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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Apartment buildings
300 Cedar Spgs Rd Kennett Square, PA 19348-2239
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US73-2410733
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Total area
45,885 SF
Lot
22.4 ac (975,744 SF)
Zoning code
R2
APN
6002 00350000
UPID
US73-2410733
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.78M
Owner & transaction history
The Walter M Strine 2007 Irrevocabl · 11 yrs held
The Walter M Strine 2007 Irrevocabl
since 2015
4 recorded transactions
Zoning & alternative use
R2 · Kennett Square, PA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$104 / 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
$116,628
Tax year 2024
Assessed value
$2,912,160
Assessed 2024
Previous assessed
$2,912,160
+0.0% YoY
Effective rate
4.00%
On assessed value
Assessed land
$176,790
Assessed improvement
$2,735,370
Land market value
$176,790
Improvement market value
$2,790,680
Total market value
$2,967,470
Applied tax rate
60.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1970
Heating
HOT WATER
Cooling
WINDOW A/C
Buildings
3
Units
52
Total area
45,885 SF
Lot
22.4 ac (975,744 SF)
Zoning code
R2
APN
6002 00350000
UPID
US73-2410733
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Kennett Square, PAZoning 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
Source
code of ordinances
Building & site characteristics
From public records
Year built
1970
Heating
HOT WATER
Cooling
Yes
Buildings
3
Units
52
Lot
22.4 ac
Current owner
From public records · entity-resolved
The Walter M Strine 2007 Irrevocabl
Individual
Mailing address
630 FAIRVIEW RD STE #205, SWARTHMORE, PA 19081-2336
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2015
$1,756,828
The Walter M Strine 2007 Irrevocabl
William B Strine
Deed
—
Apr 3, 2001
—
Walter M Strine
—
Deed Of Trust
related
$1,290,000 · Canada Life Assurance Co
—
—
Walter M Strine
—
Deed Of Trust
related
$3,440,000 · Independence Community Bank
—
—
Strine William B
—
Deed Of Trust
related
$3,465,000 · Sovereign 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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