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Property profile & analytics
OFF-MARKET
Estimated value
$1,760,000
Turn key restaurants
705 Gay St West Chester, PA 19380-4545
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US73-2775447
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Total area
6,170 SF
Lot
0.23 ac (9,933 SF)
Zoning code
C5
APN
5205F00110100
UPID
US73-2775447
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
-
Boyle's Floor and Window Design General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.76M
Owner & transaction history
705 E Gay Street LLC · 2 yrs held
705 E Gay Street LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
C5 · West Chester, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+15.3%
Commercial (general)
$1.8M
+2.9%
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 West Chester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Chester 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
$1,810,000
ML approach
$2,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,785,000
Current use
AUTO REPAIR, GARAGE
$2,060,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,835,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.76M
Range $1.58M – $1.94M · ±10% · vs last sale $1.55M (Jul 18 2023)
Last sale anchor
$1.55M
Jul 18 2023
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
$285 / 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
$8,705
Tax year 2024
Assessed value
$300,310
Assessed 2024
Previous assessed
$300,310
+0.0% YoY
Effective rate
2.90%
On assessed value
Assessed land
$84,720
Assessed improvement
$215,590
Land market value
$84,720
Improvement market value
$222,950
Total market value
$307,670
Applied tax rate
52.0000
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
1964
Heating
YES
Cooling
CENTRAL
Total area
6,170 SF
Lot
0.23 ac (9,933 SF)
Zoning code
C5
APN
5205F00110100
UPID
US73-2775447
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C5 · West Chester, PA
Zoning C5 · permitted uses
C5 · West Chester, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Chester. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RESTAURANT Current
AUTO REPAIR, GARAGE
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
1964
Heating
YES
Cooling
Yes
Lot
0.23 ac
Current owner
From public records · entity-resolved
705 E Gay Street LLC
Entity
Mailing address
10 STUART AVE, DOWNINGTOWN, PA 19335-2525
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2023
$1,550,000
705 E Gay Street LLC
Mkb Properties LLC
Deed
$3,026,000 · Wilmington Savings Fund Society Fsb
Jan 22, 2020
—
Mkb Properties LLC
—
Deed
related
$950,000 · Wilmington Svgs Fund Society F
Feb 14, 2005
$1,150,000
Mkb Properties LLC
Antoinette N De Simone
Other
$825,000 · First Financial Bank
—
—
Mkb Props
—
Deed Of Trust
related
$850,000 · Meridian Bk
—
—
Mkb Props
—
Deed Of Trust
related
$75,000 · Meridian Bk
—
—
Mkb Properties LLC
—
Deed Of Trust
related
$180,000 · Fulton Bank
—
—
Mkb Properties LLC
—
Deed Of Trust
related
$950,000 · Wilmington Svgs Fund Society F
—
—
Mkb Properties LLC
—
Deed Of Trust
related
$924,000 · Fulton Bank
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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