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

    Lancaster Ave Wayne, PA 19087

    • Community centers
    • 29,992 SF
    • 6.84 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US73-3399364
    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

    • Community centers

    Property Details for Lancaster Ave

    Year built
    1965
    Lot size
    6.84 lot acres
    Property size
    29,992 SF
    Property type
    Community centers
    APN
    36-01-00283-00
    APU
    36010028300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $715,000
      Market price range: $317k - $1.56M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $765,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,150,000
      Change: +50% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.3991
    Latitude
    40.0447
    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
    $72,237
    $1,728,290
    $1,844,540
    $3,572,830
    -
    $0.00
    $0.00
    $3,572,830

    Comparable in this City

    • Value Estimation
      $1,060,000
      159,248 SF

      550 Lancaster Ave

      MINI-MALL • 159,248 SF
      550 Lancaster Ave, Saint Davids, PA 19087-5044
      View Details
    • Value Estimation
      $230,000
      9,695 SF

      503 Lancaster Ave

      MINI-MALL • 9,695 SF
      503 Lancaster Ave, Wayne, PA 19087-3109
      View Details
    • Value Estimation
      $1,045,000
      140,806 SF

      704 Lancaster Ave

      REGIONAL SHOPPING CENTER, MALL • 140,806 SF
      704 Lancaster Ave, Wayne, PA 19087-2515
      View Details
    • Value Estimation by Request
      26,447 SF

      500 Chesterbrook Blvd

      REGIONAL SHOPPING CENTER, MALL • 26,447 SF
      500 Chesterbrook Blvd, Chesterbrook, PA 19087-5603
      View Details
    • Value Estimation
      $1,540,000
      105,877 SF

      125 Swedesford Rd, Unit 115

      REGIONAL SHOPPING CENTER, MALL • 105,877 SF
      125 Swedesford Rd, Wayne, PA 19087-1463
      View Details
    • Value Estimation
      $1,085,000
      29,784 SF

      500 Chesterbrook Blvd Ste, Unit 6

      REGIONAL SHOPPING CENTER, MALL • 29,784 SF
      500 Chesterbrook Blvd Ste, Chesterbrook, PA 19087-5611
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.62 Acres

      Wayne Retail Space - Prime Location

      High-traffic retail/office suites available.
      1100 Valley Rd, Wayne, PA 19087
      View Details
    • $700,000
      2,097 SF

      Wayne, PA Mixed-Use Property

      Prime Wayne location, 2,097 SF, $700,000
      234 Conestoga Rd, Wayne, PA 19087
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    • $675,000
      0.57 Acres

      Mixed-Use Property in Wayne, PA

      Live and work in this versatile Wayne, PA property.
      234 Conestoga Rd, Wayne, PA 19087
      View Details
    • Contact for pricing

      Retail Space in Downtown Wayne

      Prime retail space with storefront and storage in Wayne, PA.
      240 E Lancaster Ave, Wayne, PA 19087
      View Details
    • $259,000
      675 SF

      Move-In Ready Condo in Wayne

      Well-maintained 1-bedroom condo in sought-after Radnor School District.
      500 E Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      10,726 SF

      Chesterbrook Corporate Center Office Building

      Meticulously maintained office building in Chesterbrook Corporate Center.
      965 Chesterbrook Blvd, Chesterbrook, PA 19087
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,465 SF

      Premier Retail Space in Wayne

      Open-air retail destination on Lancaster Avenue in affluent Main Line.
      517 Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Devon Village

      Retail space available in affluent Philadelphia suburban community.
      767 W Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      3,342 SF

      Retail Space in Devon Village

      Retail space available in affluent Philadelphia suburban community.
      841 Lancaster Ave, Strafford, PA 19087
      View Details
    • Contact for pricing
      1,468 SF

      Premier Retail Space in Wayne

      High-end retail space in a sought-after, high-traffic location.
      503 Lancaster Ave, Wayne, PA 19087
      View Details
    • $22 SF/Yr
      3,000 SF

      Retail Space on Lancaster Avenue

      Retail space available in a high-traffic location.
      745 W Lancaster Ave, Wayne, PA 19087
      View Details
    • $42 SF/Yr

      Retail Space in Wayne, PA

      Retail space available for lease in Wayne, Pennsylvania.
      968 County Line Rd, Wayne, PA 19087
      View Details
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    Lancaster Ave
    Wayne, PA 19087
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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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