Office Units For
103 Garris Rd Downingtown, PA 19335
103 Garris Rd, Downingtown, PA, 19335
$639,900
For Sale
$639,900
For sale commercial property consisting of office units in Chester County, PA.
Property Size2,484 SF
Price / SF$257.61
Days on Market110
Property Features for 103 Garris Rd
General Information
- Standard status
- Active
- Size
- 2,484 SF
Building Details
- Year Built
- 1953
Listing agency
(610) 836-1829
Listed by
Christopher Harmer
(610) 836-1829
Source
Evrealestate
Added: Apr 3 Updated: Jul 20 at 8:17PM Checked: Jul 21 at 4:15AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christopher Harmer
Investment Insights
Based on property information with market context.
This property is being offered for sale as office units / office spaces. The listing size is 2,484 square feet.
The property is located at 103 Garris Rd in Downingtown, in Chester County, Pennsylvania. Directions are provided via GPS, with the county identified as CHESTER.
Because the available details only specify the property type and total size, the listing does not include additional unit configuration or interior improvement specifics.
The property is located at 103 Garris Rd in Downingtown, in Chester County, Pennsylvania. Directions are provided via GPS, with the county identified as CHESTER.
Because the available details only specify the property type and total size, the listing does not include additional unit configuration or interior improvement specifics.
Key Highlights
- Commercial property in Chester County, PA, consisting of office units
- Year built: 1953
- Central air cooling
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.7k | $26.04 |
| − Vacancy | −$12.6k | −$5.08 |
| EGI | $52.1k | $20.96 |
| − OpEx | −$13.0k | −$5.24 |
| NOI | $39.1k | $15.72 |
2,484 SF · lease $26.04/SF/yr · vacancy 19.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$557.9K
$488.2K – $650.9K
NOI $39,053 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$753.1K
$659.0K – $878.7K
NOI $52,719 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Resilio Mental Health ...
Medical Clinic
Judy Reid
Foster Care Service
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FAQs
What type of property is this?
Office units - For sale commercial property consisting of office units in Chester County, PA.
Where is this office units located?
The property is located at 103 Garris Rd Downingtown, PA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: Commercial property in Chester County, PA, consisting of office units; Year built: 1953; Central air cooling
