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

    345 Scarlet Rd Ste, Unit 2 Kennett Square, PA 19348-2230

    • Super regional malls
    • 81,872 SF
    • 10.66 lot acres
    OFF-MARKET
    Value Estimation
    $9,000,000
    Last Sale
    May 20, 2024
    $8,800,000
    Location Intelligence
    Property ID
    US73-0571965
    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

    • Super regional malls

    Property Details for 345 Scarlet Rd Ste

    Year built
    1978
    Lot size
    10.66 lot acres
    Property size
    81,872 SF
    Zone code
    CI
    Property type
    Super regional malls
    APN
    6002 00970100
    APU
    600200970100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,800,000

    • CAP approach

      CAP return
      Estimation
      6%
      $8,345,000
      6.5%
      $8,275,000
      7%
      $9,560,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,050,000
      Geo Method
      $9,835,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $7,435,000
      Retail
      $7,910,000
      Mixed-Use
      $10,420,000
      Hospitality
      $9,485,000
      Educational
      $8,795,000
      Residential Income
      $8,945,000
      Energy
      $10,250,000
      Income-Based Land
      $10,060,000
      Food Service
      $8,735,000

    Location Insight

    • Map
    • Local Demand
    City
    Kennett Square
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.729
    Latitude
    39.8415
    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
    $134,960
    $1,018,300
    $2,351,613
    $3,369,913
    -
    $1,018,300
    $2,608,863
    $3,627,163

    Comparable in this City

    • Value Estimation by Request
      28,558 SF

      817 Baltimore Pike Ste A

      REGIONAL SHOPPING CENTER, MALL • 28,558 SF
      817 Baltimore Pike Ste A, Kennett Square, PA 19348-1929
      View Details
    • Value Estimation by Request
      127,186 SF

      839 Baltimore Pike

      REGIONAL SHOPPING CENTER, MALL • 127,186 SF
      839 Baltimore Pike, Kennett Square, PA 19348-1801
      View Details
    • Value Estimation
      $1,095,000
      54,464 SF

      345 Scarlet Rd Ste, Unit 17

      REGIONAL SHOPPING CENTER, MALL • 54,464 SF
      345 Scarlet Rd Ste, Kennett Square, PA 19348-2230
      View Details
    • Value Estimation by Request
      46,556 SF

      826 Baltimore Pikef

      REGIONAL SHOPPING CENTER, MALL • 46,556 SF
      826 Baltimore Pikef, Kennett Square, PA 19348-1870
      View Details
    • Value Estimation by Request
      19,275 SF

      739 Cypress St

      REGIONAL SHOPPING CENTER, MALL • 19,275 SF
      739 Cypress St, Kennett Square, PA 19348-2474
      View Details
    • Value Estimation by Request
      22,800 SF

      747 Cypress St

      REGIONAL SHOPPING CENTER, MALL • 22,800 SF
      747 Cypress St, Kennett Square, PA 19348-2463
      View Details

    Similar Nearby for Sale

    • $7,000,000
      15,573 SF

      Retail Property in Kennett Square

      Leased retail property with long-term tenants in prime location.
      905 E Baltimore Pike, Kennett Square, PA 19348
      View Details
    • $1,900,000
      7,000 SF

      Restaurant Building with Liquor License

      Three-story commercial building with restaurant, office, and possible apartment.
      108 W State St, Kennett Square, PA 19348
      View Details
    • $585,000
      2,600 SF

      Free Standing Building in Kennett

      Highly visible 2,600 SF building with tenant in place.
      315 W State St, Kennett Square, PA 19348
      View Details
    • $549,900

      Magnolia Place Townhouse in Kennett

      Townhouse with 3 bedrooms, hardwood floors, and outdoor spaces.
      636 D St, Kennett Square, PA 19348
      View Details
    • Contact for pricing
      64,921 SF

      Kennett Square Borough Hall Complex

      Office buildings near Kennett Square Historic District and Route 1.
      600 S Broad St, Kennett Square, PA 19348
      View Details
    • Contact for pricing
      24 SF

      Prime Development Site in Kennett

      Large-scale development site in booming Kennett Square, Pennsylvania.
      400/410 Lafayette St, Kennett Square, PA 19348
      View Details

    Similar Nearby for Lease

    • $4,300 /Mo
      42,253 SF

      Retail Space in Kennett Square

      Prime retail space in a bustling neighborhood shopping center.
      625 E Cypress St, Kennett Square, PA 19348
      View Details
    • $14 SF/Yr
      10,454 SF

      Kennett Square Retail/Office/Warehouse Space

      Retail/office/warehouse space in the heart of Kennett Square Boro.
      109 Broad St S, Kennett Square, PA 19348
      View Details
    • $3,000 /Mo

      Downtown Kennett Square Storefront

      Prime retail space in vibrant downtown Kennett Square.
      126 S Union St, Kennett Square, PA 19348
      View Details
    • $4,500 /Mo
      32,234 SF

      Kennett Square Former Bank Building

      Prime commercial space with drive-thru in Kennett Borough.
      313 W Cypress St, Kennett Square, PA 19348
      View Details
    • Contact for pricing
      20,000 SF

      Retail/Office/Medical Build-to-Suit Opportunity

      Up to 20,000 SF available for retail, office, or medical.
      804 E Baltimore Pike, Kennett Square, PA 19348
      View Details
    • $25 SF/Yr
      13,705 SF

      Mixed-Use Development Retail Space

      Retail and office spaces available in new mixed-use development.
      660 E Cypress St, Kennett Square, PA 19348
      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.
    345 Scarlet Rd Ste, Unit 2
    Kennett Square, PA 19348-2230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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.