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

    400 Mulberry St Kennett Square, PA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land suitable for multi-family or senior housing development.

    Type:LAND
    Lot size:
    24.70 Acres
    Added:
    May 21, 2025
    Days on Market:
    344
    Last Refresh:
    Apr 5 at 10:29 pm

    Property Features for 400 Mulberry St

    General Information

    Standard status
    Active
    Lot size
    24.70 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Neil Kilian
    Neil Kilian

    Listing agent Neil Kilian

    Listing office NAI Emory Hill

    Listing date May 21, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Emory Hill

    Overview

    Land in Thriving Community

    This property is located within the Borough of Kennett, a thriving "Main Street" community. It is positioned as a prime location for multi-family or senior housing development. The site is undergoing environmental remediation, which is nearly complete, with "Site Development" planned to encapsulate the final piece.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennett Square
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.7164
    Latitude
    39.8419

    Nearby Similar for Sale

    • $650,000
      2,792 SF

      Mixed-Use Investment in Kennett Square

      Two-unit property with retail/office space and residential apartment.
      107 W STATE Street, KENNETT SQUARE, PA 19348
      View Details
    • $375,000

      Land in Unionville-Chadds Ford School

      2.2 acre lot in Unionville-Chadds Ford School District.
      907 UNIONVILLE WAWASET Road, KENNETT SQUARE, PA 19348
      View Details
    • $450,000

      Residential Land Near Longwood Gardens

      3.9 acre lot near Longwood Gardens, Kennett Square, PA.
      506 WILLOW GLEN Road, KENNETT SQUARE, PA 19348
      View Details
    • $150,000

      1.5 Acre Vacant Building Lot

      Vacant 1.5 acre lot near Kennett Square Borough.
      112 BANCROFT Road, KENNETT SQUARE, PA 19348
      View Details
    • $777,000

      Commercial Office with Private Residence

      High-visibility commercial office with private residence in Kennett Square, PA.
      962 E BALTIMORE Pike, KENNETT SQUARE, PA 19348
      View Details
    • $637,500
      2,500 SF

      ADA Accessible Medical/Office Building

      2,500 SF building ideal for medical or office use.
      616 E Cypress St, Kennett Square, PA
      View Details
    • Contact for pricing
      64,921 SF

      Kennett Square Borough Hall Complex

      Office buildings near Kennett Square Historic District and Route 1.
      600 S Broad St, Kennett Square, PA 19348
      View Details
    • Contact for pricing
      24 SF

      Prime Development Site in Kennett

      Large-scale development site in booming Kennett Square, Pennsylvania.
      400/410 West Mulberry Street & 399 Lafayette Street, Kennett Square, PA 19348
      View Details
    • Contact for pricing

      Redevelopment Opportunity in Kennett Square

      0.42 acre signalized corner property zoned C-2.
      701 W State St, Kennett Square, PA
      View Details
    • Contact for pricing
      2 SF

      Land Gateway to Kennett Square

      2-acre land parcel zoned for diverse commercial uses.
      718 E. Baltimore Avenue, Kennett Square, PA 19348
      View Details
    • $585,000
      2,600 SF

      Free Standing Building in Kennett

      Highly visible 2,600 SF building with tenant in place.
      315 W State St, Kennett Square, PA
      View Details
    • $679,000

      Land in Unionville Chadds Ford

      7.02 acres to build your dream home.
      2039-2035 LENAPE UNIONVILLE RD, KENNETT SQUARE, PA 19348
      View Details

    FAQs

    What type of property is this?
    Land - Land suitable for multi-family or senior housing development.
    Where is this land located?
    The property is located at 400 Mulberry St Kennett Square, PA.
    What are key features of this property?
    This property features: Prime location for multi‑family/senior housing; Town infill/redevelopment opportunity; Located within the Borough of Kennett, a thriving “Main Street” community
    (302) 521-7291 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Neil Kilian
    Neil Kilian
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!