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Property profile & analytics
OFF-MARKET
Estimated value
$9,115,000
Strip malls
302 Brg St New Hope, PA 18938-1432
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-1546808
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Total area
72,744 SF
Lot
9.24 ac (402,494 SF)
Zoning code
SC
APN
27-003-047
UPID
US73-1546808
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
-
CVS Pharmacy
-
CVS Pharmacy Pharmacy
-
Santander Bank ATM Atm
-
Michael Ezdon Pharmacy
-
Christine Goh Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.12M
Owner & transaction history
New Hope Centers · 4 yrs held
New Hope Centers
since 2022
7 recorded transactions
Zoning & alternative use
SC · New Hope, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.1M
+14.4%
Retail stores
$14.4M
+9.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$13,170,000
Current use
OFFICE BUILDING
$15,065,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$14,410,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$9.12M
Range $8.20M – $10.03M · ±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
$125 / 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
$154,776
Tax year 2024
Assessed value
$1,014,000
Assessed 2024
Previous assessed
$1,014,000
+0.0% YoY
Effective rate
15.26%
On assessed value
Assessed land
$141,000
Assessed improvement
$873,000
Land market value
$1,931,498
Improvement market value
$11,958,852
Total market value
$13,890,350
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1980
Heating
CENTRAL
Cooling
YES
Stories
1
Units
1
Total area
72,744 SF
Lot
9.24 ac (402,494 SF)
Zoning code
SC
APN
27-003-047
UPID
US73-1546808
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
SC · New Hope, PA
Zoning SC · permitted uses
SC · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$13.2M
OFFICE BUILDING
Est. value
$15.1M
RETAIL STORES
Est. value
$14.4M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
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
1980
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
9.24 ac
Current owner
From public records · entity-resolved
New Hope Centers
Individual
Mailing address
1000 GERMANTOWN PIKE STE F1, PLYMOUTH MEETING, PA 19462-2486
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2022
—
New Hope Centers
—
Deed
related
$9,000,000 · Genworth Life Insurance Company
May 16, 2022
—
New Hope Centers
Bucks County Industrial Dev Authori
Deed
—
Oct 6, 2014
—
A & P Real Property LLC
—
Loan Modification
related
$270,000,000 · Wells Fargo Bk
Mar 21, 2012
—
A & P Real Property LLC
—
Deed Of Trust
related
$540,000,000 · Jp Morgan Chase Bk
—
—
Hope Centers New
—
Deed Of Trust
related
$4,000,000 · Riversource Life Insurance
—
—
Hope Centers New
—
Deed Of Trust
related
$3,500,000 · Great Northern Insured Annuity
—
—
Hope Centers New
—
Deed Of Trust
related
$300,000 · Individual
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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