Building Details

Year Renovated 2019

Building Size 7,680 SF

Listing Agency: BHHS Fox & Roach-Media Show Phone

Listed By: Charlotte Denise Martin Show Phone

Source: Imanirealtors

Added: Aug 26 Changed: Oct 1 Last Checked: Oct 12 at 7:46PM

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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 BHHS Fox & Roach-Media

Investment Insights

Based on property information with market context.

This 7,680-square-foot warehouse occupies a corner lot in Chester, Pennsylvania. Building improvements completed in 2019 include a new roof, concrete slab floor, and new windows. The owner will reinstall three garage doors: one measuring 10 X 12 feet at the rear and two measuring 8 X 8 feet at the front.

The property is located at 726-728 W 3RD ST and sits on a block described as quiet, with proximity to the city's main thoroughfares. Its warehouse configuration and planned garage-door installation support a range of commercial operating needs without relying on a specialized buildout.

Key Highlights

• 7,680‑square‑foot warehouse on a corner lot
• 2019 improvements include a new roof, concrete slab floor, and new windows
• Owner will reinstall one 10 X 12‑foot rear garage door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,800

Cap Rate

7.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$716,000 $716.0K

Cap Rate 7%

$511,429 $511.4K

Cap Rate 9%

$397,778 $397.8K

Market Conditions

NOI Build-Up for 7,680 SF

Gross rent

$46.1K $6.00/SF

− Vacancy

−$4.0K −$0.52/SF

EGI

$42.1K $5.48/SF

− OpEx

−$6.3K −$0.82/SF

NOI

$35.8K $4.66/SF

Area

Delaware County, PA

Vacancy

8.60%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$716,000

Cap Rate 7%

$511,429

Cap Rate 9%

$397,778

Alternative Uses

Best Use

Warehouse

$511.4K

$447.5K – $596.7K (±1% cap)

NOI $35,800 @ 7.0% cap · market cap 7.16%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.33M

$2.04M – $2.72M (±1% cap)

NOI $162,995 @ 7.0% cap · market cap 32.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Electrical Service (Bike/Boat/Book/etc) Store Garden Center Locksmith Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

697

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 19013, PA

34,252

Population

15,664

Households

2.2

Avg Household Size

34

Median Age

13%

College-Educated

86%

High-School Grad

5.6 sq mi

ZIP Area

6,116

Density / Sq Mi

$39,416

Median Household Income

$31,668

Median Earnings

$1,083

Median Rent

$85,200

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - The facility received a new roof, concrete slab floor, and windows in 2019.

Where is this warehouse located?

The property is located at 726-728 W 3RD ST Chester, PA.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: 7,680‑square‑foot warehouse on a corner lot; 2019 improvements include a new roof, concrete slab floor, and new windows; Owner will reinstall one 10 X 12‑foot rear garage door