Medical Office
New
For Sale
$1,895,000
1065 ANDREW DRIVE UNITS 2 & 4, West Chester, PA 19380
Units 2 and 4 offer central air, forced-air heating, and access to a parking lot.
Property Size10,000 SF
Days on Market3
Property Features for 1065 ANDREW DRIVE UNITS 2 & 4
General Information
Standard status
Active
Size
10,000 SF
Zoning
I-2-R LIGHT INDUSTRIAL
Taxes and HOA fees
Annual Taxes
$16,993
Amenities
Central Air, Electric
Natural Gas, Forced Air
Electric Water Heater
Parking Lot
Building Details
Building Size
10,000 SF
Year Built
2005
Listing Agency:
Pillar Real Estate Advisors
Listed By:
Eric Kuhn · License #RS296255
(484) 887-8202
Source:
Evrealestate
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 2:09AM
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 Pillar Real Estate Advisors
Investment Insights
Based on property information with market context.
Medical office space in Units 2 and 4 features central air conditioning, electric service, natural gas forced-air heating, and an electric water heater. The building dates to 2005, and the property includes a parking lot.
The site is at 1065 Andrew Drive in West Chester, Pennsylvania, and is zoned I-2-R Light Industrial.
The site is at 1065 Andrew Drive in West Chester, Pennsylvania, and is zoned I-2-R Light Industrial.
Key Highlights
- Medical office space in Units 2 and 4
- Built in 2005
- Central air conditioning and natural gas forced‑air heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,217
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,144,340
$3.1M
Cap Rate 7%
$2,245,957
$2.2M
Cap Rate 9%
$1,746,856
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$260.4K $26.04/SF
− Vacancy
−$50.8K −$5.08/SF
EGI
$209.6K $20.96/SF
− OpEx
−$52.4K −$5.24/SF
NOI
$157.2K $15.72/SF
Area
Chester County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,144,340
Cap Rate 7%
$2,245,957
Cap Rate 9%
$1,746,856
Alternative Uses
Best Use
Office B
$2.25M
$1.97M – $2.62M
NOI $157,217 @ 7.0% cap · market cap 8.30%
Second Best
Healthcare Medical
$2.21M
$1.94M – $2.58M
NOI $155,002 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,233 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 19380, PA
50,692
Population
21,490
Households
2.4
Avg Household Size
43
Median Age
64%
College-Educated
97%
High-School Grad
30.5 sq mi
ZIP Area
1,662
Density / Sq Mi
$122,876
Median Household Income
$69,599
Median Earnings
$1,820
Median Rent
$530,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Units 2 and 4 offer central air, forced-air heating, and access to a parking lot.
Where is this medical office space located?
The property is located at 1065 ANDREW DRIVE UNITS 2 & 4 West Chester, PA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Medical office space in Units 2 and 4; Built in 2005; Central air conditioning and natural gas forced‑air heating
