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Property profile & analytics
OFF-MARKET
Estimated value
$1,230,000
Retail residential properties
97 Main St New Hope, PA 18938-1231
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-5886535
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1850
Total area
3,336 SF
Lot
0.13 ac (5,576 SF)
Zoning code
CC
APN
27-010-099
UPID
US73-5886535
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
-
King Baby Clothing Store Jewelry Store
-
Le Chateau Exotique Ltd Clothing Store Service Establishment
-
4 The Love Of Thingz Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.23M
Owner & transaction history
97 South Main New Hope LLC · 4 yrs held
97 South Main New Hope LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CC · New Hope, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 New Hope submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Hope 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
$1,210,000
ML approach
$1,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.23M
Range $1.11M – $1.35M · ±10% · vs last sale $1.25M (Jun 10 2022)
Last sale anchor
$1.25M
Jun 10 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
$369 / 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
$9,280
Tax year 2024
Assessed value
$60,800
Assessed 2024
Previous assessed
$60,800
+0.0% YoY
Effective rate
15.26%
On assessed value
Assessed land
$21,640
Assessed improvement
$39,160
Land market value
$296,437
Improvement market value
$536,436
Total market value
$832,873
Applied tax rate
27.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1850
Heating
CENTRAL
Cooling
NONE
Stories
2
Units
1
Rooms
7
Bathrooms
2
Total area
3,336 SF
Lot
0.13 ac (5,576 SF)
Zoning code
CC
APN
27-010-099
UPID
US73-5886535
Jurisdiction
BUCKS
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
CC · New Hope, PA
Zoning CC · permitted uses
CC · New Hope, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Hope. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1850
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Rooms
7
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
97 South Main New Hope LLC
Entity
Mailing address
410 BROWNSBURG RD, NEWTOWN, PA 18940-3000
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
Jun 10, 2022
$1,250,000
97 South Main New Hope LLC
Elkey 97 Main LLC
Deed
—
Oct 16, 2017
—
Elkay 97 Main LLC
Elkay 97 Main LLC
Quit Claim Deed
related
$500,000 · American Bk
Jun 8, 2017
$525,100
Elkay 97 Main
Sheriff Of Bucks County|97 S Main Associates LLC
Trustees Deed
related
—
Jan 23, 2006
$1,500,000
97 S Main Associates LLC
Sterling,wayne R & Donna
Grant Deed
$1,215,000 · Royal Bank America
—
—
Wayne R Sterling
—
Deed Of Trust
related
$500,000 · First Service Bank
—
—
Elkay 97 Main LLC
—
Deed Of Trust
related
$500,000 · American Bk
—
—
Wayne R Sterling
—
Deed Of Trust
related
$650,000 · First Service 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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