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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Turn key restaurants
719 Lancaster Ave Downingtown, PA 19335-2719
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US73-1564917
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1966
Total area
9,940 SF
Lot
1.8 ac (78,408 SF)
Zoning code
R4
APN
1105 003915A0
UPID
US73-1564917
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
-
Unlimited Staffing Solutions Employment Agency
-
Miracle-Ear Hearing Aid Center Hearing Aid Store Audiologist
-
2 KB NAILS Nail Salon
-
Rosalie Brett Advanced Esthetics Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.52M
Owner & transaction history
719 Blackhawk Associates LLC · 6 yrs held
719 Blackhawk Associates LLC
since 2020
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
R4 · Downingtown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+80.8%
Apartment house (5+ units)
$1.9M
+60.6%
Office building
$1.9M
+57.3%
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 Downingtown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Downingtown 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,175,000
Current use
AUTO REPAIR, GARAGE
$2,125,000
Change: +81% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,885,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$1,850,000
Change: +57% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,330,000
Change: +13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,265,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.50M (Feb 3 2020)
Last sale anchor
$1.50M
Feb 3 2020
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
$152 / 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
$15,877
Tax year 2024
Assessed value
$380,210
Assessed 2024
Previous assessed
$380,210
+0.0% YoY
Effective rate
4.18%
On assessed value
Assessed land
$194,500
Assessed improvement
$185,710
Land market value
$194,500
Improvement market value
$210,210
Total market value
$404,710
Applied tax rate
11.0000
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
1966
Heating
HOT WATER
Cooling
CENTRAL
Buildings
3
Total area
9,940 SF
Lot
1.8 ac (78,408 SF)
Zoning code
R4
APN
1105 003915A0
UPID
US73-1564917
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R4 · Downingtown, PAZoning R4 · permitted uses
R4 · Downingtown, 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
$1.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
RESTAURANT Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (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
1966
Heating
HOT WATER
Cooling
Yes
Buildings
3
Lot
1.8 ac
Current owner
From public records · entity-resolved
719 Blackhawk Associates LLC
Entity
Mailing address
1518 MEADOWBROOK LN, WEST CHESTER, PA 19380-5918
Ownership since
2020
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
Feb 3, 2020
$1,500,000
719 Blackhawk Associates LLC
Poplar Realty Investment LP
Deed
$1,125,000 · Wilmington Savings Fund Society Fsb
Jul 12, 2006
—
Realty Investments Poplar
Tabas,evelyn R
Grant Deed
—
Nov 28, 2005
$922,185
Investments Poplar
Tabas,evelyn R
Grant Deed
—
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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