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Property profile & analytics
OFF-MARKET
Estimated value
$6,405,000
Office buildings
220 Whitehorse Ln Kennett Square, PA 19348-2484
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-1473615
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
32,936 SF
Lot
16.26 ac (708,111 SF)
Zoning code
R2
APN
6204 00680000
UPID
US73-1473615
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
by Request
CAP Approach
CAP
$8.50M
Comparable Approach
Comparable
$6.41M
Blend (final)
Blend
$6.41M
Owner & transaction history
Chatham Financial Corp · 5 yrs held
Chatham Financial Corp
since 2021
7 recorded transactions
Zoning & alternative use
R2 · Kennett Square, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.0M
+102.2%
Commercial (general)
$7.5M
+51.3%
Auto repair, garage
$7.0M
+41.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$9,205,000
6.5%
$8,495,000
7%
$7,890,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,965,000
Current use
RESTAURANT
$10,040,000
Change: +102% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,515,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,035,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,250,000
Change: +26% · Conversion: Easy
WAREHOUSE, STORAGE
$4,405,000
Change: -11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,185,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.41M
Range $5.76M – $7.05M · ±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
$194 / 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
$220,367
Tax year 2024
Assessed value
$5,404,010
Assessed 2024
Previous assessed
$5,404,010
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$244,760
Assessed improvement
$5,159,250
Land market value
$244,760
Improvement market value
$5,583,840
Total market value
$5,828,600
Applied tax rate
62.0000
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
Off-Market
Year built
2006
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
10
Stories
2
Rooms
12
Bathrooms
2
Total area
32,936 SF
Lot
16.26 ac (708,111 SF)
Zoning code
R2
APN
6204 00680000
UPID
US73-1473615
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Kennett Square, PA
Zoning R2 · permitted uses
R2 · 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
$5.0M
RESTAURANT
Est. value
$10.0M
COMMERCIAL (GENERAL)
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$4.4M
INDUSTRIAL (GENERAL)
Est. value
$4.2M
OFFICE BUILDING Current
RESTAURANT
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
10
Rooms
12
Bathrooms
2
Lot
16.26 ac
Current owner
From public records · entity-resolved
Chatham Financial Corp
Entity
Mailing address
235 WHITEHORSE LN, KENNETT SQUARE, PA 19348-2497
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2021
—
Chatham Financial Corp
Chatham Financial Corp
Correction Deed
related
—
Sep 22, 2020
—
Chatham Financial Corp
Chatham Financial Corp
Correction Deed
related
—
Sep 28, 2015
$5,183,070
Chatham Financial Corp
Mcfarland Property LP
Deed
$5,165,808 · M & T Bank
Apr 8, 2015
—
Mcfarland Property LP
Mcfarland Property LP
Quit Claim Deed
related
—
Dec 12, 2005
—
Mcfarland Property
Mcfarland Prop Ltd Ptshp
Quit Claim Deed
related
—
Aug 18, 2005
$1,075,000
Mcfarland Property
Mastrippolito,philip JR & Marguerite
Grant Deed
—
Jan 25, 2005
—
Philip Mastrippolito JR.
—
Trustees Deed
related
$90,000 · National Penn Bank
—
—
Philip Mastrippolito
—
Deed Of Trust
related
$5,000 · First National Bank
—
—
Mcfarland Property LP
—
Deed Of Trust
related
$5,253,363 · M&t Bk
—
—
Mcfarland Property
—
Deed Of Trust
related
$4,196,638 · Wilmington Trust Co
—
—
Mcfarland Property
—
Deed Of Trust
related
$2,237,507 · Wilmington Trust Co
—
—
Marguerite Mastrippolito
—
Deed Of Trust
related
$1,150 · New Castle Country School Efcu
—
—
Philip Mastrippolito
—
Deed Of Trust
related
$135,000 · Peoples Bank Oxford
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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