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    1011 W Baltimore Pike West Grove, PA 19390

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    For Lease
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    Medical office suites available with direct hospital access.

    Type:Office
    Property size:
    5,523 SF
    Added:
    Nov 3, 2023
    Days on Market:
    898
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 1011 W Baltimore Pike

    General Information

    Standard status
    Active
    Size
    5,523 SF
    Property subtype
    Office

    Building Details

    Year Built
    1980

    Spaces For Lease

    at 1011 W Baltimore Pike Contact us

    We can help!

    Listing Contact
    Michael Barnes

    Listing agent Michael Barnes License #PA RS348702

    Listing office Jackson Cross Partners

    Listing date Nov 3, 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 Jackson Cross Partners

    Overview

    Medical Office Suites Near Hospital

    Medical office suites are available, ranging in size from 569 square feet to 5,523 square feet. These spaces offer direct access to ChristianaCare Hospital. Contiguous office spaces are available. The location provides convenient access to Routes 1, 10, 41, and 896. Neighboring establishments include Jenner's Pond Retirement Community, Jennersville YMCA, Big Elf 55+ Villas, Chester County Hospital, Lincoln University, CVS, Giant, and Starbucks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jay Wardius, DMD Dental Office Southern Chester County ... Pharmacy ChristianaCare Oncology Hematology ... Medical Clinic Dr. James B. ... Ophthalmologist Urology Health Specialist: ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    West Grove
    County
    Chester
    State
    Pennsylvania
    Longitude
    -75.886672
    Latitude
    39.822853

    Nearby Similar for Lease

    • Contact for pricing

      West Grove Office Building

      Two-story office building near Jennersville Regional Hospital.
      1011 W. Baltimore Pike, West Grove, PA 19390
      View Details
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      West Grove Office Building For Rent

      58,256 SF office building near Jennersville Regional Hospital.
      1011 W. Baltimore Pike, West Grove, PA 19390
      View Details
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      Retail Space in Shoppes at Jenner’s Village

      Retail space available in shopping center anchored by GIANT.
      833 W Baltimore Pike, West Grove, PA
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      Flexible Live/Work Space Available

      High-visibility live/work space with flexible layout for rent.
      500 Coatesville Rd, West Grove, PA 19390
      View Details
    • Contact for pricing

      Medical Office Space at ChristianaCare

      Medical office space available for rent near ChristianaCare.
      1011 W Baltimore Pike, West Grove, PA 19390
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office suites available with direct hospital access.
    Where is this medical office space located?
    The property is located at 1011 W Baltimore Pike West Grove, PA.
    What are key features of this property?
    This property features: Direct access to ChristianaCare Hospital; Contiguous office spaces available, ranging from 569 sf to 5,523 SF; Easy access to Routes 1, 10, 41 & 896
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Barnes
    Real Estate License ID: PA RS348702
    Learn More
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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
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