First-Floor Fitness Center
For Sale
Contact for pricing
1306 Wilmington Pike, West Chester, PA 19382
The unit has C-2 zoning and public sewer, water, and gas service.
Property Size3,150 SF
Price / SF$277.78
Days on Market127
Property Features for 1306 Wilmington Pike
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Retail, Office, Mixed Use
Zoning
C-2
Investment Type
Owner/User
Site & Location
Anchor Co-Tenants
Starbucks, Freddy’s Frozen Custard & Steakburgers
Utilities to Site
Yes
Additional Details
Floor
1
Building Details
Year Built
2006
Buildings
1
Construction
timber frame
Listing Agency:
Karmar Realty Group
Listed By:
Justin Soss · License #PA
(610) 459-8585
Source:
Crexi
Added: Apr 29
Changed: Aug 31
Last Checked: Sep 2 at 11:13AM
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 Karmar Realty Group
Investment Insights
Based on property information with market context.
This 3,150 SF commercial condominium occupies a first-floor unit within a timber-frame building completed in 2006. The space is currently operating as a fitness center and is classified under C-2 zoning. Public sewer, water, and gas serve the property.
The condominium is located at 1306 Wilmington Pike in West Chester, Pennsylvania. Starbucks and Freddy’s Frozen Custard & Steakburgers are also present on the site, adding established commercial uses to the immediate property setting.
The condominium is located at 1306 Wilmington Pike in West Chester, Pennsylvania. Starbucks and Freddy’s Frozen Custard & Steakburgers are also present on the site, adding established commercial uses to the immediate property setting.
Key Highlights
- 3,150 SF first‑floor commercial condominium
- Currently operating as a fitness center
- Timber‑frame building constructed in 2006
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
$48,277
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
5.52%
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%
$965,540
$965.5K
Cap Rate 7%
$689,671
$689.7K
Cap Rate 9%
$536,411
$536.4K
Market Conditions
NOI Build-Up for 3,150 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
$90.3K $28.68/SF
− Vacancy
−$13.1K −$4.16/SF
EGI
$77.2K $24.52/SF
− OpEx
−$29.0K −$9.20/SF
NOI
$48.3K $15.33/SF
Area
Chester County, PA
Vacancy
14.50%
Lease Rate
$28.68 /SF/Yr
Expense Ratio
37.50%
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%
$965,540
Cap Rate 7%
$689,671
Cap Rate 9%
$536,411
Alternative Uses
Best Use
Mixed Use
$689.7K
$603.5K – $804.6K
NOI $48,277 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$955.0K
$835.7K – $1.11M
NOI $66,853 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19382, PA
52,498
Population
21,798
Households
2.4
Avg Household Size
40
Median Age
64%
College-Educated
98%
High-School Grad
46.1 sq mi
ZIP Area
1,139
Density / Sq Mi
$126,159
Median Household Income
$58,596
Median Earnings
$1,788
Median Rent
$542,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Fitness center & gym - The unit has C-2 zoning and public sewer, water, and gas service.
Where is this fitness center & gym located?
The property is located at 1306 Wilmington Pike West Chester, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 3,150 SF first‑floor commercial condominium; Currently operating as a fitness center; Timber‑frame building constructed in 2006
