Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    685 Kromer Ave Berwyn, PA 19312

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Berwyn location, 2910 sq ft office space.

    Property Features for 685 Kromer Ave

    General Information

    Property type
    Office properties & Spaces
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1996

    We can help!

    Listing Contact
    Colleen Tashlik

    Listing Agency: Keller Williams Real Estate-Blue Bell Listing Agent: Colleen Tashlik

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This freestanding office building at 685 Kromer Avenue in Berwyn, PA, offers a unique opportunity for businesses seeking a convenient and well-equipped workspace. Situated in downtown Berwyn, this property enjoys exceptional accessibility, being just minutes away from Lancaster Avenue and the Berwyn Train Station, providing easy commutes for employees. The building itself comprises 2,910 square feet spread across two floors, offering ample space for a variety of business needs. The layout includes five large, private offices, ideal for individual executives or teams, and a spacious conference room that can also serve as an additional office. The second floor features a large, open area, providing flexibility for configuring a workspace to suit specific requirements. This area could easily accommodate numerous desks and cubicles, a comfortable lounge, or a dedicated meeting area. Three half-bathrooms are conveniently located throughout the building (two on the first floor and one on the second). Utility and storage closets are also provided for efficient organization. The property sits on a 0.07-acre lot. Currently, the building is furnished with desks, chairs, and other office equipment, which is available for tenant use at no extra cost during the lease term, or can be removed as needed. This turnkey solution presents a compelling opportunity to establish a thriving business in a highly desirable location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Continuum Group Ltd Financial Advisor

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berwyn
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.44315
    Latitude
    40.04922

    Nearby Similar for Sale

    • New
      $650,000
      0.27 Acres

      Land in Berwyn, PA

      Land available for sale in Berwyn, Pennsylvania.
      1058 Lancaster Ave, Berwyn, PA 19312
      View Details
    • $1,300,000

      Turnkey Office Building on Lancaster

      Professional office building in Berwyn, PA, ideal for various firms.
      1273 Lancaster Ave, Berwyn, PA 19312
      View Details
    • Contact for pricing
      86,752 SF

      Retail Space Near King of Prussia

      Retail property with highway visibility, near King of Prussia Mall.
      402 W Swedesford Rd, Berwyn, PA 19312
      View Details
    • $698,000

      Waterview Townhome in Daylesford Lake

      Comfortable townhome with lake views, modern amenities, and convenient location.
      160 Daylesford Blvd, Berwyn, PA 19312
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Berwyn location, 2910 sq ft office space.
    Where is this office property located?
    The property is located at 685 Kromer Ave Berwyn, PA.
    (215) 646-2900
    Request Owner's contact information
    685 Kromer Ave Berwyn, PA 19312
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    685 Kromer Ave
    Berwyn, PA 19312
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    685 Kromer Ave Berwyn, PA 19312
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Colleen Tashlik
    (215) 646-2900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!