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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    620 Park Way Broomall, PA 19008

    • Warehouses
    • 33,048 SF
    • 1.33 lot acres
    For Lease
    View listing
    Last Sale
    Dec 27, 2022
    $4,500,000
    Value Estimations
    $4,190,000
    Cap Rate Potential
    3.6%
    Warehouses
    Location Intelligence
    Property ID
    US73-2483028
    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

    • Warehouses

    Property Details for 620 Park Way

    Year built
    1972
    Lot size
    1.33 lot acres
    Property size
    33,048 SF
    Property type
    Warehouses
    APN
    25-00-03588-01
    APU
    25000358801

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,260,000
      ML approach
      $4,535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,985,000
      Market price range: $1.41M - $3.99M
      AI Estimate
      $3,259,000
      Market price range: $880k - $3.26M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,920,000
      OFFICE BUILDING
      $3,755,000
      COMMERCIAL (GENERAL)
      $3,175,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Broomall
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.3383
    Latitude
    39.962
    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
    $53,571
    $270,640
    $2,829,360
    $3,100,000
    -
    $0.00
    $0.00
    $3,100,000

    Comparable in this City

    • Value Estimation
      $1,590,000
      13,733 SF

      515 Abbott Dr

      WAREHOUSE, STORAGE • 13,733 SF
      515 Abbott Dr, Broomall, PA 19008-4303
      View Details
    • Value Estimation
      $235,000
      6,000 SF

      590 Abbott Dr

      WAREHOUSE, STORAGE • 6,000 SF
      590 Abbott Dr, Broomall, PA 19008
      View Details
    • Value Estimation
      $320,000
      8,000 SF

      610 Park Way

      WAREHOUSE, STORAGE • 8,000 SF
      610 Park Way, Broomall, PA 19008-4207
      View Details
    • Value Estimation
      $765,000
      39,427 SF

      1000 Sussex Blvd

      WAREHOUSE, STORAGE • 39,427 SF
      1000 Sussex Blvd, Broomall, PA 19008-4326
      View Details
    • Value Estimation
      $270,000
      14,490 SF

      396 Reed Rd

      WAREHOUSE, STORAGE • 14,490 SF
      396 Reed Rd, Broomall, PA 19008-4005
      View Details
    • Value Estimation
      $455,000
      7,200 SF

      888 Sussex Blvd

      WAREHOUSE, STORAGE • 7,200 SF
      888 Sussex Blvd, Broomall, PA 19008-4314
      View Details

    Similar Nearby for Sale

    • $950,000
      3,608 SF

      Turnkey Quadplex in Prime Location

      Upgraded quadplex in Broomall with strong rental demand and growth potential.
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    • $1,300,000

      Broomall Land For Sale

      Land near major routes, shopping, and restaurants.
      650 Park Way, Broomall, PA 19008
      View Details
    • $950,000
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      Turnkey Quadplex in Prime Location

      Upgraded Broomall quadplex with strong rental demand and long-term tenants.
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    • $1,500,000
      29.00 Acres

      25+ Acres of Wooded Land

      Large parcel of wooded ground in Marple Township.
      0-CED Cedar Grove Rd, Broomall, PA 19008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Broomall Flex / Office Space

      8,000 SF flex/office space available for lease.
      620 Park Way, Broomall, PA 19008
      View Details
    • Contact for pricing
      169,665 SF

      Broomall Commons Retail Center

      High-visibility retail space available in Broomall, PA
      2940 Springfield Rd, Broomall, PA 19008
      View Details
    • $2,750,000
      1,666 SF

      Broomall Office Space For Rent

      Office spaces ranging from 610 to 1,666 square feet.
      501 Abbott Dr, Broomall, PA 19008
      View Details
    • $11 SF/Yr
      4,000 SF

      Lawrence Park Center Office Space

      Reasonably priced office space in Lawrence Park Center.
      630 Park Way, Broomall, PA 19008
      View Details
    • $25 SF/Yr
      600 SF

      Broomall Office Space For Rent

      Office space available for lease in Broomall, Pennsylvania.
      2619 W Chester Pike, Broomall, PA 19008
      View Details
    • Contact for pricing

      Land with High Visibility Signage

      Commercial land for lease with high visibility and strong demographics.
      3045 W Chester Pike, Broomall, PA 19008
      View Details
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    620 Park Way
    Broomall, PA 19008
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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