Entity Owned Property summary
AI-generated overview
This exceptional 0.82-acre corner retail pad site in West Chester, PA, presents a unique investment opportunity. Located at 623 E Gay St, 19380, in the heart of West Chester Borough, this single-tenant property boasts a C5 zoning designation and is ideally situated near a high concentration of established businesses and West Chester University of Pennsylvania. The site's strategic location ensures high visibility and accessibility, making it perfect for a variety of uses. Nearby businesses include Wawa, Wendy's, McDonald's, Dairy Queen, Jersey Mike's Subs, Rita's Italian Ice, Taco Bell, KFC, F45 Training, AFC Urgent Care, Dunkin', Sherwin-Williams, and AutoZone, among many others. The property's suitability extends to a wide range of retail, restaurant, and service-oriented businesses, including but not limited to fast food establishments, pharmacies, convenience stores, learning centers, dog daycares, banks, and car washes. The availability of a drive-thru option further enhances its appeal to potential tenants. This prime location and versatile zoning make this property an exceptional opportunity for investors seeking a high-traffic, high-visibility location in a thriving community. The property consists of one building on a 0.82-acre lot within Chester County's West Chester submarket.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1972
Total area
3,461 SF
Lot
0.82 ac (35,788 SF)
Zoning code
C5
APN
5205F00030000
UPID
US73-1585480
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$775k
Owner & transaction history
since 2021
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
C5 · West Chester, PA
Top alternative use upside
Auto repair, garage
$1.2M
+15.3%
Commercial (general)
$1.0M
+2.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$775k
Value range
$698k – $853k
±10% around blend
Estimated value / SF
$224 / SF
Confidence
High
10 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$698k
blend $775k
$853k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,461 SF
Lot area
0.82 ac
Year built
1972
APN
5205F00030000
Zoning
C5
Assessed value
$308,180
Annual tax
$8,933
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$851k
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.4 mi away · 2,952 SF
13.7 mi away · 2,624 SF
15.1 mi away · 2,484 SF
15.4 mi away · 4,014 SF
18.8 mi away · 2,520 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$775k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$289
-23%
Submarket 53 sales
$271
-18%
County 269 sales
$216
+4%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $224/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+15%
vs current-use indication
Commercial (general)
Restaurant · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$600k
Move the market yield to see immediate price impact.
Value / SF
$173
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$38k
$756k
$540k
$420k
$42k
$840k
$600k
$467k
$46k
$924k
$660k
$513k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$1.20M
9.9 mi · Nov 2025 · $309/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,933
Tax year 2024
Assessed value
$308,180
Assessed 2024
Previous assessed
$308,180
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$194,600
Assessed improvement
$113,580
Land market value
$194,600
Improvement market value
$126,060
Total market value
$320,660
Applied tax rate
52.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Total area
3,461 SF
Lot
0.82 ac (35,788 SF)
Zoning code
C5
APN
5205F00030000
UPID
US73-1585480
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C5 · West Chester, PAZoning C5 · permitted uses
C5 · West Chester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Cooling
Yes
Lot
0.82 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C5
Jurisdiction
West Chester, PA
Recorded code
C5
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C5 in West Chester, PA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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