Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    313 W Cypress St Kennett Square, PA 19348

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,500 /Mo

    Prime commercial space with drive-thru, vault, and ample parking.

    Lot size:
    0.74 Acres

    Property Features for 313 W Cypress St

    General Information

    Standard status
    Active
    Lot size
    0.74 Acres

    We can help!

    Listing Contact
    Andrew P Crawford
    Source: Exprealty

    Listing Agency: Beiler-Campbell Realtors-Kennett Square Listing Agent: Andrew P Crawford

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

    Learn more

    Overview

    Former Bank Building in Kennett

    This 5,190 square foot former bank building is located in Kennett Borough and offers 4,278 square feet of leasable space suitable for various business uses. The property benefits from high visibility and a traffic count of 13,000 AADT. It features a drive-thru, a secure vault, and an expansive reception area. There are 48 dedicated parking spaces available. Pylon signage is present to maximize branding visibility on a busy corridor. The property is positioned in a highly accessible and desirable location, steps away from the amenities of Kennett Borough.
    Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennett Square
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.7156073
    Latitude
    39.8455856

    Nearby Similar for Lease

    • $25 SF/Yr

      Prime Kennett Square Office Suite

      Professional office suite in a thriving business corridor, ready for occupancy.
      400 Old Forge Ln, Kennett Square, PA 19348
      View Details
    • New
      $18 SF/Yr
      22,651 SF

      Functional Office Suite in Kennett

      Upper-floor office suite in a thriving professional community for lease.
      127 W Street Rd, Kennett Square, PA 19348
      View Details
    • $14 SF/Yr
      10,454 SF

      Kennett Square Retail/Office/Warehouse Space

      Retail/office/warehouse space in the heart of Kennett Square Boro.
      109 Broad St S, Kennett Square, PA 19348
      View Details
    • $25 SF/Yr
      13,705 SF

      Mixed-Use Development Retail Space

      Retail and office spaces available in new mixed-use development.
      660 E Cypress St, Kennett Square, PA 19348
      View Details
    • Contact for pricing
      20,000 SF

      Retail/Office/Medical Build-to-Suit Opportunity

      Up to 20,000 SF available for retail, office, or medical.
      804 E Baltimore Pike, Kennett Square, PA 19348
      View Details
    • $975 /Mo
      600 SF

      Downtown Kennett Square Office Space

      600 SF office space in Kennett Square Borough.
      101 E State St, Kennett Square, PA 19348
      View Details
    • Contact for pricing
      1,188 SF

      Retail Space Near Longwood Gardens

      Retail space available near Longwood Gardens in Kennett Square.
      823-859 E Baltimore Pike, Kennett Square, PA 19348
      View Details
    • Contact for pricing
      9,800 SF

      Flex Warehouse Space Available

      Flex/warehouse space for lease with loading docks and drive-in-doors.
      210 Gale Ln, Kennett Square, PA 19348
      View Details
    • $22 SF/Yr
      22,500 SF

      404 Mcfarlan Rd

      Medical offices • 22,500 SF
      404 Mcfarlan Rd, Kennett Square, PA 19348
      View Details

    FAQs

    What type of property is this?
    Bank - Prime commercial space with drive-thru, vault, and ample parking.
    Where is this bank located?
    The property is located at 313 W Cypress St Kennett Square, PA.
    What are key features of this property?
    This property features: - Prime location in the heart of Kennett Borough with high visibility and 13,000 AADT traffic count.; - 4,278 SF of leasable space suitable for various business uses.; - Ample parking with 48 dedicated spaces.
    (610) 299-0500
    Request Owner's contact information
    313 W Cypress St Kennett Square, PA 19348
    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.
    313 W Cypress St
    Kennett Square, PA 19348
    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
    313 W Cypress St Kennett Square, PA 19348
    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
    Andrew P Crawford
    (610) 299-0500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.