Move-In Ready Office
For Sale
Contact for pricing
223 Wilmington West Chester Pike, Glen Mills, PA 19342
Professional office space includes utilities, cleaning service, and common-area maintenance for streamlined occupancy.
Property Size1,000 SF
Price / SF$2.30
Days on Market48
Property Features for 223 Wilmington West Chester Pike
General Information
Standard status
Active
Size
1,000 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Amenities
utilities
cleaning service
common area usage and maintenance
Building Details
Building Size
1,000 SF
Properties For Sale
at 223 Wilmington West Chester Pike
223 Wilmington West Chester Pike
Size
1,000 SF
Term
Negotiable
Listing Agency:
LMT Commercial Realty, LLC.
Listed By:
Tyler Foresta · License #RS-0025429
(302) 414-1000
Source:
Lmtcre
Added: Sep 19
Changed: Oct 26
Last Checked: Nov 4 at 10:26AM
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 LMT Commercial Realty, LLC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 1,000-square-foot professional office unit provides a move-in-ready configuration for business use. Included services cover utilities, cleaning, and common-area usage and maintenance, giving occupants a more streamlined operating arrangement.
The property is positioned along Wilmington West Chester Pike in Glen Mills, Pennsylvania, with access to the Route 202 corridor. Route 202 carries approximately 38,397 vehicles per day, supporting a highly traveled setting for office operations and client access.
The property is positioned along Wilmington West Chester Pike in Glen Mills, Pennsylvania, with access to the Route 202 corridor. Route 202 carries approximately 38,397 vehicles per day, supporting a highly traveled setting for office operations and client access.
Key Highlights
- Approximately 1,000 SF professional office unit
- Utilities, cleaning service, and common‑area usage and maintenance included
- Located along Wilmington West Chester Pike in Glen Mills, PA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,394
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,880
$327.9K
Cap Rate 7%
$234,200
$234.2K
Cap Rate 9%
$182,156
$182.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$26.4K $26.40/SF
− Vacancy
−$4.5K −$4.54/SF
EGI
$21.9K $21.86/SF
− OpEx
−$5.5K −$5.46/SF
NOI
$16.4K $16.39/SF
Area
Delaware County, PA
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,880
Cap Rate 7%
$234,200
Cap Rate 9%
$182,156
Alternative Uses
Best Use
Office B
$234.2K
$204.9K – $273.2K
NOI $16,394 @ 7.0% cap · market cap 712.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$303.2K
$265.3K – $353.7K
NOI $21,223 @ 7.0% cap · market cap 922.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 19342, PA
20,550
Population
8,183
Households
2.5
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
19.8 sq mi
ZIP Area
1,038
Density / Sq Mi
$136,647
Median Household Income
$81,696
Median Earnings
$2,298
Median Rent
$579,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space includes utilities, cleaning service, and common-area maintenance for streamlined occupancy.
Where is this office unit located?
The property is located at 223 Wilmington West Chester Pike Glen Mills, PA.
What are key features of this property?
This property features: Approximately 1,000 SF professional office unit; Utilities, cleaning service, and common‑area usage and maintenance included; Located along Wilmington West Chester Pike in Glen Mills, PA
