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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Sports & entertainment properties
977 Lancaster Ave Downingtown, PA 19335-3328
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US73-2938695
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1977
Total area
26,270 SF
Lot
0.89 ac (38,901 SF)
Zoning code
OC2
APN
4002 007101E0
UPID
US73-2938695
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
-
Palace Bowling & Entertainment Center Bowling Alley
-
Skip's Pro Shop (Bike/Boat/Book/etc) Store Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$970k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.11M
Owner & transaction history
Mg Palace LP · 10 yrs held
Mg Palace LP
since 2016
6 recorded transactions
Zoning & alternative use
OC2 · Downingtown, 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 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
$970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10%
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
$42 / 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
$30,603
Tax year 2024
Assessed value
$865,480
Assessed 2024
Previous assessed
$865,480
+0.0% YoY
Effective rate
3.54%
On assessed value
Assessed land
$171,150
Assessed improvement
$694,330
Land market value
$171,150
Improvement market value
$694,330
Total market value
$865,480
Applied tax rate
40.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Cooling
CENTRAL
Units
40
Total area
26,270 SF
Lot
0.89 ac (38,901 SF)
Zoning code
OC2
APN
4002 007101E0
UPID
US73-2938695
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
OC2 · Downingtown, PA
Zoning OC2 · permitted uses
OC2 · Downingtown, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Downingtown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Heating
FORCED AIR
Cooling
Yes
Units
40
Lot
0.89 ac
Current owner
From public records · entity-resolved
Mg Palace LP
Entity
Mailing address
120 E LANCASTER AVE #101, ARDMORE, PA 19003-3209
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2016
—
Mg Palace LP
Sheriff Of Chester County|positive Dining Experien
Trustees Deed
related
—
—
—
Jgdg LLC
—
Deed Of Trust
related
$1,000,000 · Madison Bank
—
—
Jgdg LLC
—
Deed Of Trust
related
$3,400,000 · Mid Penn Bank
—
—
Jgdg LLC
—
Deed Of Trust
related
$2,625,000 · Stonebridge Bank
—
—
Jgdg LLC
—
Deed Of Trust
related
$600,000 · Stonebridge Bank
—
—
Jgdg LLC
—
Deed Of Trust
related
$1,000,000 · Bancorp 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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