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    Property profile & analytics

    512 Lancaster Ave Wayne, PA 19087-3122

    • Office Properties & Spaces
    • 3,546 SF
    OFF-MARKET
    Value Estimation
    $570,000
    Last Sale
    Feb 13, 2020
    $645,000
    Location Intelligence
    Property ID
    US73-3051984
    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

    • Strafford Dental / Doctor
    • Freonie / Beauty Salon
    • Stephen DiOrio - State Farm Insurance Agent / Health Insurance Agency / Home Insurance Agency
    • Prime Sites Realty, LLC / Real Estate Agency / Consultant
    • Equipt, LLC / Consultant

    Property Details for 512 Lancaster Ave

    Year built
    1960
    Property size
    3,546 SF
    Property type
    Office Properties & Spaces
    APN
    36-06-03626-02
    APU
    36060362602

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $525,000

    • CAP approach

      CAP return
      Estimation
      6%
      $625,000
      6.5%
      $690,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $690,000
      Geo Method
      $630,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $625,000
      Retail
      $720,000
      Mixed-Use
      $595,000
      Hospitality
      $720,000
      Educational
      $735,000
      Residential Income
      $580,000
      Energy
      $645,000
      Income-Based Land
      $680,000
      Food Service
      $780,000

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.4025
    Latitude
    40.0444
    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
    $11,524
    $63,830
    $506,170
    $570,000
    -
    $0.00
    $0.00
    $570,000

    Comparable in this City

    • Value Estimation by Request
      32,800 SF

      485/487/489 Devon Park Dr

      Office space • 32,800 SF
      0 485/487/489 Devon Park Dr, Wayne, PA 19087
      View Details
    • Value Estimation by Request
      143,781 SF

      725 Chesterbrook Blvd, Unit 1A

      CONDOMINIUM OFFICES • 143,781 SF
      725 Chesterbrook Blvd, Chesterbrook, PA 19087-5637
      View Details
    • Value Estimation by Request
      11,480 SF

      860 Swedesford Rd, Unit 2

      CONDOMINIUM OFFICES • 11,480 SF
      860 Swedesford Rd, Wayne, PA 19087-2130
      View Details
    • Value Estimation
      $1,335,000
      5,355 SF

      950 Vly Rd, Unit 3103

      CONDOMINIUM OFFICES • 5,355 SF
      950 Vly Rd, Wayne, PA 19087-1824
      View Details
    • Value Estimation
      $240,000
      1,196 SF

      150 Swedesford Rd Ste, Unit 102

      CONDOMINIUM OFFICES • 1,196 SF
      150 Swedesford Rd Ste, Wayne, PA 19087-1458
      View Details
    • Value Estimation
      $1,955,000
      10,728 SF

      950 Vly Rd Ste, Unit 2403

      CONDOMINIUM OFFICES • 10,728 SF
      950 Vly Rd Ste, Wayne, PA 19087-1846
      View Details

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      Strategically located office space with amenities and transit access.
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      Prime Office Space in Wayne

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      Wayne Office Space Available

      Office space available for lease in Wayne, Pennsylvania.
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    512 Lancaster Ave
    Wayne, PA 19087-3122
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    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
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