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Property profile & analytics
OFF-MARKET
Commercial land
603 Millers Hl Kennett Square, PA 19348-4244
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US73-3049726
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1918
Total area
2,132 SF
Lot
1.5 ac (65,340 SF)
Zoning code
R2
APN
6204 00010000
UPID
US73-3049726
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hreg Kennett Square LLC · 7 yrs held
Hreg Kennett Square LLC
since 2019
5 recorded transactions
Zoning & alternative use
R2 · Kennett Square, PA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,677
Tax year 2024
Assessed value
$90,170
Assessed 2024
Previous assessed
$90,170
+0.0% YoY
Effective rate
4.08%
On assessed value
Assessed land
$90,170
Land market value
$90,170
Total market value
$90,170
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1918
Heating
HOT WATER
Stories
2
Rooms
5
Bathrooms
1
Total area
2,132 SF
Lot
1.5 ac (65,340 SF)
Zoning code
R2
APN
6204 00010000
UPID
US73-3049726
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Kennett Square, PAZoning 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
Source
code of ordinances
Building & site characteristics
From public records
Year built
1918
Heating
HOT WATER
Stories
2
Rooms
5
Bathrooms
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Hreg Kennett Square LLC
Entity
Mailing address
1853 WILLIAM PENN WAY, LANCASTER, PA 17601-6713
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2023
—
Hreg Kennett Square LLC
—
Deed
related
$29,618,000 · Walker & Dunlop LLC
May 3, 2019
—
Hreg Kennett Square LLC
—
Grant Deed
related
$30,180,000 · M&t Bk
Feb 4, 2019
$4,100,000
Hreg Kennett Square LLC
Ravello Properties LP
Grant Deed
—
Sep 16, 2016
—
Ravello Properties LP
Blevins,edwin L & Carol
Grant Deed
—
Sep 9, 2016
$1,400,000
Ravello Properties LLC
Edvin L Blevins
Deed
—
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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