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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Investment properties
28 Main St New Hope, PA 18938-1349
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0725193
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1927
Construction
FRAME
Total area
574 SF
Lot
0.24 ac (10,629 SF)
Zoning code
CC
APN
27-010-135
UPID
US73-0725193
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
-
Rinkel Bert Medical Clinic Alternative Medicine Practice
-
vitalitea new hope Medical Clinic Skin Care Clinic
-
new hope Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.11M
Owner & transaction history
Barrett Ventures LLC · 5 yrs held
Barrett Ventures LLC
since 2021
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
CC · New Hope, 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 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
$2,240,000
ML approach
$2,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10% · vs last sale $1.95M (Apr 23 2021)
Last sale anchor
$1.95M
Apr 23 2021
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
$3,667 / 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
$8,731
Tax year 2024
Assessed value
$57,200
Assessed 2024
Previous assessed
$57,200
+0.0% YoY
Effective rate
15.26%
On assessed value
Assessed land
$28,040
Assessed improvement
$29,160
Land market value
$384,108
Improvement market value
$399,450
Total market value
$783,558
Applied tax rate
27.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1927
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Units
2
Rooms
4
Bathrooms
4
Total area
574 SF
Lot
0.24 ac (10,629 SF)
Zoning code
CC
APN
27-010-135
UPID
US73-0725193
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CC · New Hope, PA
Zoning CC · permitted uses
CC · New Hope, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hope. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1927
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
2
Rooms
4
Bathrooms
4
Lot
0.24 ac
Current owner
From public records · entity-resolved
Barrett Ventures LLC
Entity
Mailing address
3 WOODSIDE LN, NEW HOPE, PA 18938-9281
Ownership since
2021
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
Apr 23, 2021
$1,950,000
Barrett Ventures LLC
New Hope Flood House LLC
Deed
$1,100,000 · American Bank
Apr 23, 2021
—
Barrett Venture LLC
—
Deed
related
$1,100,000 · American Bank
Apr 19, 2017
—
New Hope Flood House LLC
—
Deed
related
$695,000 · Bucks Cnty Bk&tr
Jul 17, 2000
$925,000
New Hope Flood House LLC
Mandato/nolan Associates
Grant Deed
$575,000 · Pnc Bank
—
—
New Hope Flood House LLC
—
Deed Of Trust
related
$579,000 · First Niagara Bank
—
—
New Hope Flood House LLC
—
Deed Of Trust
related
$695,000 · Bucks Cnty Bk&tr
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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