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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Turn key restaurants
623 Millers Hl Kennett Square, PA 19348-2431
Entity Owned
4-yr Hold
Property ID
US73-4018286
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2021
Total area
1,976 SF
Lot
1.15 ac (50,249 SF)
Zoning code
R2
APN
6204 00100000
UPID
US73-4018286
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$908k
Blend (final)
Blend
$1.27M
Owner & transaction history
Cg5 2 LLC · 4 yrs held
Cg5 2 LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
R2 · Kennett Square, PA
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 Kennett Square submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennett Square 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
$1,590,000
ML approach
$1,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.22M (Feb 17 2022)
Last sale anchor
$1.22M
Feb 17 2022
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
$643 / 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
$8,337
Tax year 2024
Assessed value
$204,440
Assessed 2024
Previous assessed
$204,440
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$83,230
Assessed improvement
$121,210
Land market value
$83,230
Improvement market value
$140,700
Total market value
$223,930
Applied tax rate
62.0000
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
2021
Heating
YES
Cooling
CENTRAL
Units
1
Total area
1,976 SF
Lot
1.15 ac (50,249 SF)
Zoning code
R2
APN
6204 00100000
UPID
US73-4018286
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Kennett Square, PAZoning R2 · permitted uses
R2 · Kennett Square, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2021
Heating
YES
Cooling
Yes
Units
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Cg5 2 LLC
Entity
Mailing address
454 MONTGOMERY AVE, MERION STATION, PA 19066-1220
Ownership since
2022
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
Feb 17, 2022
$1,220,000
Cg5 2 LLC
Stanab LP
Deed
$632,000 · Woori America Bank
Sep 25, 2020
—
Stanab LP
—
Deed
related
$750,000 · Bryn Mawr Trust Co
Apr 4, 2019
$71,214
Stanab LP
Ravello Properties LP
Grant Deed
—
Feb 4, 2019
$4,100,000
Hreg Kennett Square LLC
Ravello Properties LP
Grant Deed
—
Sep 16, 2016
—
Ravello Properties LP
Blevins,edwin L & Carol
Grant Deed
—
Sep 9, 2016
$1,400,000
Ravello Properties LLC
Edvin L Blevins
Deed
—
—
—
Edwin L Blevins
—
Deed Of Trust
related
$99,900 · Louis M JR & Patricia A Marson
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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