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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Warehouses
521 Walnut St Kennett Square, PA 19348-3342
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US73-5946330
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1953
Total area
3,568 SF
Lot
2.5 ac (108,900 SF)
Zoning code
I1
APN
0305 00790000
UPID
US73-5946330
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
$560k
Comparable Approach
Comparable
$441k
Blend (final)
Blend
$535k
Owner & transaction history
Scarlett Hill · 20 yrs held
Scarlett Hill
since 2006
2 recorded transactions
Zoning & alternative use
I1 · Kennett Square, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$815,000
+70.7%
Auto repair, garage
$760,000
+59.8%
Office building
$540,000
+12.8%
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%
$610,000
6.5%
$560,000
7%
$520,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$475,000
Current use
COMMERCIAL (GENERAL)
$815,000
Change: +71% · Conversion: Difficult
AUTO REPAIR, GARAGE
$760,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$540,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$150 / 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
$12,457
Tax year 2024
Assessed value
$255,640
Assessed 2024
Previous assessed
$255,640
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$162,500
Assessed improvement
$93,140
Land market value
$162,500
Improvement market value
$93,140
Total market value
$255,640
Applied tax rate
3.0000
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
1953
Heating
HOT WATER
Cooling
NONE
Buildings
4
Total area
3,568 SF
Lot
2.5 ac (108,900 SF)
Zoning code
I1
APN
0305 00790000
UPID
US73-5946330
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Kennett Square, PA
Zoning I1 · permitted uses
I1 · 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
WAREHOUSE, STORAGE Current
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$760,000
OFFICE BUILDING
Est. value
$540,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1953
Heating
HOT WATER
Cooling
Yes
Buildings
4
Lot
2.5 ac
Current owner
From public records · entity-resolved
Scarlett Hill
Individual
Mailing address
PO BOX 14, KENNETT SQUARE, PA 19348-0014
Ownership since
2006
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
Jun 2, 2006
$404,844
Scarlett Hill
M & P Custom Design INC
Grant Deed
—
—
—
Scarlett Hill
—
Deed Of Trust
related
$200,000 · Dnb First NA
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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