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    966 Baltimore Pike Kennett Square, PA 19348-1800
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    Property profile & analytics

    966 Baltimore Pike, Kennett Square, PA 19348-1800

    View on Map
    • Industrial properties
    • 4,886 SF
    • 0.82 lot acres
    Off-Market
    Property ID
    US73-2560962
    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.
    Value Estimations
    $1,035,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 966 Baltimore Pike

    Year built
    1929
    Lot size
    0.82 lot acres
    Zone code
    MU
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    6106 01180000
    APU
    610601180000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 6, 2019 — P Randall Eckman Dds LLC — Grant Deed · related $1.4M · Meridian Bk
    Feb 13, 2013 — P Randall Eckman Dds LLC — Deed Of Trust · related $1.5M · M & T Bank
    Mar 3, 2004 $535,000 P Randall Eckman Dds LLC Kintigh,lauretta M Grant Deed $428k · Gmac Mortgage Corp
    Mar 8, 2001 $400,000 Lauretta M Kintigh Atkins,charles W & M R Grant Deed $250k · Peoples Bank Oxford
    — — P Randall Eckman Dds LLC — Deed Of Trust · related $440k · Meridian Bk
    — — P Randall Eckman Dds LLC — Deed Of Trust · related $600k · M & T Bank
    — — P Randall Eckman Dds LLC — Deed Of Trust · related $600k · Mbna America (delaware) NA
    — — P R Eckman — Deed Of Trust · related $390k · Wachovia Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,150,000
      7%
      $1,070,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $836,000
      Market price range: $285k - $836k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,115,000
      Current use
      AUTO REPAIR, GARAGE
      $1,045,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennett Square
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.6713
    Latitude
    39.8668
    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
    $11,324
    $54,840
    $232,130
    $286,970
    -
    $54,840
    $232,130
    $286,970

    Comparable in this City

    • Value Estimation
      $710,000
      3,042 SF

      229 Garfield St

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      229 Garfield St, Kennett Square, PA 19348-2803
      View Details
    • Value Estimation
      $1,195,000
      6,934 SF

      808 Wollaston Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      808 Wollaston Rd, Kennett Square, PA 19348-1479
      View Details
    • Value Estimation
      $510,000
      3,375 SF

      719 Baltimore Pike

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      719 Baltimore Pike, Kennett Square, PA 19348-2414
      View Details
    • Value Estimation by Request
      1,210 SF

      525 Rosedale Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      525 Rosedale Rd, Kennett Square, PA 19348-2440
      View Details
    • Value Estimation
      $505,000
      3,089 SF

      25 Jackson St

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      25 Jackson St, Kennett Square, PA 19348-1484
      View Details
    • Value Estimation by Request
      1,408 SF

      1472 Embreeville Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      1472 Embreeville Rd, Kennett Square, PA 19348-1483
      View Details

    Similar Nearby for Sale

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      2,792 SF

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      Income Producing Buildings For Sale

      Four income-producing buildings on 0.51 acres near downtown.
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    • $679,000
      7.02 Acres

      Land in Unionville Chadds Ford

      7.02 acres to build your dream home.
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      Redevelopment Opportunity in Kennett Square

      0.42 acre signalized corner property zoned C-2.
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    Similar Nearby for Lease

    • $14 SF/Yr
      10,498 SF

      Kennett Square Retail/Office/Warehouse Space

      Versatile space in Kennett Square, suitable for various businesses.
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      View Details
    • Contact for pricing
      9,800 SF

      Flex Warehouse Space Available

      Flex/warehouse space for lease with loading docks and drive-in-doors.
      210 Gale Ln, Kennett Square, PA 19348
      View Details
    • Contact for pricing
      20,000 SF

      Retail/Office/Medical Build-to-Suit Opportunity

      Up to 20,000 SF available for retail, office, or medical.
      804 E Baltimore Pike, Kennett Square, PA 19348
      View Details
    • Contact for pricing
      13,705 SF

      Mixed-Use Development Retail Space

      Retail and office spaces available in new mixed-use development.
      660 E Cypress St, Kennett Square, PA 19348
      View Details
    • New
      $25 SF/Yr

      Professional Office Suite in Business Center

      A professional office suite with reception area finishes, natural light, and tenant-controlled HVAC within a triple-net lease.
      400 Old Forge Ln, Kennett Square, PA 19348
      View Details
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    Kennett Square, PA 19348-1800
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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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