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Property profile & analytics
FOR LEASE
Office buildings
600 S Broad St Kennett Square, PA 19348
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US73-2887673
For Lease
1 / 46
$6,390,000
600 S Broad St, Kennett Square, PA 19348
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
56,971 SF
Lot
3.24 ac (141,352 SF)
Zoning code
I1
APN
0305 00940000
UPID
US73-2887673
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
$7.45M
Blend (final)
Blend
$6.39M
Owner & transaction history
Borough Of Kennett Square · 4 yrs held
Borough Of Kennett Square
since 2021
6 recorded transactions
Zoning & alternative use
I1 · Kennett Square, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,590,000
Current use
WAREHOUSE, STORAGE
$7,615,000
Change: -11% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,240,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$6.39M
Range $5.75M – $7.03M · ±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
$112 / 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
$83,071
Tax year 2024
Assessed value
$1,704,780
Assessed 2024
Previous assessed
$1,704,780
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$162,990
Assessed improvement
$1,541,790
Land market value
$162,990
Improvement market value
$1,673,870
Total market value
$1,836,860
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1982
Heating
HOT WATER
Cooling
CENTRAL
Buildings
3
Total area
56,971 SF
Lot
3.24 ac (141,352 SF)
Zoning code
I1
APN
0305 00940000
UPID
US73-2887673
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
OFFICE BUILDING Current
Est. value
$8.6M
WAREHOUSE, STORAGE
Est. value
$7.6M
INDUSTRIAL (GENERAL)
Est. value
$7.2M
OFFICE BUILDING Current
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
1982
Heating
HOT WATER
Cooling
Yes
Buildings
3
Lot
3.24 ac
Current owner
From public records · entity-resolved
Borough Of Kennett Square
Individual
Mailing address
600 S BROAD ST #110, KENNETT SQUARE, PA 19348-3382
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$8,382,014
Borough Of Kennett Square
State Street Associates LP
Deed
—
Apr 11, 2018
—
State Street Associates LP
—
Grant Deed
related
$52,000,000 · Midcap Financial Trust (ct)
Aug 1, 2016
—
State Street Associates LP
—
Deed
related
$520,000,000 · Healthcare Financial Solutions LLC Healthcare Financial Solutions LLC
Aug 14, 2007
—
State Street Associates
—
Deed Of Trust
related
$1,500,000,000 · General Electric Capital Corp
—
—
State Street Associates LP
—
Deed Of Trust
related
$120,000,000 · Private Individual
—
—
State Street Associates
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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