone Bank
—
—
202 E Lancaster LLC
—
Deed Of Trust
related
$1,800,000 · National Bk/malvern
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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