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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Turn key restaurants
3479 Lincoln Hwy Thorndale, PA 19372-1014
Individually Owned
22-yr Hold
Free & Clear
Property ID
US73-0968183
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2004
Total area
5,648 SF
Lot
2.4 ac (104,544 SF)
Zoning code
C2
APN
3904 011006B0
UPID
US73-0968183
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
-
Applebee's Grill + Bar Restaurant
-
R&Z ChmneyService General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$993k
Blend (final)
Blend
$755k
Owner & transaction history
Pad 1 Thorndale · 22 yrs held
Pad 1 Thorndale
since 2004
7 recorded transactions
Zoning & alternative use
C2 · Thorndale, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+80.8%
Apartment house (5+ units)
$1.1M
+60.6%
Office building
$1.1M
+57.3%
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 Thorndale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thorndale 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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$665,000
Current use
AUTO REPAIR, GARAGE
$1,205,000
Change: +81% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,070,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$1,050,000
Change: +57% · Conversion: Moderate
WAREHOUSE, STORAGE
$755,000
Change: +13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$720,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$134 / 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
$47,570
Tax year 2024
Assessed value
$915,200
Assessed 2024
Previous assessed
$915,200
+0.0% YoY
Effective rate
5.20%
On assessed value
Assessed land
$272,090
Assessed improvement
$643,110
Land market value
$272,090
Improvement market value
$738,170
Total market value
$1,010,260
Applied tax rate
39.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2004
Heating
FORCED AIR
Cooling
CENTRAL
Total area
5,648 SF
Lot
2.4 ac (104,544 SF)
Zoning code
C2
APN
3904 011006B0
UPID
US73-0968183
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Thorndale, PA
Zoning C2 · permitted uses
C2 · Thorndale, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thorndale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$755,000
INDUSTRIAL (GENERAL)
Est. value
$720,000
RESTAURANT Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (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
2004
Heating
FORCED AIR
Cooling
Yes
Lot
2.4 ac
Current owner
From public records · entity-resolved
Pad 1 Thorndale
Individual
Free & Clear · 22 yrs held
Mailing address
309 LANCASTER AVEC3, MALVERN, PA 19355-1889
Ownership since
2004
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
May 30, 2017
—
Rose Casual Dining LP
—
Loan Modification
related
$154,000,000 · Bank Of America
Aug 14, 2012
—
Rose Casual Dining LP
—
Deed Of Trust
related
$175,000,000 · Bank Of America
Jul 7, 2008
—
Rose Casual Dining
—
Deed Of Trust
related
$115,000,000 · Bank Of America
Jun 30, 2004
—
Pad 1 Thorndale
Thorndale Center
Quit Claim Deed
related
—
—
—
Thorndale Center LP
—
Loan Modification
related
$2,360,068 · Miscellaneous Ins Co
—
—
Rose Casual Dining
—
Deed Of Trust
related
$2,500,900 · Ge Capital Franchise Finance
—
—
Rose Casual Dining
—
Deed Of Trust
related
—
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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