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Property profile & analytics
OFF-MARKET
Estimated value
$1,865,000
Flex space
505 School House Rd Kennett Square, PA 19348-1741
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US73-1904311
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Total area
20,400 SF
Lot
4 ac (174,240 SF)
Zoning code
R2
APN
6204 002301A0
UPID
US73-1904311
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
$2.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Donnelly Ents INC · 15 yrs held
Donnelly Ents INC
since 2010
4 recorded transactions
Zoning & alternative use
R2 · Kennett Square, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+18.7%
Warehouse, storage
$2.7M
+5.2%
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%
$2,495,000
6.5%
$2,305,000
7%
$2,140,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,590,000
Current use
OFFICE BUILDING
$3,075,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,725,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.87M
Range $1.68M – $2.05M · ±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
$91 / 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
$33,870
Tax year 2024
Assessed value
$830,580
Assessed 2024
Previous assessed
$830,580
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$144,000
Assessed improvement
$686,580
Land market value
$144,000
Improvement market value
$693,230
Total market value
$837,230
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1978
Heating
YES
Cooling
CENTRAL
Total area
20,400 SF
Lot
4 ac (174,240 SF)
Zoning code
R2
APN
6204 002301A0
UPID
US73-1904311
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
OFFICE BUILDING
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1978
Heating
YES
Cooling
Yes
Lot
4 ac
Current owner
From public records · entity-resolved
Donnelly Ents INC
Entity
Mailing address
PO BOX 364, KENNETT SQUARE, PA 19348-0364
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2016
—
Donnelly Ents INC
—
Deed
related
$1,392,213 · Bryn Mawr Tr
Sep 3, 2010
$1,200,000
Donnelly Ents INC
Lau,james M
Grant Deed
$960,000 · Fulton Bank
—
—
Donnelly Ents INC
—
Deed Of Trust
related
$1,392,213 · Bryn Mawr Tr
—
—
Donnelly Ents INC
—
Deed Of Trust
related
$622,776 · Fulton 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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