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    The Largest CRE Database in the US with Over 1 Million Listings

    740 Springdale Dr Exton, PA 19341

    Sponsored
    For Lease
    $18 SF/Yr

    Prime West Whiteland location, modern office suites.

    Lot size:
    47,938 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    416
    This exceptional two-story office building, totaling 47,938 square feet, presents a fantastic opportunity for businesses seeking high-quality executive office space in a desirable location. Situated in the Whiteland Business Park off Route 30, this Class B building boasts recent renovations completed in 2015, including a new roof, updated common areas, a stunning two-story atrium lobby, and a refreshed parking lot. New bathrooms are slated for completion in early fall. The property features excellent landscaping and ample parking, with a ratio of 4.32 spaces per 1,000 square feet, totaling 207 spaces. Currently, there are 4,655 square feet of vacant space available, with a maximum contiguous space of 2,991 square feet. The building is zoned I1-Industrial by West Whiteland Township. This prime location offers easy access to major roadways including Routes 100, 202, and the 30 Bypass, placing your business within minutes of Exton Mall, Main Street @ Exton, numerous restaurants, and the Chester Valley Trail. The lease rate is $18.50 per square foot, plus electricity. The building consists of two suites; one on the first floor (2,889 square feet) and one on the second floor (13,128 square feet). Don't miss this chance to establish your business in a thriving and convenient location.

    Property Features for 740 Springdale Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    47,938 SF
    Class
    B
    Total Rate
    73904.42

    Building Details

    Year Renovated
    2015
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    6,000 SF
    Rate per SF
    $18

    We can help!

    Listing Contact
    Phil Earley, Ccim

    Learn more

    Property Insight Report

    HighLights

    • Executive Office Space Available: 2,991 - 6,000 SF
    • 47,938 SF Class B Office Building, Two Stories
    • 2015 Renovations Include Roof, Common Areas, Lobby, and Parking Lot; New Bathrooms Coming Soon
    • Lease Rate: $18.50/SF + Electric; 207 Parking Spaces (4.32/1,000 SF)
    • Convenient Location in Whiteland Business Park, Near Route 30, Exton Mall, and Major Thoroughfares.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kurt Davidheiser, Springer ... Real Estate Agent UC Synergetic Inc Engineering Consultant CM Counsel Counselor C M Counsel: ... Psychologist Agronomed Pharmaceuticals Llc Pharmaceutical Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Exton
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.604199365587
    Latitude
    40.029336862968

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    FAQs

    What type of property is this?
    Office Property / Space - Prime West Whiteland location, modern office suites.
    Where is this office property / space located?
    The property is located at 740 Springdale Dr Exton, PA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Executive Office Space Available: 2,991 - 6,000 SF; 47,938 SF Class B Office Building, Two Stories; 2015 Renovations Include Roof, Common Areas, Lobby, and Parking Lot; New Bathrooms Coming Soon
    Request Owner's contact information
    740 Springdale Dr Exton, PA 19341
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    Exton, PA 19341
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    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
    740 Springdale Dr Exton, PA 19341
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    We can help!
    Listing Contact
    Phil Earley, Ccim
    Learn more
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