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    Property profile & analytics

    724 Lancaster Ave Berwyn, PA 19312-1771

    • Commercial real estate
    • 6,132 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Last Sale
    Apr 19, 2023
    Location Intelligence
    Property ID
    US73-2683460
    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

    • Dana's Hair Salon / Beauty Salon

    Property Details for 724 Lancaster Ave

    Year built
    1970
    Lot size
    0.23 lot acres
    Property size
    6,132 SF
    Zone code
    B
    Property type
    Commercial real estate
    APN
    5502L00780000
    APU
    5502L00780000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Berwyn
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.444
    Latitude
    40.0467
    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
    $10,482
    $111,080
    $169,930
    $281,010
    -
    $111,080
    $177,210
    $288,290

    Comparable in this City

    • Value Estimation
      $615,000
      4,509 SF

      720 Lancaster Ave

      COMMERCIAL (GENERAL) • 4,509 SF
      720 Lancaster Ave, Berwyn, PA 19312-1707
      View Details
    • Value Estimation
      $265,000
      0.16 Acres

      10 Waterloo Ave

      COMMERCIAL (GENERAL) • 0.16 Acres
      10 Waterloo Ave, Berwyn, PA 19312-1731
      View Details
    • Value Estimation
      $265,000
      2,826 SF

      15 Brg Ave

      COMMERCIAL (GENERAL) • 2,826 SF
      15 Brg Ave, Berwyn, PA 19312-1715
      View Details
    • Value Estimation
      $275,000
      3,652 SF

      32 Cassatt Ave

      COMMERCIAL (GENERAL) • 3,652 SF
      32 Cassatt Ave, Berwyn, PA 19312-1311
      View Details
    • Value Estimation
      $315,000
      3,663 SF

      1029 Lancaster Ave

      COMMERCIAL (GENERAL) • 3,663 SF
      1029 Lancaster Ave, Berwyn, PA 19312-1242
      View Details
    • Value Estimation
      $335,000
      3,249 SF

      1043 Lancaster Ave

      COMMERCIAL (GENERAL) • 3,249 SF
      1043 Lancaster Ave, Berwyn, PA 19312-1242
      View Details

    Similar Nearby for Sale

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      Renovated Farmhouse on Sprawling Acres

      Luxurious, renovated stone farmhouse on six acres in Easttown Township.
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      BERWYN Office Carriage Home

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    Similar Nearby for Lease

    • $20 SF/Yr
      5,650 SF

      Bronze Plaza Retail Space Available

      Prime Lancaster Ave Retail Space, 2,000-3,750 SF
      511 Old Lancaster Rd, Berwyn, PA 19312
      View Details
    • Contact for pricing
      1,785 SF

      Retail Space in Berwyn, PA

      Retail opportunities available in Philadelphia’s affluent Main Line submarket.
      402-448 W Swedesford Rd, Berwyn, PA 19312
      View Details
    • $25 SF/Yr
      3,000 SF

      Berwyn Office Space for Lease

      Office space available for lease in Berwyn, Pennsylvania.
      1171 Lancaster Ave, Berwyn, PA 19312
      View Details
    • Contact for pricing
      4,550 SF

      Berwyn Park Class A Office

      Class A office space in a picturesque park setting.
      801 Cassatt Rd, Berwyn, PA 19312
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      2,584 SF

      Berwyn Office Space with Amenities

      Office space in Berwyn with fitness center and shuttle.
      1000 Westlakes Dr, Berwyn, PA 19312
      View Details
    • Contact for pricing
      13,185 SF

      Berwyn Office Space for Rent

      Strategically located office space with modern amenities and convenient access.
      1205 Westlakes Dr, Berwyn, PA 19312
      View Details
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    724 Lancaster Ave
    Berwyn, PA 19312-1771
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    Realmo Value Estimation

    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.

    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.

    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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