Natural Stone Fabrication &
For Sale
Contact for pricing
421 W Street Road, Kennett Square, PA 19348
For sale is a 15,600 SF campus operating a natural stone fabrication and installation business with an on-site retail showroom.
Property Size15,616 SF
Price / SF$137.68
Days on Market81
Property Features for 421 W Street Road
General Information
Standard status
Active
Size
15,616 SF
Property subtype
Retail, Office, Industrial
Zoning
LB (Local Business)
Investment Type
Value Add
Net Operating Income
$300,000
Additional Details
Business Included
Yes
Building Details
Year Built
1942
Year Renovated
1994
Buildings
3
Stories
3
Tenancy
Single
Listing Agency:
Atlas Realty Advisors
Listed By:
Zachary Lasorsa · License #PA RM425520
Source:
Crexi
Added: Jun 19
Changed: Aug 25
Last Checked: Sep 7 at 9:14AM
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 Atlas Realty Advisors
Investment Insights
Based on property information with market context.
This offering includes a 15,600 SF campus in Chester County, Pennsylvania, operated by a three-generation natural stone fabrication and installation company. The business has been continuously operating for over 30 years and includes a retail showroom along with complete in-house fabrication capability.
The property is listed for sale at 421 W. Street Road in Kennett Square, PA 19348, and presents an owner with an established platform supported by a long operating history.
The campus configuration combines customer-facing showroom space with on-site manufacturing/fabrication operations, creating a single location for both process and presentation.
The property is listed for sale at 421 W. Street Road in Kennett Square, PA 19348, and presents an owner with an established platform supported by a long operating history.
The campus configuration combines customer-facing showroom space with on-site manufacturing/fabrication operations, creating a single location for both process and presentation.
Key Highlights
- 15,600 SF campus in Chester County, PA operating a natural stone fabrication and installation business
- On‑site retail showroom for customer‑facing sales and display
- Complete in‑house fabrication capability for natural stone production and installation
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
$176,495
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
8.21%
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%
$3,529,900
$3.5M
Cap Rate 7%
$2,521,357
$2.5M
Cap Rate 9%
$1,961,056
$2.0M
Market Conditions
NOI Build-Up for 15,616 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
$281.1K $18.00/SF
− Vacancy
−$29.0K −$1.85/SF
EGI
$252.1K $16.15/SF
− OpEx
−$75.6K −$4.84/SF
NOI
$176.5K $11.30/SF
Area
Chester County, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,529,900
Cap Rate 7%
$2,521,357
Cap Rate 9%
$1,961,056
Alternative Uses
Best Use
Retail
$2.52M
$2.21M – $2.94M
NOI $176,495 @ 7.0% cap · market cap 8.21%
Second Best
Industrial
$1.64M
$1.43M – $1.91M
NOI $114,646 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$4.73M
$4.14M – $5.52M
NOI $331,423 @ 7.0% cap · market cap 15.42%
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
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 19348, PA
22,606
Population
9,222
Households
2.5
Avg Household Size
43
Median Age
57%
College-Educated
91%
High-School Grad
36.8 sq mi
ZIP Area
614
Density / Sq Mi
$118,367
Median Household Income
$55,391
Median Earnings
$1,588
Median Rent
$518,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - For sale is a 15,600 SF campus operating a natural stone fabrication and installation business with an on-site retail showroom.
Where is this manufacturing property located?
The property is located at 421 W Street Road Kennett Square, PA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 15,600 SF campus in Chester County, PA operating a natural stone fabrication and installation business; On‑site retail showroom for customer‑facing sales and display; Complete in‑house fabrication capability for natural stone production and installation
