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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Turn key restaurants
504 Bethlehem Pike Lower Gwynedd, PA 19002-2641
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5624307
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1860
Total area
6,564 SF
Lot
2.47 ac (107,593 SF)
Zoning code
A
APN
39-00-00175-00-2
UPID
US73-5624307
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
-
Pizza Freak Co.™ Food Processing Plant
-
TRESINI Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$1.08M
Owner & transaction history
Springhouse Meh LLC · 4 yrs held
Springhouse Meh LLC
since 2021
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
A · Lower Gwynedd, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+91.8%
Office building
$1.1M
+16.6%
Medical building
$1.0M
+12.3%
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 Lower Gwynedd submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lower Gwynedd 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
$1,485,000
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$920,000
Current use
RETAIL STORES
$1,765,000
Change: +92% · Conversion: Easy
OFFICE BUILDING
$1,075,000
Change: +17% · Conversion: Moderate
MEDICAL BUILDING
$1,035,000
Change: +12% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$910,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$855,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$800,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.15M (Aug 11 2021)
Last sale anchor
$1.15M
Aug 11 2021
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
$164 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,807
Tax year 2023
Assessed value
$362,900
Assessed 2024
Previous assessed
$362,900
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$278,810
Assessed improvement
$84,090
Land market value
$278,810
Improvement market value
$84,090
Total market value
$362,900
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
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
1860
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
4
Total area
6,564 SF
Lot
2.47 ac (107,593 SF)
Zoning code
A
APN
39-00-00175-00-2
UPID
US73-5624307
Jurisdiction
MONTGOMERY
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
A · Lower Gwynedd, PAZoning A · permitted uses
A · Lower Gwynedd, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$920,000
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$910,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$800,000
RESTAURANT Current
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (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
1860
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
2.47 ac
Current owner
From public records · entity-resolved
Springhouse Meh LLC
Entity
Mailing address
324 WOODS RD, GLENSIDE, PA 19038-1429
Ownership since
2021
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
Aug 11, 2021
$1,150,000
Springhouse Meh LLC
Aurelio Leone
Deed
$1,860,000 · Berkshire Bank
Jun 16, 2008
—
Gwynedd Twp Lower
Leone,aurelio
Grant Deed
related
—
Oct 6, 1998
$450,000
Aurelio Leone
Fusaro,enzo
Grant Deed
$742,500 · Harleysville Nat'l Bank & Trus
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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