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    Property profile & analytics

    40 Main St New Hope, PA 18938-1321

    • Investment properties
    • 1,512 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $1,710,000
    Last Sale
    Sep 17, 2024
    $1,700,000
    Location Intelligence
    Property ID
    US73-0983556
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • New Hope Apparel Co / Clothing Store

    Property Details for 40 Main St

    Year built
    1870
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    1,512 SF
    Zone code
    CC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    27-010-140
    APU
    27010140

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,700,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,770,000
      6.5%
      $1,710,000
      7%
      $1,935,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,690,000
      Geo Method
      $1,860,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,485,000
      Retail
      $1,810,000
      Mixed-Use
      $1,710,000
      Hospitality
      $1,695,000
      Educational
      $1,900,000
      Residential Income
      $1,970,000
      Energy
      $1,550,000
      Income-Based Land
      $1,535,000
      Food Service
      $1,670,000

    Location Insight

    • Map
    • Local Demand
    City
    New Hope
    County
    Bucks
    State
    Pennsylvania
    Longitude
    -74.9509
    Latitude
    40.3633
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,509
    $26,880
    $48,520
    $75,400
    -
    $368,218
    $664,655
    $1,032,873

    Comparable in this City

    • Value Estimation
      $325,000
      2,255 SF

      26 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,255 SF
      26 Main St, New Hope, PA 18938-1315
      View Details
    • Value Estimation
      $570,000
      926 SF

      39 Fry St

      OFFICE/RESIDENTIAL (MIXED USE) • 926 SF
      39 Fry St, New Hope, PA 18938-1336
      View Details
    • Value Estimation
      $1,255,000
      3,151 SF

      15 Fry St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,151 SF
      15 Fry St, New Hope, PA 18938-1351
      View Details
    • Value Estimation
      $80,000
      0.09 Acres

      12 Mechanic St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.09 Acres
      12 Mechanic St, New Hope, PA 18938-1203
      View Details
    • Value Estimation by Request
      5,936 SF

      142 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,936 SF
      142 Main St, New Hope, PA 18938-1288
      View Details
    • Value Estimation
      $655,000
      1,437 SF

      137 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,437 SF
      137 Main St, New Hope, PA 18938-1243
      View Details

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    Similar Nearby for Lease

    • $3,000 /Mo

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      Commercial lease opportunity in a desirable New Hope location.
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      Office space available for rent.
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      Prime Commercial Space in New Hope

      Exceptional commercial rental opportunity in the heart of historic New Hope.
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    40 Main St
    New Hope, PA 18938-1321
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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