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    328 Kennett Pike Unit 201 -, Unit 2ND Chadds Ford, PA 19317

    View on Map
    Sponsored
    For Lease
    $500 /Mo

    CommercialLease - CHADDS FORD, PA

    Type:Office
    Property size:
    1,105 SF
    Lot size:
    2.83 Acres
    Days on Market:
    27
    Last Refresh:
    Mar 13 at 10:06 am

    Property Features for 328 Kennett Pike Unit 201 -

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    12
    Parking features
    Parking Lot, Special Needs
    Size
    1,105 SF
    Lot size
    2.83 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Number of units
    1
    Building materials
    Concrete

    We can help!

    Listing Contact
    Wayne C Megill

    Keller Williams Real Estate (610) 399-5100

    Listing agent Wayne C Megill (610) 399-0338 License #RS317705

    Listing date Feb 14, 2026

    MLS# PACT2105936

    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.

    Learn more

    Overview

    Renovated Office Space Available

    This 1105 square foot second-floor professional space, renovated in 2023, is available for single-net lease with CAM included in the rent. It is located in the Mendenhall Station unified neighborhood center near the PA/DE border along Route 52. Mendenhall Station is home to the Mendenhall Post Office, a salon, a gourmet pizzeria, a personal training studio, and several professional and medical offices. The center features ample signage, a large, well-lit surface parking lot, open green space, and landscaping. The bright and open space includes a kitchenette and a bathroom with a shower. The zoning allows for a multitude of uses, accommodating almost any organization. Longer lease terms are negotiable. The tenant is responsible for internet/Wi-Fi/cable, as well as electric, gas, and water usage. The property is located across from the Historic Mendenhall Inn. It is an ideal space for a wellness studio, training space, or open-concept office. MEGILL PROPERTIES is offering a discount to the initial rent rate to support a local business startup or charity. The property sits on a 2.83 acre lot.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Chadds Ford
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.64166
    Latitude
    39.85276

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    FAQs

    What type of property is this?
    Office units - Discounted rate for local business or charity startup.
    Where is this office units located?
    The property is located at 328 Kennett Pike Unit 201 -, Unit 2ND Chadds Ford, PA.
    What is the lease rate?
    The lease rate is $0.05 SF/Yr.
    What are key features of this property?
    This property features: - Significantly discounted initial rent to support business startups or charities.; - Recently renovated in 2023, offering a modern and updated space.; - Prime location in Mendenhall Station near the PA/DE border on Route 52.
    (610) 399-0338
    Request Owner's contact information
    328 Kennett Pike Unit 201 -, Unit 2ND Chadds Ford, PA 19317
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    Chadds Ford, PA 19317
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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
    328 Kennett Pike Unit 201 -, Unit 2ND Chadds Ford, PA 19317
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    We can help!
    Listing Contact
    Wayne C Megill
    Real Estate License ID: RS317705
    (610) 399-0338 (610) 399-5100
    Learn more
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