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    3070 Mccann Farm Dr Garnet Valley, PA 19060-2131
    Property profile & analytics

    3070 Mccann Farm Dr, Garnet Valley, PA 19060-2131

    View on Map
    • Office Spaces
    • 5,400 SF
    • 1.19 lot acres
    Off-Market
    Last Sale Jan 18, 2022
    $950,000
    Property ID
    US73-1457281
    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.
    Value Estimations
    $950,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BioMatrix Specialty Pharmacy PA / Pharmacy
    • Quantum-Si / Corporate Office
    • CODi Worldwide / Industrial Manufacturer / Production Facility
    • Associated Controls / Big Box & Wholesale Store / Electronics & Wireless Store

    Property Details for 3070 Mccann Farm Dr

    Year built
    2008
    Lot size
    1.19 lot acres
    Property type
    Office Spaces
    APN
    03-00-00296-41
    APU
    3000029641

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 28, 2022 $2,304,000 Codi Realty LLC Coventry Investors Holding LP Deed $3.7M · Fulton Bank NA
    Jul 28, 2022 $612,000 Codi Realty LLC Sydney One LLC Deed $3.7M · Fulton Bank NA
    Jan 18, 2022 $950,000 Oyoung Real Estate Group LLC Quinn Garnet Valley Holding LLC Deed $1.4M · Meridian Bank
    Jan 12, 2021 $14,000 Quinn Garnet Valley Holding Ll Eble & Associates LP Grant Deed · related $1.5M · Berkshire Bk
    Aug 6, 2018 — Coventry Investors Holdings L P — Deed · related $500k · Republic First Bank
    Oct 27, 2016 — Garnet Rx Holdings LP Coventry Investors Holdings LP Grant Deed —
    Mar 18, 2011 — Eble & Associates LP — Deed Of Trust · related $3.1M · Wells Fargo Bank
    Jul 2, 2008 $489,600 Eble & Associates LP Coventry Investors Holdings LP Deed $1M · Wachovia Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $900,000
      ML approach
      $990,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $575,000
      Market price range: $407k - $716k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $640,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garnet Valley
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.4734
    Latitude
    39.8512
    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
    $10,147
    $0.00
    $433,080
    $433,080
    -
    $0.00
    $0.00
    $433,080

    Comparable in this City

    • Value Estimation by Request
      5,400 SF

      3070 Mccann Farm Dr, Unit C-1

      CONDOMINIUM OFFICES
      3070 Mccann Farm Dr, Garnet Valley, PA 19060-2131
      View Details
    • Value Estimation by Request
      5,400 SF

      3070 Mccann Farm Dr, Unit C5

      CONDOMINIUM OFFICES
      3070 Mccann Farm Dr, Garnet Valley, PA 19060-2131
      View Details
    • Value Estimation by Request
      5,400 SF

      3070 Mccann Farm Dr

      CONDOMINIUM OFFICES
      3070 Mccann Farm Dr, Garnet Valley, PA 19060-2131
      View Details
    • Value Estimation by Request
      4,440 SF

      Mccann Farm Dr

      CONDOMINIUM OFFICES
      Mccann Farm Dr, Garnet Valley, PA 19060
      View Details
    • Value Estimation by Request
      4,800 SF

      3055 Mccann Farm Dr, Unit G1

      CONDOMINIUM OFFICES
      3055 Mccann Farm Dr, Garnet Valley, PA 19060-2128
      View Details
    • Value Estimation by Request
      4,560 SF

      3060 Plz Dr Ste, Unit 105

      CONDOMINIUM OFFICES
      3060 Plz Dr Ste, Garnet Valley, PA 19060-2127
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,200 SF

      Garnet Plaza Flex Space

      Class A flex space in Garnet Valley, fully leased.
      3070 Mccann Farm Dr, Garnet Valley, PA 19060
      View Details
    • Contact for pricing
      3,078 SF

      Small Flex Units Available

      Flex units in Garnet, move-in ready, convenient location.
      3060 Plaza Dr, Boothwyn, PA 19060
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    • $1,200,000
      Pending

      Land in Garnet Valley, PA

      9.68 acres of land for sale in Garnet Valley.
      1168 Naamans Creek Rd, Garnet Valley, PA 19060
      View Details
    • $249,900
      0.97 Acres

      Residential Land in Garnet Valley

      One-acre lot in Garnet Valley School District, build your dream home.
      1204 Naamans Creek Rd, Garnet Valley, PA 19060
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Office Space Available

      Brand new office space with open floor plan.
      1440 Conchester Hwy, Garnet Valley, PA 19060
      View Details
    • $14 SF/Yr
      41,820 SF

      Garnet Valley Sports Facility

      Prime 41,820 SF Indoor Recreation Facility
      1451 Conchester Hwy, Garnet Valley, PA 19060
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    • Contact for pricing

      Garnet Valley Industrial Space Available

      24,951 SF industrial space with ample features for rent.
      1515 Garnet Mine Rd, Garnet Valley, PA 19060
      View Details
    • Contact for pricing
      3,153 SF

      Retail Space in Garnet Valley

      Retail space available for lease in Garnet Valley, PA.
      1102 Naamans Creek Rd, Garnet Valley, PA 19060
      View Details
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    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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