Chadds Ford Shopping Center For
For Sale
Contact for pricing
1620 Baltimore Pike, Chadds Ford, PA
Shopping center in historic Chadds Ford with frontage on Route 1.
Property Size15,100 SF
Lot Size1.73 Acres
Price / SF$188.74
Days on Market909
Property Features for 1620 Baltimore Pike
General Information
Standard status
Active
Size
15,100 SF
Lot size
1.73 Acres
Property subtype
RETAIL
Listing Agency:
Zommick McMahon Commercial Real Estate
(610) 453-2569
Listed By:
James R Pinckney
(610) 453-2569
Source:
Moodyscre
Added: Feb 16, 2024
Changed: Jul 6
Last Checked: Aug 12 at 12:27PM
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 Zommick McMahon Commercial Real Estate
Investment Insights
Based on property information with market context.
This shopping center is located in the heart of historic Chadds Ford, Pennsylvania. The property features 15,100 square feet of space on a 2-acre lot. It has excellent frontage along heavily traveled Route 1/Baltimore Pike at a traffic light intersection. Anchor tenants include the USPS and Agave restaurant. The property is suitable for retail, restaurants, and other shopping center uses.
Key Highlights
- Excellent frontage on heavily traveled Route 1/Baltimore Pike.
- Located in the heart of historic Chadds Ford, PA.
- Anchor tenants include USPS and Agave restaurant.
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
$194,065
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
6.81%
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%
$3,881,300
$3.9M
Cap Rate 7%
$2,772,357
$2.8M
Cap Rate 9%
$2,156,278
$2.2M
Market Conditions
NOI Build-Up for 15,100 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
$271.8K $18.00/SF
− Vacancy
−$13.0K −$0.86/SF
EGI
$258.8K $17.14/SF
− OpEx
−$64.7K −$4.28/SF
NOI
$194.1K $12.85/SF
Area
Delaware County, PA
Vacancy
4.80%
Lease Rate
$18.00 /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%
$3,881,300
Cap Rate 7%
$2,772,357
Cap Rate 9%
$2,156,278
Alternative Uses
Best Use
Specialty Retail
$2.77M
$2.43M – $3.23M
NOI $194,065 @ 7.0% cap · market cap 6.81%
Second Best
Retail
$2.12M
$1.85M – $2.47M
NOI $148,244 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$4.58M
$4.01M – $5.34M
NOI $320,472 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
2,842 visits/mo
0.0 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center in historic Chadds Ford with frontage on Route 1.
Where is this shopping center located?
The property is located at 1620 Baltimore Pike Chadds Ford, PA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Excellent frontage on heavily traveled Route 1/Baltimore Pike.; Located in the heart of historic Chadds Ford, PA.; Anchor tenants include USPS and Agave restaurant.
