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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Office buildings
312 State St Kennett Square, PA 19348-3063
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US73-0985784
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
8,888 SF
Lot
0.44 ac (19,198 SF)
Zoning code
C2
APN
0302 02350000
UPID
US73-0985784
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
$1.64M
Blend (final)
Blend
$1.31M
Owner & transaction history
Gmb 312 West State St LLC · 9 yrs held
Gmb 312 West State St LLC
since 2016
6 recorded transactions
Zoning & alternative use
C2 · Kennett Square, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+51.3%
Auto repair, garage
$1.9M
+41.7%
Apartment house (5+ units)
$1.7M
+25.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,340,000
Current use
COMMERCIAL (GENERAL)
$2,030,000
Change: +51% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,900,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,685,000
Change: +26% · Conversion: Easy
WAREHOUSE, STORAGE
$1,190,000
Change: -11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,130,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$147 / 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
$30,420
Tax year 2024
Assessed value
$624,270
Assessed 2024
Previous assessed
$624,270
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$54,720
Assessed improvement
$569,550
Land market value
$54,720
Improvement market value
$569,550
Total market value
$624,270
Applied tax rate
3.0000
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
1991
Heating
FORCED AIR
Cooling
CENTRAL
Total area
8,888 SF
Lot
0.44 ac (19,198 SF)
Zoning code
C2
APN
0302 02350000
UPID
US73-0985784
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
C2 · Kennett Square, PA
Zoning C2 · permitted uses
C2 · 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
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING Current
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
1991
Heating
FORCED AIR
Cooling
Yes
Lot
0.44 ac
Current owner
From public records · entity-resolved
Gmb 312 West State St LLC
Entity
Mailing address
326 W CEDAR ST STE #3, KENNETT SQUARE, PA 19348-3275
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2017
—
Ballyharra LLC
—
Deed
related
$660,000 · Bryn Mawr Trust Co
Dec 12, 2016
—
Gmb 312 West State St LLC
—
Deed
related
$100,000 · Midcoast Community Bank
Dec 8, 2016
$1,950,000
Gmb 312 West State St LLC
Lgb 312 West State St LLC
Deed
$1,560,000 · Midcoast Community Bank
May 29, 2015
$1,100,000
Lgb 312 West State St LLC
Metal Services LLC
Deed
$1,100,000 · The Beyn Mawr Trust Co
Apr 30, 2014
$675,000
Metal Services LLC
Riegel,scott P & Melissa W
Grant Deed
—
May 8, 1998
$505,000
Charles Court Realty Assoc
Pusey,john W
Grant Deed
$327,387 · Seller
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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