Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    5.5 Acres Wooded Land Title is generated by Realmo AI

    6743 Limestone Rd, Avondale, PA 19311

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Vacant land with high visibility on Limestone Road.

    Type:Land
    Lot size:
    5.50 Acres
    Added:
    Oct 19, 2023
    Days on Market:
    958
    Last Refresh:
    May 12 at 8:12 pm

    Property Features for 6743 Limestone Rd

    General Information

    Standard status
    Active
    Lot size
    5.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jeff Shahan, SIOR

    Listing agent Jeff Shahan, SIOR License #DE RB-0030990

    Listing office SB Real Estate

    Listing date Oct 19, 2023

    Source Crexi

    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 SB Real Estate

    HighLights

    • 5.5 acres of vacant wooded land.
    • Great visibility on Limestone Road.
    • Zoning: HC, Highway Commercial.
    • Served by public electricity.
    • Located on Limestone Road, the gateway between Delaware and Pennsylvania.
    • Mix of residential, commercial, and light industrial uses in the area.

    Overview

    This vacant wooded land encompasses 5.5 acres and benefits from high visibility along Limestone Road, which serves as a gateway between Delaware and Pennsylvania. The site is zoned HC, Highway Commercial, and is located on the east side of Limestone Road, just southwest of its intersection with Route 41. The surrounding area features a mix of residential, commercial, and light industrial uses. Public electricity serves the site, while development would require an on-site septic system and drilled well. Local businesses in the vicinity along Limestone Road include a lumber yard, a lawn mower shop, and an automobile service center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Avondale
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.72579
    Latitude
    39.79393

    Nearby Similar for Sale

    • $800
      2,520 SF

      Versatile Commercial Space in Avondale

      Commercial space with conference room and shared bathroom in Avondale.
      200 INDUSTRIAL DRIVE, AVONDALE, PA 19311
      View Details
    • Contact for pricing
      34,304 SF

      Retail Space and Pads Available

      Retail spaces and build-to-suit pads available for lease.
      550 - 571 Hepburn Road and 771 - 1001 Gap Newport Pike, Avondale, PA 19311
      View Details
    • $17
      3,760 SF

      Avondale Office/Retail/Restaurant Opportunity

      3,760 SF building near Baltimore Pike, ready for occupancy.
      565 E BALTIMORE PIKE, AVONDALE, PA 19311
      View Details
    • $350,000
      5 SF

      5.5 Acres Wooded Commercial Land

      5.5 acres of vacant wooded land with highway commercial zoning.
      6743 Limestone Rd , Avondale, PA 19311
      View Details
    • $1,100,000

      Prime Development Site Available

      3.632 +/- acres, zoned Commercial Industrial, public utilities.
      8970 - 8976 Gap Newport Pike, Avondale, PA 19311
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant land with high visibility on Limestone Road.
    Where is this commercial land located?
    The property is located at 6743 Limestone Rd Avondale, PA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 5.5 acres of vacant wooded land.; Great visibility on Limestone Road.; Zoning: HC, Highway Commercial.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Shahan, SIOR
    Real Estate License ID: DE RB-0030990
    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

    Thank You for Inquiry
    6743 Limestone Rd, Avondale, PA 19311
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!