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    Two-Story Corporate Office Building Title is generated by Realmo AI

    191 Sheree Boulevard, Exton, PA 19341

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    Two-story office building with flexible floor plates, corporate buildout, and amenities, suited for owner-user or multi-tenant conversion.

    Type:Office
    Property size:
    43,200 SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 1:59 am

    Property Features for 191 Sheree Boulevard

    General Information

    Standard status
    Active
    Size
    43,200 SF
    Property subtype
    Office

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Steve Marzullo

    Listing agent Steve Marzullo License #PA & NJ

    Listing office CBRE - Philadelphia Suburban

    Listing date May 29, 2026

    Source Crexi

    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 CBRE - Philadelphia Suburban

    HighLights

    • Two‑story office building built in 2002 with 43,200 total SF (about 21,600 SF per floor) and flexible floor plates
    • Modern brick‑and‑glass curtainwall facade with a corporate buildout featuring private offices, open work areas, and dedicated conference space
    • Upgraded lobby and reception areas, plus a multi‑purpose/gym facility and a dedicated marketing suite
    • Employee amenities include modernized restrooms with shower facilities and a wellness room
    • Planned Industrial‑Commercial District (PIC) zoning permits office, manufacturing, wholesale, retail, restaurant, and hospital by conditional use
    • Owner intends to vacate at closing; 12–18 month short‑term leaseback would be considered if preferred by the buyer

    Overview

    191 Sheree Boulevard is a two-story office building totaling 43,200 square feet, constructed in 2002. The exterior features a modern brick-and-glass curtainwall facade, and the interior offers flexible floor plates of approximately 21,600 square feet per floor. The building includes a high-quality corporate office buildout with a balanced mix of private offices, open work areas, and dedicated conference space, supported by upgraded lobby and reception areas.

    The property is located within Stone Ridge Corporate Center in Exton, Uwchlan Township, Chester County, Pennsylvania. Access is provided to Route 30, Route 100, and the Pennsylvania Turnpike (I-76), supporting convenient connectivity for employees, clients, and vendors.

    Ownership has indicated its intent to vacate the property at closing, with a short-term leaseback of 12 to 18 months potentially available if preferred by the buyer. The flexible layout and planned flexibility of the Planned Industrial-Commercial District (PIC) zoning, which permits a range of uses by conditional use, make the building practical for an owner-user establishing or relocating a headquarters, as well as for investors considering conversion back to multi-tenant occupancy.
    Location Intelligence

    Current Use by Public Records

    J.W. Pepper Publishing House Lincoln Financial Advisors Financial Advisor Source of the Shamona Creek Hiking Area Pension & Financial Services ... Social Service Agency Bancorp Bank Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Exton
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.659191
    Latitude
    40.060126

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    FAQs

    What type of property is this?
    Office building - Two-story office building with flexible floor plates, corporate buildout, and amenities, suited for owner-user or multi-tenant conversion.
    Where is this office building located?
    The property is located at 191 Sheree Boulevard Exton, PA.
    What are key features of this property?
    This property features: Two‑story office building built in 2002 with 43,200 total SF (about 21,600 SF per floor) and flexible floor plates; Modern brick‑and‑glass curtainwall facade with a corporate buildout featuring private offices, open work areas, and dedicated conference space; Upgraded lobby and reception areas, plus a multi‑purpose/gym facility and a dedicated marketing suite
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve Marzullo
    Real Estate License ID: PA & NJ
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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