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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Turn key restaurants
217 Main St Parkesburg, PA 19365-1180
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US73-0635115
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1848
Total area
14,737 SF
Lot
0.55 ac (24,100 SF)
Zoning code
R3
APN
0804 00170000
UPID
US73-0635115
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
-
Spring House Spirits Tasting Room Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$670k
Blend (final)
Blend
$575k
Owner & transaction history
Main Street 217-223 · 16 yrs held
Main Street 217-223
since 2009
7 recorded transactions
Zoning & alternative use
R3 · Parkesburg, 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 Parkesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parkesburg 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
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$39 / 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
$16,625
Tax year 2024
Assessed value
$269,090
Assessed 2024
Previous assessed
$269,090
+0.0% YoY
Effective rate
6.18%
On assessed value
Assessed land
$40,580
Assessed improvement
$228,510
Land market value
$40,580
Improvement market value
$228,510
Total market value
$269,090
Applied tax rate
8.0000
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
1848
Heating
YES
Cooling
NONE
Buildings
2
Units
6
Total area
14,737 SF
Lot
0.55 ac (24,100 SF)
Zoning code
R3
APN
0804 00170000
UPID
US73-0635115
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R3 · Parkesburg, PA
Zoning R3 · permitted uses
R3 · Parkesburg, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parkesburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1848
Heating
YES
Cooling
Yes
Buildings
2
Units
6
Lot
0.55 ac
Current owner
From public records · entity-resolved
Main Street 217-223
Individual
Mailing address
48 BOROLINE RD, PARKESBURG, PA 19365-9201
Ownership since
2009
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
May 13, 2025
—
Peach Lane Properties LLC
—
Deed
related
$122,000 · Bank Of Bird In Hand
Sep 23, 2019
—
217-223 Main Street LP
—
Deed
related
$285,000 · Branch Bk&tr
Sep 1, 2009
$377,000
Main Street 217-223
Hery,jeffrey S & Diane S
Grant Deed
$404,000 · Coatesville Savings Bank
—
—
217-223 Main Street LP
—
Deed Of Trust
related
$30,000 · Susquehanna Bk
—
—
217-223 Main Street LP
—
Deed Of Trust
related
$285,000 · Branch Bk&tr
—
—
217-223 Main Street LP
—
Deed Of Trust
related
$25,000 · Branch Bk&tr
—
—
217-223 Main Street LP
—
Deed Of Trust
related
$355,000 · Susquehanna Bank
—
—
Jeffrey S Hery
—
Deed Of Trust
related
$336,000 · Blue Ball 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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