Corner-Lot
New
For Sale
$499,900
726-728 W 3RD ST, Chester, PA 19013
The facility received a new roof, concrete slab floor, and windows in 2019.
Property Size7,680 SF
Price / SF$65.09
Days on Market5
Property Features for 726-728 W 3RD ST
General Information
Standard status
Active
Size
7,680 SF
Additional Details
Warehouse Space
7,680 SF
Building Details
Year Renovated
2019
Building Size
7,680 SF
Listing Agency:
BHHS Fox & Roach-Media
(610) 202-9558
Listed By:
Charlotte Denise Martin
(610) 202-9558
Source:
Imanirealtors
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 2:49PM
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.
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 = 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
$35,800
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
7.16%
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%
$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
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
$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 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%
$716,000
Cap Rate 7%
$511,429
Cap Rate 9%
$397,778
Alternative Uses
Best Use
Warehouse
$511.4K
$447.5K – $596.7K
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
NOI $162,995 @ 7.0% cap · market cap 32.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
