Flexible Office
New
For Sale
$2,000,000
728 Springdale Dr, Exton, PA 19341
Class B office property with adaptable space, on-site parking, and access to Business Route 30.
Property Size8,966 SF
Price / SF$223.06
Days on Market1
Property Features for 728 Springdale Dr
General Information
Standard status
Active
Size
8,966 SF
Class
Class B
Total Parking Spaces
24
Additional Details
Road Access
Yes
Building Details
Year Built
1984
Buildings
1
Listing Agency:
Keller Williams Real Estate - West Chester
Listed By:
Richard DiPrimio · License #RS338327
(484) 947-8988
Source:
Burkhart
Added: Sep 4
Last Checked: Sep 4 at 2:45PM
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 - West Chester
Investment Insights
Based on property information with market context.
Built in 1984, this Class B office building contains 8,966 square feet in a flexible configuration suited to an owner-user seeking workspace with additional occupancy potential. The property includes a lower level that can accommodate separate tenant space, along with 24 on-site parking spaces.
The building is located at the entrance to Whiteland Business Park in Exton, with access to Business Route 30 and Route 30. Its established business park setting provides a commercial environment for office operations and convenient connectivity to Exton and surrounding areas.
The building is located at the entrance to Whiteland Business Park in Exton, with access to Business Route 30 and Route 30. Its established business park setting provides a commercial environment for office operations and convenient connectivity to Exton and surrounding areas.
Key Highlights
- 8,966‑square‑foot Class B office building
- Flexible layout with a lower level suitable for separate tenant space
- 24 on‑site parking spaces
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
$140,960
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
7.05%
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%
$2,819,200
$2.8M
Cap Rate 7%
$2,013,714
$2.0M
Cap Rate 9%
$1,566,222
$1.6M
Market Conditions
NOI Build-Up for 8,966 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
$233.5K $26.04/SF
− Vacancy
−$45.5K −$5.08/SF
EGI
$187.9K $20.96/SF
− OpEx
−$47.0K −$5.24/SF
NOI
$141.0K $15.72/SF
Area
Chester County, PA
Vacancy
19.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
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%
$2,819,200
Cap Rate 7%
$2,013,714
Cap Rate 9%
$1,566,222
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.35M
NOI $140,960 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,288 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Explore this area
Business Placement
Demographics for 19341, PA
18,808
Population
9,209
Households
2
Avg Household Size
40
Median Age
64%
College-Educated
98%
High-School Grad
13.7 sq mi
ZIP Area
1,373
Density / Sq Mi
$122,992
Median Household Income
$71,565
Median Earnings
$2,045
Median Rent
$486,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Class B office property with adaptable space, on-site parking, and access to Business Route 30.
Where is this office building located?
The property is located at 728 Springdale Dr Exton, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 8,966‑square‑foot Class B office building; Flexible layout with a lower level suitable for separate tenant space; 24 on‑site parking spaces
