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Property profile & analytics
OFF-MARKET
Estimated value
$2,610,000
Warehouses
431 Mcfarlan Rd Kennett Square, PA 19348-2691
Entity Owned
~
Est. High Equity
Property ID
US73-1535267
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2011
Total area
11,700 SF
Lot
3 ac (130,680 SF)
Zoning code
R2
APN
6204 006701A0
UPID
US73-1535267
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
$1.84M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.61M
Owner & transaction history
Fultonbsh Kspa I LLC
Fultonbsh Kspa I LLC
since 2025
Last sale
$3.5M
2 recorded transactions
Zoning & alternative use
R2 · Kennett Square, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+128.0%
Commercial (general)
$2.7M
+70.7%
Auto repair, garage
$2.5M
+59.8%
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%
$1,995,000
6.5%
$1,840,000
7%
$1,710,000
Alternative Use
Use
Estimation
RESTAURANT
$3,565,000
Change: +128% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,670,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,500,000
Change: +60% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,220,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$1,765,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$2.61M
Range $2.35M – $2.87M · ±10% · vs last sale $3.48M (Jul 23 2025)
Last sale anchor
$3.48M
Jul 23 2025
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
$223 / 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
$54,042
Tax year 2024
Assessed value
$1,325,250
Assessed 2024
Previous assessed
$1,325,250
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$127,500
Assessed improvement
$1,197,750
Land market value
$127,500
Improvement market value
$1,251,990
Total market value
$1,379,490
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2011
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Units
69
Total area
11,700 SF
Lot
3 ac (130,680 SF)
Zoning code
R2
APN
6204 006701A0
UPID
US73-1535267
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
RESTAURANT
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.8M
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2011
Heating
FORCED AIR
Cooling
Yes
Buildings
4
Units
69
Lot
3 ac
Current owner
From public records · entity-resolved
Fultonbsh Kspa I LLC
Entity
Mailing address
PO BOX 30, CHADDS FORD, PA 19317-0030
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2025
$3,476,250
Fultonbsh Kspa I LLC
Albert F George JR
Deed
$3,050,000 · Bank Of Montreal
—
—
Albert F George JR.
—
Deed Of Trust
related
$100,000 · National Penn 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.
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