Standalone Office Building with Backup
For Sale
$5,000,000
1645 W CHESTER Pike, West Chester, PA 19382
Commercial Sale, WEST CHESTER, PA
Property Size20,000 SF
Lot Size2.60 Acres
Price / SF$250
Days on Market96
Property Features for 1645 W CHESTER Pike
General Information
Property type
Other
Property subtype
Office
Parking
100
Parking features
Special Needs, Parking Lot
Elementary school district
WEST CHESTER AREA
Middle school district
WEST CHESTER AREA
High school district
WEST CHESTER AREA
Standard status
Active
Lot size
2.60 Acres
Taxes and HOA fees
Tax Annual Amount
0
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
600 AMP 3-phase power
full-building Cummins backup generator
fiber-optic connectivity
Building Details
Year built
2006
Building materials
Combination
Listing Agency:
Keller Williams Realty Group
(610) 792-5900
Listed By:
Timothy Brian Hennessey · License #RS371073
(610) 792-5900
Added: May 25
Changed: Aug 19
Last Checked: Aug 28 at 9:06PM
MLS# PACT2124848
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone office property is offered vacant and includes a mix of perimeter executive offices, open-plan work areas, and a second-floor reception area. Building systems include 600 AMP 3-phase power, a full-building Cummins backup generator, fiber-optic connectivity, central air, forced-air heating, and elevator accessibility. The property was built in 2006 and includes 100 dedicated surface parking spaces across a 2.6-acre site.
Positioned along the Route 3 corridor at 1645 W Chester Pike, the property has frontage exposure to approximately 31,000 vehicles per day. Its R-3 Residential-Office zoning supports corporate and professional, medical and wellness, and institutional or community uses, subject to township approval. The site provides access to regional thoroughfares connecting West Chester, Newtown Square, and Greater Philadelphia.
Positioned along the Route 3 corridor at 1645 W Chester Pike, the property has frontage exposure to approximately 31,000 vehicles per day. Its R-3 Residential-Office zoning supports corporate and professional, medical and wellness, and institutional or community uses, subject to township approval. The site provides access to regional thoroughfares connecting West Chester, Newtown Square, and Greater Philadelphia.
Key Highlights
- Vacant standalone office property built in 2006
- 2.6‑acre site with 100 dedicated surface parking spaces
- 600 AMP 3‑phase power and full‑building Cummins backup generator
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
$314,433
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
6.29%
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%
$6,288,660
$6.3M
Cap Rate 7%
$4,491,900
$4.5M
Cap Rate 9%
$3,493,700
$3.5M
Market Conditions
NOI Build-Up for 20,000 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
$520.8K $26.04/SF
− Vacancy
−$101.6K −$5.08/SF
EGI
$419.2K $20.96/SF
− OpEx
−$104.8K −$5.24/SF
NOI
$314.4K $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%
$6,288,660
Cap Rate 7%
$4,491,900
Cap Rate 9%
$3,493,700
Alternative Uses
Best Use
Office B
$4.49M
$3.93M – $5.24M
NOI $314,433 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.06M
$5.31M – $7.07M
NOI $424,466 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
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
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 - Vacant office facility with executive offices, open-plan work areas, elevator access, and comprehensive building infrastructure.
Where is this office building located?
The property is located at 1645 W CHESTER Pike West Chester, PA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Vacant standalone office property built in 2006; 2.6‑acre site with 100 dedicated surface parking spaces; 600 AMP 3‑phase power and full‑building Cummins backup generator
