Two-Story Bank Building with
For Sale
Contact for pricing
1518-1526 McDaniel Dr west, West Chester, PA 19380
Two-story bank building with finished basement, two drive-thru lanes, and parking for 20 vehicles.
Property Size8,375 SF
Price / SF$274.63
Days on Market164
Property Features for 1518-1526 McDaniel Dr west
General Information
Standard status
Active
Size
8,375 SF
Class
B
Total Parking Spaces
20
Property subtype
Office
Zoning
R-3 Residence -Office District
Additional Details
Utilities to Site
Yes
Office Units
3
Building Details
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Avison Young - Property Managment
Listed By:
Tommy Ciccarone · License #PA RS324250
(610) 999-5800
Source:
Crexi
Added: Mar 26
Changed: Aug 16
Last Checked: Aug 31 at 10:08PM
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 Avison Young - Property Managment
Investment Insights
Based on property information with market context.
This two-story bank building includes a finished basement and can be configured into three separate suites. The property features two drive-thru bank lanes, along with public utilities, multi-zone heat pump heating, and a diesel generator. Parking is available for 20 spaces.
Located in Westtown Township, the site is zoned R-3, Residence-Office District. The building totals 8,375 above-grade square feet and is suitable for buyers seeking a flexible office or bank-use configuration within the existing lane-driven design.
Located in Westtown Township, the site is zoned R-3, Residence-Office District. The building totals 8,375 above-grade square feet and is suitable for buyers seeking a flexible office or bank-use configuration within the existing lane-driven design.
Key Highlights
- 8,375 SF (above‑grade only) two‑story building with a finished basement
- Can be split into three separate suites
- Two drive‑thru bank lanes
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
$131,669
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
5.72%
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%
$2,633,380
$2.6M
Cap Rate 7%
$1,880,986
$1.9M
Cap Rate 9%
$1,462,989
$1.5M
Market Conditions
NOI Build-Up for 8,375 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
$218.1K $26.04/SF
− Vacancy
−$42.5K −$5.08/SF
EGI
$175.6K $20.96/SF
− OpEx
−$43.9K −$5.24/SF
NOI
$131.7K $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%
$2,633,380
Cap Rate 7%
$1,880,986
Cap Rate 9%
$1,462,989
Alternative Uses
Best Use
Office B
$1.88M
$1.65M – $2.19M
NOI $131,669 @ 7.0% cap · market cap 5.72%
Second Best
Retail
$1.35M
$1.18M – $1.58M
NOI $94,656 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,745 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
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?
Office building - Two-story bank building with finished basement, two drive-thru lanes, and parking for 20 vehicles.
Where is this office building located?
The property is located at 1518-1526 McDaniel Dr west West Chester, PA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 8,375 SF (above‑grade only) two‑story building with a finished basement; Can be split into three separate suites; Two drive‑thru bank lanes
