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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Other commercial real estate
2590 Riv Rd New Hope, PA 18938-9521
Individually Owned
Free & Clear
Property ID
US73-2351582
Property profile
Verified
Property type
Other commercial real estate
Use group
RESTAURANT
Year built
1900
Total area
3,706 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R2
APN
41-030-001
UPID
US73-2351582
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.19M
Owner & transaction history
Agron Kaloshi
Agron Kaloshi
since 2025
Last sale
$920,000
2 recorded transactions
Zoning & alternative use
R2 · New Hope, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
velopment uses. § 275-24 (Reserved) § 275-25 Prohibited uses near Delaware Canal. § 275-26 Lawful use not otherwise permitted. Article V Zoning District Regulations § 275-27 R1 Low-Density Residential District. § 275-28 R2 Rural Residential District. § 275-29 RB Borough Residential District. § 275-30 RC Multifamily Residential District. § 275-31 CC Central C…
Zone name
Rural Residential
General category
RESIDENTIAL
Zone area
115.72 ac
Top alternative use upside
Commercial (general)
$1.4M
+18.3%
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 New Hope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hope 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
$1,490,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,200,000
Current use
COMMERCIAL (GENERAL)
$1,420,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $920k (Jul 15 2025)
Last sale anchor
$920k
Jul 15 2025
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
$320 / 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
$13,945
Tax year 2024
Assessed value
$85,200
Assessed 2024
Previous assessed
$85,200
+0.0% YoY
Effective rate
16.37%
On assessed value
Assessed land
$15,680
Assessed improvement
$69,520
Land market value
$214,794
Improvement market value
$952,325
Total market value
$1,167,119
Applied tax rate
41.0000
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
Other commercial real estate
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Heating
CENTRAL
Cooling
NONE
Stories
2
Units
25
Total area
3,706 SF
Lot
0.41 ac (17,860 SF)
Zoning code
R2
APN
41-030-001
UPID
US73-2351582
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · New Hope, PAZoning R2 · permitted uses
R2 · New Hope, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
velopment uses. § 275-24 (Reserved) § 275-25 Prohibited uses near Delaware Canal. § 275-26 Lawful use not otherwise permitted. Article V Zoning District Regulations § 275-27 R1 Low-Density Residential District. § 275-28 R2 Rural Residential District. § 275-29 RB Borough Residential District. § 275-30 RC Multifamily Residential District. § 275-31 CC Central Commercial District. § 275-32 HC Highway Commercial District. § 275-33 SC Shopping
Zone name
Rural Residential
General category
RESIDENTIAL
Zone area
115.72 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT Current
COMMERCIAL (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
1900
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
25
Lot
0.41 ac
Current owner
From public records · entity-resolved
Agron Kaloshi
Individual
Free & Clear · 0 yrs held
Mailing address
2980 RIV RD, NEW HOPE, PA 18938-9529
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
$920,000
Agron Kaloshi
Mark Worth
Deed
—
Nov 9, 2021
$1,300,000
Mark Worth
Henry Kane
Deed
—
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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