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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Turn key restaurants
231 Brg St, Phoenixville, PA 19460-3462
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US73-5978892
Property summary
AI-generated overview
This exceptional mixed-use property, located at 231 Bridge Street in Phoenixville, Pennsylvania, presents a compelling value-add investment opportunity. The 17,500 square foot building, constructed in 1900 and renovated in 2020, boasts a prime location in the heart of downtown, adjacent to the Colonial Theatre. The property comprises a 10,000 square foot ground-floor commercial space, previously occupied by a restaurant and including a valuable liquor license, currently vacant and ready for a new operator. Above, seven residential units offer significant upside potential
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1842
Total area
16,138 SF
Lot
0.15 ac (6,685 SF)
Zoning code
DC
APN
1509 01420000
UPID
US73-5978892
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
-
K.R.L The Roofing Experts Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$995k
Blend (final)
Blend
$760k
Owner & transaction history
231 Bridge Street LLC · 18 yrs held
231 Bridge Street LLC
since 2007
6 recorded transactions
Zoning & alternative use
DC · Phoenixville, 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 Phoenixville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Phoenixville 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
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$47 / 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
$19,757
Tax year 2024
Assessed value
$430,440
Assessed 2024
Previous assessed
$430,440
+0.0% YoY
Effective rate
4.59%
On assessed value
Assessed land
$57,140
Assessed improvement
$373,300
Land market value
$57,140
Improvement market value
$374,000
Total market value
$431,140
Applied tax rate
15.0000
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
1842
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Total area
16,138 SF
Lot
0.15 ac (6,685 SF)
Zoning code
DC
APN
1509 01420000
UPID
US73-5978892
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
DC · Phoenixville, PA
Zoning DC · permitted uses
DC · Phoenixville, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Phoenixville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1842
Heating
HOT WATER
Cooling
Yes
Buildings
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
231 Bridge Street LLC
Entity
Mailing address
231 BRG ST, PHOENIXVILLE, PA 19460-3462
Ownership since
2007
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
Sep 21, 2007
$1,050,000
231 Bridge Street LLC
Frank J Viera JR
Deed
$662,500 · First National Bank Of Chester Coun
Feb 2, 2001
$675,000
Frank J Viera
Fazzini,joseph & Helen
Grant Deed
$364,000 · Phoenixville Federal S&l Assn
—
—
Frank J Viera
—
Deed Of Trust
related
$50,000 · Federal Savings & Loan Assoc
—
—
Frank J Viera
—
Deed Of Trust
related
$154,149 · Phoenixville Fed'l Bank & Trus
—
—
231 Bridge Street LLC
—
Deed Of Trust
related
$1,029,000 · Franklin Mint FCU
—
—
231 Bridge Street LLC
—
Deed Of Trust
related
$547,000 · South Eastern Econ Dev Corp
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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