Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    701 Lee Rd Wayne, PA 19087

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flexible office and coworking space with many amenities available for rent.

    Property size:
    2,427 SF
    Lot size:
    8.80 Acres

    Property Features for 701 Lee Rd

    General Information

    Size
    2,427 SF
    Lot size
    8.80 Acres

    We can help!

    Listing Contact
    Doug Newbert
    Doug Newbert
    Source: Moodyscre

    Listing Agent: Doug Newbert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Flexible Office and Coworking Space

    This flexible office and coworking space offers 2,427 square feet and is walkable to amenities at the Circuit. Up to 6/1,000 parking is available, along with covered parking. The property includes multiple private outdoor spaces and the ability to expand an additional 60,000 square feet. Building generators ensure uninterrupted services. A 3,500 square foot meeting and conferencing space features a reception and lounge area to accommodate large assemblies. A 5,000 square foot fitness center is available, as well as an on-site cafe featuring multiple food stalls, cafe seating, and lounge space. Exclusive tenant and employee on-site concierge service is provided. Outdoor gathering areas include fire pits, seating, and games. This property is located within Flex at Chesterbrook, the region’s newest flexible office and coworking space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    InClinica Corporate Office Advanced Reliable Software, ... Software Company Tournaments In Audio Visual Consultant FedEx Drop Box Mailing Service Kayabooks | Accounting & Bookkeeping ... Accountant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.45879
    Latitude
    40.068479

    Nearby Similar for Lease

    • $5,279 /Mo

      Main Line Office Opportunity

      Freestanding office building with frontage on Lancaster Avenue.
      528 E Lancaster Ave, Wayne, PA 19087
      View Details
    • $2,595 /Mo
      1,056 SF

      Chesterbrook Townhome with Loft

      Updated 2-bedroom townhome with loft in desirable Chesterbrook community.
      107 Cavalry Ct, Chesterbrook, PA 19087
      View Details
    • Contact for pricing
      3,936 SF

      Radnor Office Space Available

      Strategically located office space with amenities and transit access.
      555 E Lancaster Ave, Radnor, PA 19087
      View Details
    • Contact for pricing
      41,409 SF

      Suburban Office Space with Fitness Center

      Office space in a tranquil suburban campus setting with amenities.
      1400 Liberty Ridge Dr, Wayne, PA 19087
      View Details
    • Contact for pricing
      4,398 SF

      Wayne Office Space Available

      Strategically located office space with amenities and convenient access.
      170 Radnor Chester Rd, Wayne, PA 19087
      View Details
    • Contact for pricing
      2,602 SF

      Office Space with Mountain Views

      Office space in a tranquil suburban campus setting.
      1200 Liberty Ridge Dr, Chesterbrook, PA 19087
      View Details
    • Contact for pricing
      6,414 SF

      Amenitized Office Space Available

      Move-in ready office space in a tranquil suburban campus.
      1200 Morris Dr, Chesterbrook, PA 19087
      View Details
    • Contact for pricing
      3,376 SF

      Prime Office Space in Wayne

      Strategically located office space with amenities and excellent access.
      100 Matsonford Rd, Wayne, PA 19087
      View Details
    • Contact for pricing
      13,323 SF

      Flexible Office and Coworking Space

      Flexible office and coworking space with extensive amenities and renovations.
      1325 Morris Dr, Wayne, PA 19087
      View Details
    • $8 SF/Yr
      6,249 SF

      Wayne, PA Office Space for Lease

      Flexible Office Solutions in Chester County
      724 Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      1,468 SF

      Premier Retail Space in Wayne

      High-end retail space in a sought-after, high-traffic location.
      503 Lancaster Ave, Wayne, PA 19087
      View Details
    • Contact for pricing
      14,882 SF

      Class A Office Space Available

      Renovated office campus with extensive amenities and expansion potential.
      620 Lee Rd, Wayne, PA 19087
      View Details

    FAQs

    What type of property is this?
    Office space - Flexible office and coworking space with many amenities available for rent.
    Where is this office space located?
    The property is located at 701 Lee Rd Wayne, PA.
    What are key features of this property?
    This property features: - Ability to expand an additional 60,000 s.f.; - 3,500 s.f. meeting and conferencing space, including a reception and lounge area; - Up to 6/1,000 parking available
    (610) 249-2255
    Request Owner's contact information
    701 Lee Rd Wayne, PA 19087
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 Lee Rd
    Wayne, PA 19087
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    701 Lee Rd Wayne, PA 19087
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Doug Newbert
    Doug Newbert
    Real Estate License ID: RS228236L
    (610) 249-2255
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.