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Property profile & analytics
OFF-MARKET
Estimated value
$3,265,000
Motels
323 Kennett Pike Chadds Ford, PA 19317
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US73-2623940
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1990
Total area
34,614 SF
Lot
6.2 ac (270,072 SF)
Zoning code
C1
APN
6205 00350000
UPID
US73-2623940
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
-
Inn At Mendenhall, WorldHotels Crafted Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$3.27M
Owner & transaction history
Mendenhall Management INC · 7 yrs held
Mendenhall Management INC
since 2019
3 recorded transactions
Zoning & alternative use
C1 · Chadds Ford, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.3M
+258.3%
Restaurant
$3.4M
+129.6%
Auto repair, garage
$3.3M
+120.2%
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 Chadds Ford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chadds Ford 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
OFFICE BUILDING
$5,305,000
Change: +258% · Conversion: Difficult
RESTAURANT
$3,400,000
Change: +130% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,260,000
Change: +120% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,215,000
Change: +117% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,980,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$3.27M
Range $2.94M – $3.59M · ±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
$94 / 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
$145,714
Tax year 2024
Assessed value
$3,573,300
Assessed 2024
Previous assessed
$3,573,300
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$184,000
Assessed improvement
$3,389,300
Land market value
$184,000
Improvement market value
$3,492,290
Total market value
$3,676,290
Applied tax rate
62.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Units
48
Total area
34,614 SF
Lot
6.2 ac (270,072 SF)
Zoning code
C1
APN
6205 00350000
UPID
US73-2623940
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Chadds Ford, PA
Zoning C1 · permitted uses
C1 · Chadds Ford, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chadds Ford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$5.3M
RESTAURANT
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.0M
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1990
Heating
FORCED AIR
Cooling
Yes
Buildings
4
Units
48
Lot
6.2 ac
Current owner
From public records · entity-resolved
Mendenhall Management INC
Entity
Mailing address
PO BOX 607, CONCORDVILLE, PA 19331-0607
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2019
$5,994,570
Mendenhall Management INC
Dorothea Hionis
Special Warranty Deed
$6,500,000 · Midcoast Community Bank
—
—
Alexander Hlonis
—
Deed Of Trust
related
$500,000 · Sovereign Bank
—
—
Hionis
—
Deed Of Trust
related
$7,100,000 · Sovereign 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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