Professional Office Suite with
For Sale
$500,000
107 Chesley Dr Unit 4, Media, PA 19063
Office suite includes large reception, five private offices, three bathrooms, and basement storage.
Property Size2,000 SF
Price / SF$250
Days on Market50
Property Features for 107 Chesley Dr Unit 4
General Information
Standard status
Active
Size
2,000 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1980
Listing Agency:
Pillar Real Estate Advisors
Listed By:
Eric Kuhn
Source:
Soldbypattie
Added: Jul 25
Changed: Sep 8
Last Checked: Sep 11 at 4:54PM
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.
This professional office space offers approximately 2,000 SF across the 1st and 2nd floors, plus an additional 1,000 SF basement dedicated to storage. The layout features a large reception area, five private offices, and three bathrooms, supported by a finished basement designed for storage.
The property is described as being in a convenient location right off Route 1 near downtown Media, with easy access to Route 476. Ample parking is available for visitors and staff.
The space is well suited for an owner-occupant or tenant looking for multiple enclosed offices supported by on-site storage in the basement.
The property is described as being in a convenient location right off Route 1 near downtown Media, with easy access to Route 476. Ample parking is available for visitors and staff.
The space is well suited for an owner-occupant or tenant looking for multiple enclosed offices supported by on-site storage in the basement.
Key Highlights
- 2,000 SF professional office space on the 1st and 2nd floors
- Includes 1,000 SF basement for storage
- Large reception area plus 5 private offices
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,789
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$655,780
$655.8K
Cap Rate 7%
$468,414
$468.4K
Cap Rate 9%
$364,322
$364.3K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$52.8K $26.40/SF
− Vacancy
−$9.1K −$4.54/SF
EGI
$43.7K $21.86/SF
− OpEx
−$10.9K −$5.46/SF
NOI
$32.8K $16.39/SF
Area
Delaware County, PA
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$655,780
Cap Rate 7%
$468,414
Cap Rate 9%
$364,322
Alternative Uses
Best Use
Office B
$468.4K
$409.9K – $546.5K
NOI $32,789 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$606.4K
$530.6K – $707.5K
NOI $42,447 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
Demographics for 19063, PA
38,338
Population
16,128
Households
2.4
Avg Household Size
46
Median Age
60%
College-Educated
97%
High-School Grad
25.1 sq mi
ZIP Area
1,527
Density / Sq Mi
$121,899
Median Household Income
$70,147
Median Earnings
$1,623
Median Rent
$505,500
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?
Office building - Office suite includes large reception, five private offices, three bathrooms, and basement storage.
Where is this office building located?
The property is located at 107 Chesley Dr Unit 4 Media, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,000 SF professional office space on the 1st and 2nd floors; Includes 1,000 SF basement for storage; Large reception area plus 5 private offices
