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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Sports & entertainment properties
199 Locust Ln Kennett Square, PA 19348-1717
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-1249687
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1988
Total area
8,000 SF
Lot
33 ac (1,437,480 SF)
Zoning code
RB
APN
6105 01660000
UPID
US73-1249687
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
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$610k
Owner & transaction history
Sq Golf Kennett · 19 yrs held
Sq Golf Kennett
since 2006
7 recorded transactions
Zoning & alternative use
RB · Kennett Square, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±10%
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
$76 / 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
$20,033
Tax year 2024
Assessed value
$507,660
Assessed 2024
Previous assessed
$507,660
+0.0% YoY
Effective rate
3.95%
On assessed value
Assessed land
$198,000
Assessed improvement
$309,660
Land market value
$198,000
Improvement market value
$494,030
Total market value
$692,030
Applied tax rate
61.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
NONE
Total area
8,000 SF
Lot
33 ac (1,437,480 SF)
Zoning code
RB
APN
6105 01660000
UPID
US73-1249687
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RB · Kennett Square, PA
Zoning RB · permitted uses
RB · 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.
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Lot
33 ac
Current owner
From public records · entity-resolved
Sq Golf Kennett
Individual
Mailing address
100 E LOCUST LN, KENNETT SQUARE, PA 19348-1718
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
The Kennett Square Golf And Country
—
Deed
related
$500,000 · Franklin Mint FCU
May 26, 2021
—
The Kennett Square Golf And Country
—
Deed
related
$6,000,000 · Franklin Mint FCU
Jan 20, 2017
—
Kenneth Sq Golf & Cntry Club
—
Deed
related
$500,000 · Franklin Mint FCU
Nov 21, 2006
—
Sq Golf Kennett
Kennett Sq Golf & Cntry Club
Quit Claim Deed
$4,234,000 · Fulton Bank
—
—
Kenneth Sq Golf & Cntry Club
—
Deed Of Trust
related
$3,900,000 · Franklin Mint FCU
—
—
Kenneth Sq Golf & Cntry Club
—
Deed Of Trust
related
$500,000 · Franklin Mint FCU
—
—
Square Golf Kennett
—
Deed Of Trust
related
$250,000 · Fulton Bank
—
—
Square Golf Kennett
—
Deed Of Trust
related
$850,000 · Fulton Bank
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.
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