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    Property profile & analytics

    642 Chester Pike Norwood, PA 19074-1257

    • Commercial real estate
    • 1,760 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US73-5751740
    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

    • UpDogg / Hot Dog Stand

    Property Details for 642 Chester Pike

    Year built
    1930
    Lot size
    0.11 lot acres
    Property size
    1,760 SF
    Property type
    Commercial real estate
    APN
    31-00-00098-00
    APU
    31000009800

    Description

    This exceptional investment opportunity presents a 5,000 square foot commercial property ideally suited for a restaurant or similar food service operation. Located on the bustling Chester Pike in Norwood, Pennsylvania, this property boasts high visibility and significant foot traffic, ensuring a strong potential customer base. The building itself sits on a 0.11-acre lot, providing ample space for outdoor seating or potential expansion. A key feature is the inclusion of a residential apartment situated above the commercial space, offering additional income potential or convenient housing for the owner/operator. The asking price for this turnkey operation is $319,000. This presents a rare chance to acquire a well-positioned commercial property with immediate income potential in a thriving area. The existing layout is adaptable to various culinary concepts, and the high-traffic location ensures consistent customer flow. The upstairs apartment provides added value and flexibility, whether used for residential purposes or as additional rental income. This is an excellent opportunity for an experienced chef or restaurateur seeking a profitable venture in a prime location. Serious inquiries are encouraged to explore this unique investment opportunity further. The property is ready for immediate occupancy and offers a strong return on investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $250,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $260,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $195,000
      Mixed-Use
      $220,000
      Hospitality
      $205,000
      Educational
      $215,000
      Residential Income
      $230,000
      Energy
      $225,000
      Income-Based Land
      $225,000
      Food Service
      $230,000

    Location Insight

    • Map
    • Local Demand
    City
    Norwood
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.3024
    Latitude
    39.8851
    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
    $8,798
    $224,690
    $15,750
    $240,440
    -
    $0.00
    $0.00
    $240,440

    Comparable in this City

    • Value Estimation
      $270,000
      1,520 SF

      1 Chester Pike

      COMMERCIAL (GENERAL) • 1,520 SF
      1 Chester Pike, Norwood, PA 19074-1719
      View Details
    • Value Estimation
      $320,000
      2,448 SF

      413 Amosland Rd

      COMMERCIAL (GENERAL) • 2,448 SF
      413 Amosland Rd, Norwood, PA 19074-1504
      View Details
    • Value Estimation
      $80,000
      6,020 SF

      516 Chester Pike, Unit 518

      COMMERCIAL (GENERAL) • 6,020 SF
      516 Chester Pike, Norwood, PA 19074-1217
      View Details
    • Value Estimation
      $220,000
      0.07 Acres

      32 Winona Ave

      COMMERCIAL (GENERAL) • 0.07 Acres
      32 Winona Ave, Norwood, PA 19074-1440
      View Details
    • Value Estimation
      $360,000
      7,872 SF

      525 Chester Pike

      COMMERCIAL (GENERAL) • 7,872 SF
      525 Chester Pike, Norwood, PA 19074-1452
      View Details
    • Value Estimation
      $400,000
      11,412 SF

      520 Chester Pike

      COMMERCIAL (GENERAL) • 11,412 SF
      520 Chester Pike, Norwood, PA 19074-1217
      View Details

    Similar Nearby for Sale

    • $479,000
      2,912 SF

      Victorian Triplex with Oversized Lot

      Charming Victorian triplex with income potential on oversized lot.
      27 Garfield Ave, Norwood, PA 19074
      View Details
    • Contact for pricing

      Prime Norwood Retail Space

      High-Visibility Retail, Ample Parking
      219 Chester Pike, Norwood, PA 19074
      View Details
    • $400,000
      2,000 SF

      Norwood Retail Building - $400K

      Prime Chester Pike Retail Space, High Visibility
      119 Chester Pike, Norwood, PA 19074
      View Details
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    642 Chester Pike
    Norwood, PA 19074-1257
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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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