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Property profile & analytics
OFF-MARKET
Turn key restaurants
449 Rdg Pike, Lafayette Hill, PA 19444-2020
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US73-0976302
Property summary
AI-generated overview
Prime Lafayette Hill location, this established Italian restaurant, Sorrento's, is offered for sale. Family-owned and operated for over 40 years, this turnkey operation boasts a comfortable 60-seat interior and additional outdoor seating for 48 guests. The 2,000-3,000 square foot building, constructed in 1945 and renovated in 2020, sits on a 26,025 square foot lot with 154 feet of street frontage on Ridge Pike, a high-traffic area with over 15,000 cars passing daily. The ample parking lot features a double entrance and accommodates over 35 vehicles. The property is zoned under a grandfathered B residential permit. The sale includes the business, all equipment, and the fee-simple real estate. Occupancy is available September 9, 2024. This is a single-unit, Class B building with one story. A truly exceptional opportunity to own a well-established, profitable business in a desirable location.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1945
Total area
1,652 SF
Lot
0.6 ac (26,025 SF)
Zoning code
B
APN
65-00-09706-50-7
UPID
US73-0976302
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
-
Sorrento's Italian Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Leonardo Derobertis
Leonardo Derobertis
2 recorded transactions
Zoning & alternative use
B · Lafayette Hill, 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 Lafayette Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette Hill 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)
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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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,395
Tax year 2023
Assessed value
$227,100
Assessed 2024
Previous assessed
$227,100
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$205,340
Assessed improvement
$21,760
Land market value
$205,340
Improvement market value
$21,760
Total market value
$227,100
Applied tax rate
65.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1945
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
1,652 SF
Lot
0.6 ac (26,025 SF)
Zoning code
B
APN
65-00-09706-50-7
UPID
US73-0976302
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
B · Lafayette Hill, PA
Zoning B · permitted uses
B · Lafayette Hill, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lafayette Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Heating
HOT WATER
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Leonardo Derobertis
Individual
Mailing address
918 FLORENCE LN, PLYMOUTH MEETING, PA 19462-2569
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Leonardo Derobertis
—
Deed Of Trust
related
$25,000 · Beneficial Mutual Savings
—
—
Leonardo Derobertis
—
Deed Of Trust
related
$150,000 · Jefferson Real Estate Co
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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