Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    306 Lancaster Ave Wayne, PA 19087-4301

    • Gas stations
    • 2,056 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-5786355
    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

    • Gentle Touch Car Wash / Car Wash
    • bp / Gas Station
    • Wayne Express / Gas Station
    • Radnor highschool / School

    Property Details for 306 Lancaster Ave

    Year built
    1970
    Lot size
    1.04 lot acres
    Property size
    2,056 SF
    Property type
    Gas stations
    APN
    36-03-01683-00
    APU
    36030168300

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.3805
    Latitude
    40.0433
    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
    $30,328
    $1,125,030
    $374,970
    $1,500,000
    -
    $0.00
    $0.00
    $1,500,000

    Comparable in this City

    • Value Estimation
      $365,000
      3,392 SF

      790 Lancaster Ave

      GAS STATION • 3,392 SF
      790 Lancaster Ave, Wayne, PA 19087
      View Details
    • Value Estimation by Request
      1,568 SF

      301 Lancaster Ave

      GAS STATION • 1,568 SF
      301 Lancaster Ave, Wayne, PA 19087-4201
      View Details
    • Value Estimation
      $500,000
      665 SF

      501 Lancaster Ave

      GAS STATION • 665 SF
      501 Lancaster Ave, Wayne, PA 19087-3101
      View Details
    • Value Estimation by Request
      2,286 SF

      302 Lancaster Ave

      GAS STATION • 2,286 SF
      302 Lancaster Ave, Wayne, PA 19087-4301
      View Details
    • Value Estimation by Request

      500 Lancaster Ave

      RESIDENTIAL PARKING GARAGE
      500 Lancaster Ave, Saint Davids, PA 19087-5047
      View Details
    • Value Estimation by Request

      500 Lancaster Ave

      RESIDENTIAL PARKING GARAGE
      500 Lancaster Ave, Saint Davids, PA 19087-5047
      View Details

    Similar Nearby for Sale

    • $700,000
      2,097 SF

      Wayne, PA Mixed-Use Property

      Prime Wayne location, 2,097 SF, $700,000
      234 Conestoga Rd, Wayne, PA 19087
      View Details
    • $675,000
      0.57 Acres

      Mixed-Use Property in Wayne, PA

      Live and work in this versatile Wayne, PA property.
      234 Conestoga Rd, Wayne, PA 19087
      View Details
    • Contact for pricing

      Retail Space in Downtown Wayne

      Prime retail space with storefront and storage in Wayne, PA.
      240 E Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      0.62 Acres

      Wayne Retail Space - Prime Location

      High-traffic retail/office suites available.
      1100 Valley Rd, Wayne, PA 19087
      View Details
    • $700,000
      2,000 SF

      Wayne Mixed-Use Commercial Property

      Live & Work in Prime Wayne Location
      234 Conestoga Rd, Wayne, PA 19087
      View Details
    • $595,000
      9,375 SF

      this property beckons visionary buyers ready to restore and rejuvenate. The seller is motivated\u00e2\u0080\u0094seize this opportunity and present your offer today!""""}"""

      Historic Wayne Church & Parsonage
      203 Highland Ave, Wayne, PA 19087
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      3,000 SF

      Retail Space on Lancaster Avenue

      Retail space available in a high-traffic location.
      745 W Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      11,186 SF

      Redeveloped Retail Space Available

      End-cap retail opportunity in well-trafficked Chesterbrook location.
      500 Chesterbrook Blvd, Chesterbrook, PA 19087
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Devon Village

      Retail space available in affluent Philadelphia suburban community.
      767 W Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      3,126 SF

      Retail and Restaurant Space Available

      Retail/Restaurant space in mixed-use development near transit and parking.
      150 E Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      4,084 SF

      Retail Building in Downtown Wayne

      Retail building with redevelopment potential in a prime location.
      218 E Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      5,650 SF

      Main Line Retail Opportunity

      Retail space available on Lancaster Avenue with high visibility.
      303 W Lancaster Ave, Wayne, PA 19087
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    306 Lancaster Ave
    Wayne, PA 19087-4301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.