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Property profile & analytics

685 Kromer Ave Berwyn, PA 19312

  • Office Properties & Spaces
  • 2,772 SF
Value Estimation
Location Intelligence
Property ID
US73-1003993
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

  • Continuum Group Ltd / Financial Planner

Property Details for 685 Kromer Ave

Year built
1940
Property size
2,772 SF
Zone code
R2
Property type
Office Properties & Spaces
APN
4310G01130200
APU
4310G01130200

Description

This freestanding office building at 685 Kromer Avenue in Berwyn, PA, offers a unique opportunity for businesses seeking a convenient and well-equipped workspace. Situated in downtown Berwyn, this property enjoys exceptional accessibility, being just minutes away from Lancaster Avenue and the Berwyn Train Station, providing easy commutes for employees. The building itself comprises 2,910 square feet spread across two floors, offering ample space for a variety of business needs. The layout includes five large, private offices, ideal for individual executives or teams, and a spacious conference room that can also serve as an additional office. The second floor features a large, open area, providing flexibility for configuring a workspace to suit specific requirements. This area could easily accommodate numerous desks and cubicles, a comfortable lounge, or a dedicated meeting area. Three half-bathrooms are conveniently located throughout the building (two on the first floor and one on the second). Utility and storage closets are also provided for efficient organization. The property sits on a 0.07-acre lot. Currently, the building is furnished with desks, chairs, and other office equipment, which is available for tenant use at no extra cost during the lease term, or can be removed as needed. This turnkey solution presents a compelling opportunity to establish a thriving business in a highly desirable location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $295,000
  • CAP approach

    CAP return
    Estimation
    6%
    $340,000
    6.5%
    $320,000
    7%
    $340,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $375,000
    Geo Method
    $385,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $390,000
    Retail
    $330,000
    Mixed-Use
    $335,000
    Hospitality
    $360,000
    Educational
    $390,000
    Residential Income
    $325,000
    Energy
    $315,000
    Income-Based Land
    $370,000
    Food Service
    $300,000

Location Insight

  • Map
  • Local Demand
City
Berwyn
County
Chester
State
Pennsylvania
Longitude
-75.4427
Latitude
40.0496
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
$6,651
$0.00
$188,810
$188,810
-
$0.00
$191,920
$191,920
More about this property
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