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Property profile & analytics
OFF-MARKET
Turn key restaurants
215 Lancaster Ave Downingtown, PA 19335-2680
Entity Owned
8-yr Hold
Free & Clear
Property ID
US73-0276890
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1905
Total area
3,344 SF
Lot
0.08 ac (3,523 SF)
Zoning code
R4
APN
1107 04100000
UPID
US73-0276890
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
-
Dark Shadows Tattoo Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dtown Properties LLC · 8 yrs held
Dtown Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
R4 · Downingtown, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,428
Tax year 2024
Assessed value
$82,100
Assessed 2024
Previous assessed
$82,100
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$29,750
Assessed improvement
$52,350
Land market value
$29,750
Improvement market value
$52,950
Total market value
$82,700
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
1905
Heating
ELECTRIC
Cooling
WINDOW A/C
Total area
3,344 SF
Lot
0.08 ac (3,523 SF)
Zoning code
R4
APN
1107 04100000
UPID
US73-0276890
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R4 · Downingtown, PAZoning R4 · permitted uses
R4 · Downingtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1905
Heating
ELECTRIC
Cooling
Yes
Lot
0.08 ac
Current owner
From public records · entity-resolved
Dtown Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
300 NATIONAL RD STE #300, EXTON, PA 19341-2600
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2018
—
Dtown Properties LLC
—
Deed
related
$472,500 · Fulton Bk NA
Aug 24, 2017
$165,000
Dtown Properties LLC
Chennisi Richard A
Grant Deed
—
Dec 11, 2007
$192,000
Richard A Chennisi
Disantis,mark F & Maria A
Grant Deed
—
Feb 6, 2003
$115,000
Mark F Disantis
Mckeon,michael F
Grant Deed
$65,000 · First National Bank Chester
—
—
Richard A Chennisi
—
Deed Of Trust
related
$140,000 · National Bk/malvern
—
—
Michael F Mckeon
—
Deed Of Trust
related
$30,000 · First National Bank W Chester
—
—
Michael F Mckeon
—
Deed Of Trust
related
$33,000 · John P Voge
—
—
Dtown Properties LLC
—
Deed Of Trust
related
$472,500 · Fulton Bk NA
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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