Medical Office with Eight
For Sale
Contact for pricing
1244 Wrights Ln, West Chester, PA 19380
Built in 2010, the suite combines dental treatment, consultation, imaging, and staff-support areas.
Property Size3,626 SF
Price / SF$344.73
Days on Market159
Property Features for 1244 Wrights Ln
General Information
Standard status
Active
Size
3,626 SF
Class
B
Property subtype
Office
Zoning
L-1
Additional Details
Office Units
1
Amenities
water views
Building Details
Year Built
2010
Stories
1
Units
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Benchmark Management Corp
(610) 566-3738
Listed By:
Francis Boyle · License #RM040034A
Source:
Crexi
Added: Mar 27
Changed: Aug 31
Last Checked: Sep 1 at 7:45AM
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 Benchmark Management Corp
Investment Insights
Based on property information with market context.
Unit 2-300 at 1244 Wrights Ln is a 3,626-square-foot medical office configured for dental use. The suite includes a reception and waiting area, two restrooms, eight operatories with cabinetry and sinks, a consultation room, an X-ray room, and a break room. Several operatories have water views, and the unit is accessed through a shared entrance.
The property was built in 2010 and is zoned L-1. It is offered in its existing condition without warranties or guarantees and is subject to a 10-year lease agreement with 8 years remaining.
The property was built in 2010 and is zoned L-1. It is offered in its existing condition without warranties or guarantees and is subject to a 10-year lease agreement with 8 years remaining.
Key Highlights
- 3,626‑square‑foot medical office suite
- Eight dental operatories with cabinets and sinks
- Reception/waiting area, consultation room, X‑ray room, and break room
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
$57,007
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
4.56%
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%
$1,140,140
$1.1M
Cap Rate 7%
$814,386
$814.4K
Cap Rate 9%
$633,411
$633.4K
Market Conditions
NOI Build-Up for 3,626 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
$94.4K $26.04/SF
− Vacancy
−$18.4K −$5.08/SF
EGI
$76.0K $20.96/SF
− OpEx
−$19.0K −$5.24/SF
NOI
$57.0K $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 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%
$1,140,140
Cap Rate 7%
$814,386
Cap Rate 9%
$633,411
Alternative Uses
Best Use
Office B
$814.4K
$712.6K – $950.1K
NOI $57,007 @ 7.0% cap · market cap 4.56%
Second Best
Healthcare Medical
$802.9K
$702.6K – $936.7K
NOI $56,204 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.10M
$962.0K – $1.28M
NOI $76,956 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
235
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 - Built in 2010, the suite combines dental treatment, consultation, imaging, and staff-support areas.
Where is this medical office space located?
The property is located at 1244 Wrights Ln West Chester, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,626‑square‑foot medical office suite; Eight dental operatories with cabinets and sinks; Reception/waiting area, consultation room, X‑ray room, and break room
