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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Commercial real estate
700 Folly Hl Rd Kennett Square, PA 19348-1506
Entity Owned
2-yr Hold
Free & Clear
Property ID
US73-1330625
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1880
Construction
BRICK
Total area
3,356 SF
Lot
7.4 ac (322,344 SF)
Zoning code
RB
APN
6106 00410000
UPID
US73-1330625
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
$1.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.60M
Owner & transaction history
Longwood Gardens INC · 2 yrs held
Longwood Gardens INC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
RB · 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
$1,750,000
ML approach
$1,930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.59M (Oct 5 2023)
Last sale anchor
$1.59M
Oct 5 2023
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
$475 / 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
$15,071
Tax year 2024
Assessed value
$381,920
Assessed 2024
Previous assessed
$381,920
+0.0% YoY
Effective rate
3.95%
On assessed value
Assessed land
$81,380
Assessed improvement
$300,540
Land market value
$81,380
Improvement market value
$478,850
Total market value
$560,230
Applied tax rate
61.0000
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1880
Construction
BRICK
Heating
HOT WATER
Stories
2
Rooms
9
Bathrooms
3
Total area
3,356 SF
Lot
7.4 ac (322,344 SF)
Zoning code
RB
APN
6106 00410000
UPID
US73-1330625
Jurisdiction
CHESTER
Metro division
PHILADELPHIA, PA METROPOLITAN DIVISION
Zoning & alternative use
RB · Kennett Square, PA
Zoning RB · permitted uses
RB · 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.
Building & site characteristics
From public records
Year built
1880
Construction
BRICK
Heating
HOT WATER
Stories
2
Rooms
9
Bathrooms
3
Lot
7.4 ac
Current owner
From public records · entity-resolved
Longwood Gardens INC
Entity
Free & Clear · 2 yrs held
Mailing address
1001 LONGWOOD RD, KENNETT SQUARE, PA 19348-1913
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
$1,591,000
Longwood Gardens INC
Galer Estates LP
Deed
—
Apr 23, 2008
$1,035,000
At Longwood Vineyard
Sowers,harry G & Sherry C
Grant Deed
—
Feb 2, 1998
$260,000
Harry G Sowers
Longwood Gardens INC
Grant Deed
$260,000 · Peoples Bank Oxford
—
—
Harry G Sowers
—
Deed Of Trust
related
$415,000 · Washington Mutual Home Loans
—
—
Harry G Sowers
—
Deed Of Trust
related
$501,600 · Us Airways FCU
—
—
Harry G Sowers
—
Deed Of Trust
related
$150,000 · Bank One NA
—
—
Harry G Sowers
—
Deed Of Trust
related
$565,000 · Citimortgage INC
—
—
Harry G Sowers
—
Deed Of Trust
related
$356,000 · Pnc Mortgage Corp America
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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