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 Market74
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
Listed By:
Jeffrey R Seligsohn
(215) 893-3000
Source:
Kableteam
Added: Aug 2
Changed: Oct 11
Last Checked: Oct 12 at 11:48PM
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 / Yr
$18,866
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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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
