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    1254 W CHESTER Pike Havertown, PA 19083

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    Claim this Listing
    New
    For Lease
    $3,600 /Mo

    CommercialLease - HAVERTOWN, PA

    Type:Office
    Property size:
    2,800 SF
    Lot size:
    0.30 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 15 at 10:06 pm

    Property Features for 1254 W CHESTER Pike

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    110
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    2,800 SF
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Central, Forced Air, Hot Water(Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Building materials
    Masonry, Mixed Plumbing

    We can help!

    Listing Contact
    Leonard Tehrani

    Listing agent Leonard Tehrani License #AB069180

    Listing office Empower Real Estate, LLC 111 W Continental Drive, Newark, PA

    Listing date Apr 13, 2026

    MLS# PADE2112490

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Office/Retail Suite Available

    This 2,800 sq. ft. suite is available for lease in a visible and accessible location. Currently configured as a fitness and wellness center, the layout includes multiple weight rooms, massage and treatment rooms, class studios, a private office, a reception area, a private restroom, and a large storage and mechanical room. This layout offers flexibility for a variety of professional or retail uses. The unit has two points of access, including a private entrance with direct suite entry. Signage opportunities are available. The property features a large parking lot with over 100 spaces, and public transportation stops directly in front of the building. Tenants have access to shared amenities, including a waiting area with mailboxes, a conference room, a hospitality room, a shared restroom with a stall shower, and a breakroom. Located within the Philadelphia metro area, the property provides access to Center City Philadelphia, Philadelphia International Airport, and the Main Line. The property is located between Starbucks and McDonald's, with a large parking lot in the rear.
    Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Similar Places Nearby

    • LA Fitness — 403 west chester pike, havertown, pa 19083
    • Body Intensity Personal Training — 1241 West Chester Pike, Havertown, PA 19083
    • Dain Dance Academy (DDA) — 95 South Eagle Road Unit 103 and, 95 S Eagle Rd #104, Havertown, PA 19083
    • Movements In Motion — 17 Mifflin Ave #102, Havertown, PA 19083
    • HeartBreath Movement & Art Studio — 1223 West Chester Pike Second Floor, Havertown, PA 19083

    Map

    City
    Havertown
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -75.31862
    Latitude
    39.97221

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    FAQs

    What type of property is this?
    Fitness center & gym - Spacious suite suitable for office, retail, or fitness uses.
    Where is this fitness center & gym located?
    The property is located at 1254 W CHESTER Pike Havertown, PA.
    What is the lease rate?
    The lease rate is $3,600 /Mo.
    What are key features of this property?
    This property features: Highly visible and accessible location in the Philadelphia metro area with public transportation access directly in front of the building.; Spacious 2,800 sq. ft. suite with flexible layout.; Large parking lot with over 100 spaces.
    (610) 324-1503
    We can help!
    Listing Contact
    Leonard Tehrani
    Real Estate License ID: AB069180
    Learn More
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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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