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    Property profile & analytics

    223 Lancaster Ave, Unit 225 Wayne, PA 19087-3526

    • Commercial real estate
    • 3,010 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimation
    $3,025,000
    Last Sale
    Jun 20, 2024
    $3,000,000
    Location Intelligence
    Property ID
    US73-2805860
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • sweetgreen / Health Food Restaurant / Vegan Restaurant

    Property Details for 223 Lancaster Ave

    Year built
    1990
    Lot size
    0.49 lot acres
    Property size
    3,010 SF
    Property type
    Commercial real estate
    APN
    36-01-00323-00
    APU
    36010032300

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,930,000
      6.5%
      $3,120,000
      7%
      $2,770,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,155,000
      Geo Method
      $3,175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,390,000
      Retail
      $2,995,000
      Mixed-Use
      $2,825,000
      Hospitality
      $3,130,000
      Educational
      $3,245,000
      Residential Income
      $3,110,000
      Energy
      $2,830,000
      Income-Based Land
      $2,920,000
      Food Service
      $2,695,000

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.3831
    Latitude
    40.0442
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $27,772
    $469,260
    $904,339
    $1,373,599
    -
    $0.00
    $0.00
    $1,373,599

    Comparable in this City

    • Value Estimation by Request
      5,870 SF

      141 Pennsylvania Ave

      COMMERCIAL (GENERAL) • 5,870 SF
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      12,312 SF

      112 Wayne Ave, Unit 116

      COMMERCIAL (GENERAL) • 12,312 SF
      112 Wayne Ave, Wayne, PA 19087-3315
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    • Value Estimation by Request
      6,780 SF

      161 Lancaster Ave

      COMMERCIAL (GENERAL) • 6,780 SF
      161 Lancaster Ave, Wayne, PA 19087-3305
      View Details
    • Value Estimation by Request
      4,185 SF

      118 Lancaster Ave

      COMMERCIAL (GENERAL) • 4,185 SF
      118 Lancaster Ave, Wayne, PA 19087-4002
      View Details
    • Value Estimation
      $330,000
      5,106 SF

      128 Lancaster Ave

      COMMERCIAL (GENERAL) • 5,106 SF
      128 Lancaster Ave, Wayne, PA 19087-4252
      View Details
    • Value Estimation by Request
      5,589 SF

      500 Lancaster Ave

      COMMERCIAL (GENERAL) • 5,589 SF
      500 Lancaster Ave, Wayne, PA 19087-3121
      View Details

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    223 Lancaster Ave, Unit 225
    Wayne, PA 19087-3526
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    Realmo Value Estimation

    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.

    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.

    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
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