Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    328 Wilmington W Chester Pike Glen Mills, PA 19342

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,650 /Mo

    Modern 2-story office space with basement and high visibility.

    Property size:
    2,000 SF
    Lot size:
    0.22 Acres
    Added:
    Jul 15, 2024
    Days on Market:
    653
    Last Refresh:
    Apr 5 at 8:24 pm

    Property Features for 328 Wilmington W Chester Pike

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Lot size
    0.22 Acres

    We can help!

    Listing Contact
    Krystyna Latsios
    Krystyna Latsios

    Listing agent Krystyna Latsios License #RS316043

    Listing office Keller Williams Real Estate - Media

    Listing date Jul 15, 2024

    Source Exprealty

    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 Keller Williams Real Estate - Media

    Overview

    Modern Office Space with Visibility

    This is a 2-story office space offering a modern and spacious working environment. The building, currently under construction, measures 2000 square feet and includes a large basement suitable for additional storage. The first floor features 4 large offices, a kitchenette or copy room, and a large front porch. The second floor contains 5 offices, a bathroom, and a kitchenette with a sliding door that leads to the front deck area. Each floor is approximately 1,000 square feet and can be rented together or separately. The property offers great visibility on Route 202 and includes free advertising on LED signs. The intended use of the property is for office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Glen Mills
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.5402
    Latitude
    39.8565

    Nearby Similar for Lease

    • $1,600/Mo

      Renovated Retail/Office Space Available

      High-traffic location with ample parking and signage.
      1109 SMITHBRIDGE Road, GLEN MILLS, PA 19342
      View Details
    • $2,300/Mo

      Professional Office Suite For Sublease

      Move-in ready office suite with utilities and cleaning included.
      Glen Mills, PA 19342
      View Details
    • $1,250/Mo

      Glen Mills Office Space Available

      900 SF office space with private offices for lease.
      15-45 Regency Plz, Glen Mills, PA
      View Details
    • Contact for pricing

      Class A Office Building

      Office building with cafe, exercise facility, and walking trail.
      50 Applied Card Way, Glen Mills, PA
      View Details
    • Contact for pricing

      Upscale Retail Space in Glen Mills

      Upscale shopping destination with diverse retail and dining options.
      100 Evergreen Dr, Glen Mills, PA
      View Details
    • Contact for pricing

      Retail Space in Glen Mills

      Retail space available in a strong daily needs strip center.
      1810 Wilmington Pike, Glen Mills, PA
      View Details
    • Contact for pricing

      Glen Mills Medical Office Building

      Medical office building site in the heart of Glen Mills.
      1720 Wilmington Pike, Glen Mills, PA
      View Details
    • Contact for pricing

      Furnished Office Space Available

      2,000 SF furnished office space with conference room.
      871 Baltimore Pike, Glen Mills, PA
      View Details
    • Contact for pricing

      Retail Space in Glen Mills

      7,000 SF retail property available for lease.
      Highway 202 & Highway 1, Glen Mills, PA, 19342
      View Details
    • Contact for pricing

      Glen Mills Office Space Available

      Modern office space with open layout and numerous amenities.
      2 Braxton Way, Glen Mills, PA
      View Details
    • Contact for pricing

      Glen Mills Office Space Available

      Office space available for rent in Glen Mills, PA.
      1 Braxton Way, Glen Mills, PA 19342
      View Details
    • Contact for pricing

      Upscale Retail Destination For Lease

      Premier shopping destination with upscale stores and diverse dining.
      921-969 Baltimore Pike, Glen Mills, PA
      View Details

    FAQs

    What type of property is this?
    Office units - Modern 2-story office space with basement and high visibility.
    Where is this office units located?
    The property is located at 328 Wilmington W Chester Pike Glen Mills, PA.
    What is the lease rate?
    The lease rate is $5,650 /Mo.
    What are key features of this property?
    This property features: Great visibility on Route 202; 2000 SQ FT of modern office space; New construction
    (610) 565-1995
    We can help!
    Listing Contact
    Krystyna Latsios
    Krystyna Latsios
    Real Estate License ID: RS316043
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!