Office/Medical Condo
For Sale
$240,000
200b-1450 E Boot Rd, West Chester, PA 19380
Office/medical condo with both leased income space and additional move-in-ready space for an owner-operator or tenant.
Property Size1,200 SF
Price / SF$200
Days on Market293
Property Features for 200b-1450 E Boot Rd
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Business Included
Yes
Listing Agency:
SSH Real Estate
(215) 203-4864
Listed By:
Jeffrey R Seligsohn
(215) 203-4864
Source:
Exprealty
Added: Oct 21, 2025
Changed: Jul 10
Last Checked: Aug 8 at 9:25AM
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 property is an office and medical office condo unit designed with a combination of space types. The unit totals 1,200 SF and includes 400 SF of income-producing leased space alongside 800 SF of move-in-ready space. The layout supports an owner-operator approach while also offering the option to benefit from an existing leased portion.
The property is located in West Chester, Pennsylvania. It is presented for sale as a condo unit at 200B-1450 E Boot Rd.
For buyers seeking an office or medical office setup, the split between leased space and ready-to-occupy space can help match multiple operating scenarios. Owner-operators may use the move-in-ready portion while maintaining an existing leased component within the same condo. Tenants may also find the additional ready space appealing for immediate occupancy depending on their space needs.
The property is located in West Chester, Pennsylvania. It is presented for sale as a condo unit at 200B-1450 E Boot Rd.
For buyers seeking an office or medical office setup, the split between leased space and ready-to-occupy space can help match multiple operating scenarios. Owner-operators may use the move-in-ready portion while maintaining an existing leased component within the same condo. Tenants may also find the additional ready space appealing for immediate occupancy depending on their space needs.
Key Highlights
- Office/medical condo in West Chester, PA
- Total size: 1,200 SF unit
- Includes 400 SF of income‑producing leased space
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
195
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
- Animal Hospital of Chester County — 1353 Pottstown Pike, West Chester, PA 19380
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office/medical condo with both leased income space and additional move-in-ready space for an owner-operator or tenant.
Where is this medical office space located?
The property is located at 200b-1450 E Boot Rd 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: Office/medical condo in West Chester, PA; Total size: 1,200 SF unit; Includes 400 SF of income‑producing leased space
