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    Professional Office Suite in Business Center Title is generated by Realmo AI

    400 OLD FORGE Lane, Kennett Square, PA 19348

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    For Lease
    $25 SF/Yr $3,200/Mo (calc)

    CommercialLease - KENNETT SQUARE, PA

    Type:Office
    Property size:
    1,536 SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 3:06 pm

    Property Features for 400 OLD FORGE Lane

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    45
    Parking features
    Parking Lot, Special Needs
    Standard status
    Active

    Utilities

    Heating system
    Forced Air, Central
    Cooling system
    Central Air

    Building Details

    Year built
    2010
    Number of units
    9
    Building materials
    Brick, Mixed Plumbing

    We can help!

    Listing Contact
    Andrew P Crawford
    Andrew P Crawford

    Listing agent Andrew P Crawford License #RS275748

    Listing office Beiler-Campbell Realtors-Kennett Square 402 Bayard Road unit: 100, Oxford, PA

    Listing date Jun 3, 2026

    MLS# PACT2127268

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1,536 SF professional office space in the Beiler‑Campbell Business Center
    • Triple‑net lease with escalation clause
    • Tenants have control/after‑hours HVAC for the space
    • Illuminated parking with a 7/1000 parking ratio
    • Wood floors and natural light in the front reception area
    • Property is on 10 professionally landscaped acres along US Route 1 with 35,000+ AADT

    Overview

    This office suite is approximately 1,536 square feet and was most recently used as a professional office. The space features a front reception area with natural light and gleaming wood floors. Tenant-controlled and after-hours HVAC is available, and the building is offered under a triple-net lease structure with an escalation clause.

    The Beiler-Campbell Business Center is situated on 10 professionally landscaped acres along US Route 1, with illuminated parking provided. Parking is described as 7/1,000, supporting on-site convenience for tenants and their visitors. The property is located less than one mile from Longwood Gardens and is positioned between major regional destinations, with the center also noting visibility to traffic counts of 35,000+ AADT.

    For an organization seeking a ready-to-occupy professional office configuration, this suite’s reception-forward layout and tenant-controlled HVAC are intended to support day-to-day operations. Its placement within a larger business center along US Route 1 provides an address designed for tenant accessibility, with surrounding area amenities referenced through Longwood Gardens and multiple regional cultural and dining attractions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennett Square
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.67822226
    Latitude
    39.86117764

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    FAQs

    What type of property is this?
    Office units - A professional office suite with reception area finishes, natural light, and tenant-controlled HVAC within a triple-net lease.
    Where is this office units located?
    The property is located at 400 OLD FORGE Lane Kennett Square, PA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: 1,536 SF professional office space in the Beiler‑Campbell Business Center; Triple‑net lease with escalation clause; Tenants have control/after‑hours HVAC for the space
    (610) 299-0500
    We can help!
    Listing Contact
    Andrew P Crawford
    Andrew P Crawford
    Real Estate License ID: RS275748
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    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.

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    400 OLD FORGE Lane, KENNETT SQUARE, PA 19348
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