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Property profile & analytics
OFF-MARKET
Estimated value
$5,570,000
Office buildings
415 Mcfarlan Rd Ste 215 Kennett Square, PA 19348-2454
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US73-0151534
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
46,243 SF
Lot
0.78 ac (34,096 SF)
Zoning code
R2
APN
6204 04000000
UPID
US73-0151534
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
$6.04M
Blend (final)
Blend
$5.57M
Owner & transaction history
Tremont Longwood Assocs LLC · 19 yrs held
Tremont Longwood Assocs LLC
since 2007
3 recorded transactions
Zoning & alternative use
R2 · Kennett Square, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.8M
+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
$6,975,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,780,000
Change: +26% · Conversion: Easy
WAREHOUSE, STORAGE
$6,180,000
Change: -11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,875,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$5.57M
Range $5.01M – $6.13M · ±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
$120 / 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
$92,942
Tax year 2024
Assessed value
$2,279,200
Assessed 2024
Previous assessed
$2,279,200
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$71,440
Assessed improvement
$2,207,760
Land market value
$71,440
Improvement market value
$2,344,960
Total market value
$2,416,400
Applied tax rate
62.0000
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
1990
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
22
Total area
46,243 SF
Lot
0.78 ac (34,096 SF)
Zoning code
R2
APN
6204 04000000
UPID
US73-0151534
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Kennett Square, PA
Zoning 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
Kennett Square. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.8M
WAREHOUSE, STORAGE
Est. value
$6.2M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
OFFICE BUILDING Current
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
1990
Heating
HEAT PUMP
Cooling
Yes
Buildings
22
Lot
0.78 ac
Current owner
From public records · entity-resolved
Tremont Longwood Assocs LLC
Entity
Mailing address
PO BOX 467, NEWTOWN SQUARE, PA 19073-0467
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2014
—
Tremont Longwood Assocs LLC
—
Grant Deed
related
$2,000,000 · Beneficial Mutual Svgs
Apr 3, 2007
$4,300,000
Tremont Longwood Assocs LLC
J & Bb Associates
Grant Deed
$5,100,000 · Dmb2 Investments Partners LP
Feb 25, 2003
$4,350,000
J & Bb Associates LP
Longwood Corporate Ctr South
Grant Deed
$3,200,000 · Artisans 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.
Try Rey
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