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Property profile & analytics
FOR SALE
Office buildings
116 S Broad St Kennett Square, PA 19348
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US73-0383475
For Sale
1 / 2
$2,200,000
116 S Broad St, Kennett Square, PA 19348
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
5,388 SF
Lot
0.22 ac (9,450 SF)
Zoning code
C1
APN
0303 01290000
UPID
US73-0383475
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$780k
Owner & transaction history
Gmb 116 South Broad St LLC · 5 yrs held
Gmb 116 South Broad St LLC
since 2020
Last sale
$680,000
6 recorded transactions
Zoning & alternative use
C1 · Kennett Square, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+51.3%
Auto repair, garage
$1.2M
+41.7%
Apartment house (5+ units)
$1.0M
+25.9%
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 Kennett Square submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kennett Square 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
$885,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$810,000
Current use
COMMERCIAL (GENERAL)
$1,230,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,150,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,025,000
Change: +26% · Conversion: Easy
WAREHOUSE, STORAGE
$720,000
Change: -11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$685,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $680k (Dec 28 2020)
Last sale anchor
$680k
Dec 28 2020
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
$145 / 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
$7,222
Tax year 2024
Assessed value
$148,210
Assessed 2024
Previous assessed
$148,210
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$39,120
Assessed improvement
$109,090
Land market value
$39,120
Improvement market value
$113,220
Total market value
$152,340
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1900
Heating
FORCED AIR
Cooling
NONE
Total area
5,388 SF
Lot
0.22 ac (9,450 SF)
Zoning code
C1
APN
0303 01290000
UPID
US73-0383475
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Kennett Square, PA
Zoning C1 · permitted uses
C1 · Kennett Square, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kennett Square. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$810,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$720,000
INDUSTRIAL (GENERAL)
Est. value
$685,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Cooling
Yes
Lot
0.22 ac
Current owner
From public records · entity-resolved
Gmb 116 South Broad St LLC
Entity
Mailing address
326 W CEDAR ST STE #3, KENNETT SQUARE, PA 19348-3275
Ownership since
2020
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
Dec 28, 2020
$680,000
Gmb 116 South Broad St LLC
Lgb 116 Broad Street LLC
Deed
—
Dec 7, 2016
—
Lgb-116 Broad Street LLC
—
Deed
related
$1,012,500 · Bryn Mawr Trust Co
Oct 9, 2008
$286,046
Lgb-116 Broad Street LLC
Larry Bosley
Deed
—
Jan 14, 2002
$250,000
Larry C Bosley
Umbreit,timothy D & Sylvia G
Grant Deed
$330,000 · Christiana Bank & Trust Co
—
—
Larry C Bosley
—
Deed Of Trust
related
$320,000 · Christiana Bank & Trust Co
—
—
Larry C Bosley
—
Deed Of Trust
related
$200,000 · Christiana Bank & Trust Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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