Medical Office Condo with Leased
For Sale
$240,000
1450 E Boot Road 200b, West Chester, PA 19380
Condominium medical office combines an occupied area with ready-to-use space for an owner-operator or incoming tenant.
Property Size1,200 SF
Price / SF$200
Days on Market28
Property Features for 1450 E Boot Road 200b
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
1988
Listing Agency:
SSH Real Estate
(215) 893-3000
Listed By:
Jeffrey R Seligsohn
Source:
Kathywolfgang
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 25 at 4:57AM
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 SSH Real Estate
Investment Insights
Based on property information with market context.
This medical office condominium at 1450 E Boot Road, Suite 200B, provides 1,200 SF within a building constructed in 1988. The unit is divided between 400 SF currently leased and 800 SF configured for immediate occupancy, creating a combination of existing tenancy and available workspace.
The property is located in West Chester, Pennsylvania. Its condominium format and split between leased and available areas support several ownership arrangements, including continued leasing of the occupied portion alongside use of the remaining space by an owner-operator or another tenant.
The property is located in West Chester, Pennsylvania. Its condominium format and split between leased and available areas support several ownership arrangements, including continued leasing of the occupied portion alongside use of the remaining space by an owner-operator or another tenant.
Key Highlights
- 1,200 SF medical office condominium at 1450 E Boot Road 200B, West Chester, PA 19380
- 400 SF of the unit is leased and producing income
- 800 SF available for immediate occupancy
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
$18,866
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
7.86%
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%
$377,320
$377.3K
Cap Rate 7%
$269,514
$269.5K
Cap Rate 9%
$209,622
$209.6K
Market Conditions
NOI Build-Up for 1,200 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
$31.2K $26.04/SF
− Vacancy
−$6.1K −$5.08/SF
EGI
$25.2K $20.96/SF
− OpEx
−$6.3K −$5.24/SF
NOI
$18.9K $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%
$377,320
Cap Rate 7%
$269,514
Cap Rate 9%
$209,622
Alternative Uses
Best Use
Office B
$269.5K
$235.8K – $314.4K
NOI $18,866 @ 7.0% cap · market cap 7.86%
Second Best
Healthcare Medical
$265.7K
$232.5K – $310.0K
NOI $18,600 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$363.8K
$318.4K – $424.5K
NOI $25,468 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Under-served
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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Similar Off Market Nearby
- Boot Road Veterinary Clinic — 1455 Boot Rd, West Chester, PA 19380
- East Goshen Veterinary Center — 1560 Paoli Pike, West Chester, PA 19380
Frequently Asked Questions
What type of property is this?
Medical Office Space - Condominium medical office combines an occupied area with ready-to-use space for an owner-operator or incoming tenant.
Where is this medical office space located?
The property is located at 1450 E Boot Road 200b West Chester, PA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,200 SF medical office condominium at 1450 E Boot Road 200B, West Chester, PA 19380; 400 SF of the unit is leased and producing income; 800 SF available for immediate occupancy
